Millicom International Cellular (Millicom International Cellular) Days Payable

: 83.43 (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

Millicom International Cellular's average Accounts Payable for the three months ended in Dec. 2023 was $358 Mil. Millicom International Cellular's Cost of Goods Sold for the three months ended in Dec. 2023 was $391 Mil. Hence, Millicom International Cellular's Days Payable for the three months ended in Dec. 2023 was 83.43.

The historical rank and industry rank for Millicom International Cellular's Days Payable or its related term are showing as below:

TIGO' s Days Payable Range Over the Past 10 Years
Min: 67.33 Med: 92.23 Max: 107.26
Current: 90.55

During the past 13 years, Millicom International Cellular's highest Days Payable was 107.26. The lowest was 67.33. And the median was 92.23.

TIGO's Days Payable is ranked worse than
55.33% of 347 companies
in the Telecommunication Services industry
Industry Median: 106.28 vs TIGO: 90.55

Millicom International Cellular's Days Payable declined from Dec. 2022 (88.92) to Dec. 2023 (83.43). It may suggest that Millicom International Cellular accelerated paying its suppliers.

Millicom International Cellular Days Payable Historical Data

The historical data trend for Millicom International Cellular'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.

* Premium members only.

Millicom International Cellular Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

86.84

107.26

103.83

90.52

95.67

Millicom International Cellular Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																88.92	97.28	90.41	86.11	83.43

Competitive Comparison

For the Telecom Services subindustry, Millicom International Cellular'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.

Millicom International Cellular Days Payable Distribution

For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Days Payable distribution charts can be found below:

* The bar in red indicates where Millicom International Cellular's Days Payable falls into.

Millicom International Cellular 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.

Millicom International Cellular'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
=	( (400	+	390)	/	2 )	/	1507	*	365
=	395					/	1507	*	365
=	95.67

Millicom International Cellular'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
=	( (325	+	390)	/	2 )	/	391	*	365 / 4
=	357.5					/	391	*	365 / 4
=	83.43

Millicom International Cellular Days Payable Related Terms

Thank you for viewing the detailed overview of Millicom International Cellular's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Millicom International Cellular (Millicom International Cellular) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Millicom International Cellular SA (NAS:TIGO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TIGO SDB:Sweden TIGOs:UK 0GRK:UK M4M1:Germany M4M1:Germany M4M:Germany

Address

2, Rue du Fort Bourbon, Luxembourg, LUX, L-1249

Website

https://www.millicom.com

Millicom offers wireless and fixed-line telecom services primarily in smaller, less congested markets or in less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), Costa Rica (100%) and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's fixed-line networks reach nearly 13 million homes while its wireless networks cover about 120 million people. Increasingly, Millicom offers a converged package that may include fixed-line phone, broadband, and pay television in conjunction with wireless services. The firm plans to carve out its infrastructure assets and mobile financial services business in 2023.