Highlight Event and Entertainment AG (FRA:L60) Days Payable : 131.30 (As of Dec. 2023)

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What is Highlight Event and Entertainment AG Days Payable?

Highlight Event and Entertainment AG's average Accounts Payable for the six months ended in Dec. 2023 was €60.9 Mil. Highlight Event and Entertainment AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €84.7 Mil. Hence, Highlight Event and Entertainment AG's Days Payable for the six months ended in Dec. 2023 was 131.30.

The historical rank and industry rank for Highlight Event and Entertainment AG's Days Payable or its related term are showing as below:

FRA:L60' s Days Payable Range Over the Past 10 Years
Min: 32.78 Med: 128.9 Max: 326.61
Current: 128.9

During the past 13 years, Highlight Event and Entertainment AG's highest Days Payable was 326.61. The lowest was 32.78. And the median was 128.90.

FRA:L60's Days Payable is ranked better than
65.8% of 927 companies
in the Media - Diversified industry
Industry Median: 81.28 vs FRA:L60: 128.90

Highlight Event and Entertainment AG's Days Payable increased from Dec. 2022 (92.92) to Dec. 2023 (131.30). It may suggest that Highlight Event and Entertainment AG delayed paying its suppliers.

Highlight Event and Entertainment AG Days Payable Historical Data

The historical data trend for Highlight Event and Entertainment AG'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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Highlight Event and Entertainment AG Days Payable Chart

Highlight Event and Entertainment AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

161.76

141.07

117.04

71.54

126.43

Highlight Event and Entertainment AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															87.33	60.22	92.92	124.44	131.30

Competitive Comparison of Highlight Event and Entertainment AG's Days Payable

For the Entertainment subindustry, Highlight Event and Entertainment AG'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.

Highlight Event and Entertainment AG's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Highlight Event and Entertainment AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Highlight Event and Entertainment AG's Days Payable falls into.

Highlight Event and Entertainment AG 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.

Highlight Event and Entertainment AG'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
=	( (44.355	+	60.91)	/	2 )	/	151.948	*	365
=	52.6325					/	151.948	*	365
=	126.43

Highlight Event and Entertainment AG'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	60.91)	/	1 )	/	84.664	*	365 / 2
=	60.91					/	84.664	*	365 / 2
=	131.30

Highlight Event and Entertainment AG Days Payable Related Terms

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Highlight Event and Entertainment AG (FRA:L60) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Highlight Event and Entertainment AG (FRA:L60) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HLEEz:UK HLEE:Switzerland

Address

Netzibodenstrasse 23b, Pratteln, CHE, CH-4133

Website

https://www.hlee.ch

Highlight Event and Entertainment AG is engaged in the business of event marketing and entertainment which consist of marketing rights for the Vienna Philharmonic orchestra and the Eurovision song contest. The company's business segment includes Film segment, the Sports and Events segment and Others segment. It generates maximum revenue from the Film segment. Geographically, it operates in Switzerland, Germany, the Rest of Europe and the Rest of world.

Highlight Event and Entertainment AG (FRA:L60) Headlines

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