IRCE SpA (MIL:IRC) Days Payable : 38.95 (As of Mar. 2025)

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What is IRCE SpA Days Payable?

IRCE SpA's average Accounts Payable for the three months ended in Mar. 2025 was €33.3 Mil. IRCE SpA's Cost of Goods Sold for the three months ended in Mar. 2025 was €78.0 Mil. Hence, IRCE SpA's Days Payable for the three months ended in Mar. 2025 was 38.95.

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

MIL:IRC' s Days Payable Range Over the Past 10 Years
Min: 21.98 Med: 30.63 Max: 46.51
Current: 46.51

During the past 13 years, IRCE SpA's highest Days Payable was 46.51. The lowest was 21.98. And the median was 30.63.

MIL:IRC's Days Payable is ranked worse than
75.11% of 2945 companies
in the Industrial Products industry
Industry Median: 79.9 vs MIL:IRC: 46.51

IRCE SpA's Days Payable declined from Mar. 2024 (45.01) to Mar. 2025 (38.95). It may suggest that IRCE SpA accelerated paying its suppliers.

IRCE SpA Days Payable Historical Data

The historical data trend for IRCE 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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IRCE SpA Days Payable Chart

IRCE SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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27.28

25.71

29.11

35.08

35.55

IRCE SpA Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															45.01	45.81	51.30	47.14	38.95

Competitive Comparison of IRCE SpA's Days Payable

For the Electrical Equipment & Parts subindustry, IRCE 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.

IRCE SpA's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, IRCE SpA's Days Payable distribution charts can be found below:

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

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IRCE 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.

IRCE SpA's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (33.207	+	26.01)	/	2 )	/	303.973	*	365
=	29.6085					/	303.973	*	365
=	35.55

IRCE SpA's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (26.01	+	40.614)	/	2 )	/	78.047	*	365 / 4
=	33.312					/	78.047	*	365 / 4
=	38.95

IRCE SpA Days Payable Related Terms

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IRCE SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IRCE SpA (MIL:IRC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IRQ:Germany

Address

Via Lasie 12/A, Imola, ITA, 40026

Website

https://www.irce.it

IRCE SpA is an Italy-based company that operates in the sector of winding conductors and electrical cables. The company products include Enamelled copper and aluminum round wire, Copper and aluminum rectangular wire, Medium Voltage Cables, and others. The company's geographical segments are Italy, the European Union, and Non-European Union. Italy contributes majority of the revenue in terms of geographical segment.