Pirelli & C SpA (FRA:2PI) Days Payable : 347.37 (As of Dec. 2023)

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What is Pirelli & C SpA Days Payable?

Pirelli & C SpA's average Accounts Payable for the three months ended in Dec. 2023 was €1,742 Mil. Pirelli & C SpA's Cost of Goods Sold for the three months ended in Dec. 2023 was €458 Mil. Hence, Pirelli & C SpA's Days Payable for the three months ended in Dec. 2023 was 347.37.

The historical rank and industry rank for Pirelli & C SpA's Days Payable or its related term are showing as below:

FRA:2PI' s Days Payable Range Over the Past 10 Years
Min: 239.61 Med: 328.35 Max: 716.31
Current: 276.13

During the past 13 years, Pirelli & C SpA's highest Days Payable was 716.31. The lowest was 239.61. And the median was 328.35.

FRA:2PI's Days Payable is ranked better than
96.51% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs FRA:2PI: 276.13

Pirelli & C SpA's Days Payable declined from Dec. 2022 (354.43) to Dec. 2023 (347.37). It may suggest that Pirelli & C SpA accelerated paying its suppliers.

Pirelli & C SpA Days Payable Historical Data

The historical data trend for Pirelli & C SpA's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pirelli & C SpA Days Payable Chart

Pirelli & C SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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339.09

371.45

323.46

297.91

333.23

Pirelli & C SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															354.43	262.43	226.05	228.22	347.37

Competitive Comparison of Pirelli & C SpA's Days Payable

For the Auto Parts subindustry, Pirelli & C SpA's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pirelli & C SpA's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pirelli & C SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where Pirelli & C SpA's Days Payable falls into.

Pirelli & C SpA Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Pirelli & C SpA's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1973.296	+	1999.418)	/	2 )	/	2175.75	*	365
=	1986.357					/	2175.75	*	365
=	333.23

Pirelli & C SpA's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1484.323	+	1999.418)	/	2 )	/	457.569	*	365 / 4
=	1741.8705					/	457.569	*	365 / 4
=	347.37

Pirelli & C SpA Days Payable Related Terms

Thank you for viewing the detailed overview of Pirelli & C SpA's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Pirelli & C SpA (FRA:2PI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pirelli & C SpA (FRA:2PI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PLLIF:USA PIRC:Italy PIRCm:UK 0P1R:UK

Address

Viale Piero e Alberto Pirelli n. 25, Milan, ITA, 20126

Website

https://www.pirelli.com

Pirelli & C SpA designs develop, manufactures, and markets tires - for motor vehicles, industrial vehicles, and motorcycles. The company is focused on Prestige and Premium segments. Geographically it derives the majority revenue from Europe and Turkey.

Pirelli & C SpA (FRA:2PI) Headlines

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