CTS Eventim AG. KGaA (FRA:EVD) Days Payable : 23.32 (As of Dec. 2023)

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What is CTS Eventim AG. KGaA Days Payable?

CTS Eventim AG. KGaA's average Accounts Payable for the three months ended in Dec. 2023 was €305 Mil. CTS Eventim AG. KGaA's Cost of Goods Sold for the three months ended in Dec. 2023 was €1,195 Mil. Hence, CTS Eventim AG. KGaA's Days Payable for the three months ended in Dec. 2023 was 23.32.

The historical rank and industry rank for CTS Eventim AG. KGaA's Days Payable or its related term are showing as below:

FRA:EVD' s Days Payable Range Over the Past 10 Years
Min: 43.52 Med: 52.32 Max: 156.47
Current: 55.47

During the past 13 years, CTS Eventim AG. KGaA's highest Days Payable was 156.47. The lowest was 43.52. And the median was 52.32.

FRA:EVD's Days Payable is ranked worse than
62.74% of 926 companies
in the Media - Diversified industry
Industry Median: 82.14 vs FRA:EVD: 55.47

CTS Eventim AG. KGaA's Days Payable declined from Dec. 2022 (25.77) to Dec. 2023 (23.32). It may suggest that CTS Eventim AG. KGaA accelerated paying its suppliers.

CTS Eventim AG. KGaA Days Payable Historical Data

The historical data trend for CTS Eventim AG. KGaA'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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CTS Eventim AG. KGaA Days Payable Chart

CTS Eventim AG. KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.45

156.47

105.37

43.52

53.63

CTS Eventim AG. KGaA 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															25.77	73.90	42.05	-	23.32

Competitive Comparison of CTS Eventim AG. KGaA's Days Payable

For the Entertainment subindustry, CTS Eventim AG. KGaA'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.

CTS Eventim AG. KGaA's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CTS Eventim AG. KGaA's Days Payable distribution charts can be found below:

* The bar in red indicates where CTS Eventim AG. KGaA's Days Payable falls into.

CTS Eventim AG. KGaA 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.

CTS Eventim AG. KGaA'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
=	( (232.622	+	283.259)	/	2 )	/	1755.395	*	365
=	257.9405					/	1755.395	*	365
=	53.63

CTS Eventim AG. KGaA'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
=	( (327.477	+	283.259)	/	2 )	/	1195.098	*	365 / 4
=	305.368					/	1195.098	*	365 / 4
=	23.32

CTS Eventim AG. KGaA Days Payable Related Terms

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CTS Eventim AG. KGaA (FRA:EVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CTS Eventim AG & Co. KGaA (FRA:EVD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CEVMY:USA CEVMF:USA EVDd:UK 0EEE:UK EVD:Germany EVD:Austria

Address

Contrescarpe 75 A, Bremen, HB, DEU, 28195

Website

https://www.eventim.de

CTS Eventim AG & Co. KGaA is a diversified media company that focuses on the ticketing market. The business is divided into two segments, ticketing, and live entertainment. The ticketing segment produces, sells, and distributes tickets for a variety of leisure-based events. The company sells tickets for concerts, sports, theater events, and provides travel services as well. The live entertainment business segment plans and organizes tour events, largely for music-based concerts. The company generates the vast majority of its revenue in Germany.

CTS Eventim AG. KGaA (FRA:EVD) Headlines

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