ENAV SpA (FRA:ENV) Days Payable : 50.12 (As of Dec. 2023)

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What is ENAV SpA Days Payable?

ENAV SpA's average Accounts Payable for the three months ended in Dec. 2023 was €148.4 Mil. ENAV SpA's Cost of Goods Sold for the three months ended in Dec. 2023 was €270.2 Mil. Hence, ENAV SpA's Days Payable for the three months ended in Dec. 2023 was 50.12.

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

FRA:ENV' s Days Payable Range Over the Past 10 Years
Min: 72.42 Med: 79.38 Max: 143.28
Current: 143.28

During the past 11 years, ENAV SpA's highest Days Payable was 143.28. The lowest was 72.42. And the median was 79.38.

FRA:ENV's Days Payable is ranked better than
90.01% of 931 companies
in the Transportation industry
Industry Median: 39.47 vs FRA:ENV: 143.28

ENAV SpA's Days Payable declined from Sep. 2022 (128.14) to Dec. 2023 (50.12). It may suggest that ENAV SpA accelerated paying its suppliers.

ENAV SpA Days Payable Historical Data

The historical data trend for ENAV 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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ENAV SpA Days Payable Chart

ENAV SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.52

93.15

80.37

72.42

91.46

ENAV SpA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															128.14	43.09	-	124.63	50.12

Competitive Comparison of ENAV SpA's Days Payable

For the Airports & Air Services subindustry, ENAV 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.

ENAV SpA's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ENAV SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where ENAV SpA's Days Payable falls into.

ENAV 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.

ENAV 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
=	( (140.096	+	195.715)	/	2 )	/	670.063	*	365
=	167.9055					/	670.063	*	365
=	91.46

ENAV 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
=	( (101.104	+	195.715)	/	2 )	/	270.177	*	365 / 4
=	148.4095					/	270.177	*	365 / 4
=	50.12

ENAV SpA Days Payable Related Terms

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ENAV SpA (FRA:ENV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ENAV SpA (FRA:ENV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ENAV:Italy 0RIE:UK ENV:Germany

Address

Via Salaria 716, Rome, ITA, 00138

Website

https://www.enav.it

ENAV SpA is an air traffic controlling firm. The company's operating segment includes Air navigation services, Maintenance services and AIM software solutions. It generates maximum revenue from the Flight assistance services segment. Geographically, it derives a majority of revenue from Italy.