Estrima SpA (MIL:BIRO) Days Payable : 107.10 (As of Jun. 2023)

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What is Estrima SpA Days Payable?

Estrima SpA's average Accounts Payable for the six months ended in Jun. 2023 was €11.55 Mil. Estrima SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €19.68 Mil. Hence, Estrima SpA's Days Payable for the six months ended in Jun. 2023 was 107.10.

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

MIL:BIRO' s Days Payable Range Over the Past 10 Years
Min: 110.66 Med: 168.09 Max: 218.33
Current: 110.66

During the past 4 years, Estrima SpA's highest Days Payable was 218.33. The lowest was 110.66. And the median was 168.09.

MIL:BIRO's Days Payable is ranked better than
75.34% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs MIL:BIRO: 110.66

Estrima SpA's Days Payable declined from Jun. 2022 (109.24) to Jun. 2023 (107.10). It may suggest that Estrima SpA accelerated paying its suppliers.

Estrima SpA Days Payable Historical Data

The historical data trend for Estrima 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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Estrima SpA Days Payable Chart

Estrima SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

139.28

218.33

196.90

138.21

Estrima SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial			137.95	-	109.24	123.61	107.10

Competitive Comparison of Estrima SpA's Days Payable

For the Auto Manufacturers subindustry, Estrima 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.

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

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

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

Estrima 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.

Estrima SpA's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	12.62)	/	1 )	/	33.328	*	365
=	12.62					/	33.328	*	365
=	138.21

Estrima SpA's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (12.62	+	10.479)	/	2 )	/	19.681	*	365 / 2
=	11.5495					/	19.681	*	365 / 2
=	107.10

Estrima SpA Days Payable Related Terms

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Estrima SpA (MIL:BIRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Estrima SpA (MIL:BIRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Roveredo 20/b, Pordenone, ITA, 33170

Website

https://www.estrima.com

Estrima SpA is engaged in designing, manufacturing and distribution of the small electric vehicles.

Estrima SpA (MIL:BIRO) Headlines

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