Econocom Group SE (XBRU:ECONB) Days Payable

: 97.41 (As of Dec. 2023)

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Econocom Group SE's average Accounts Payable for the six months ended in Dec. 2023 was €610 Mil. Econocom Group SE's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,143 Mil. Hence, Econocom Group SE's Days Payable for the six months ended in Dec. 2023 was 97.41.

The historical rank and industry rank for Econocom Group SE's Days Payable or its related term are showing as below:

XBRU:ECONB' s Days Payable Range Over the Past 10 Years
Min: 89.25 Med: 112.92 Max: 136.14
Current: 103.86

During the past 13 years, Econocom Group SE's highest Days Payable was 136.14. The lowest was 89.25. And the median was 112.92.

XBRU:ECONB's Days Payable is ranked better than
70.38% of 2522 companies
in the Software industry
Industry Median: 51.51 vs XBRU:ECONB: 103.86

Econocom Group SE's Days Payable declined from Dec. 2022 (111.00) to Dec. 2023 (97.41). It may suggest that Econocom Group SE accelerated paying its suppliers.

Econocom Group SE Days Payable Historical Data

The historical data trend for Econocom Group SE'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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Econocom Group SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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120.15

131.40

136.14

118.68

110.39

Econocom Group SE 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															117.03	114.07	111.00	103.75	97.41

Competitive Comparison

For the Information Technology Services subindustry, Econocom Group SE'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.

Econocom Group SE Days Payable Distribution

For the Software industry and Technology sector, Econocom Group SE's Days Payable distribution charts can be found below:

* The bar in red indicates where Econocom Group SE's Days Payable falls into.

Econocom Group SE 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.

Econocom Group SE'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
=	( (741.2	+	648.2)	/	2 )	/	2297.1	*	365
=	694.7					/	2297.1	*	365
=	110.39

Econocom Group SE'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
=	( (571.5	+	648.2)	/	2 )	/	1142.6	*	365 / 2
=	609.85					/	1142.6	*	365 / 2
=	97.41

Econocom Group SE Days Payable Related Terms

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Econocom Group SE (XBRU:ECONB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Econocom Group SE (XBRU:ECONB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0RPX:UK 1E91:Germany

Address

11 square Leon Blum, Puteaux, FRA, 92800

Website

https://www.econocom.com

Econocom Group SE Formerly Econocom Group SA/NV is a European company that designs, finances, and oversees the digital transformation of businesses. The company provides consulting technology management, and financing of digital assets under the Econocom and Atlance brands, as well as application and digital solution services for client companies' IT systems. Additionally, Econocom provides security guidelines and tools, web and mobile applications, and project financing. The company generates revenue from France, Benelux, and other regions in Europe and the Americas, with France representing more than half of total sales. The company operates through three segments: Technology management and financing and Digital Services & Solutions.

Econocom Group SE (XBRU:ECONB) Headlines

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