Eni SpA (XBRU:ENI) Days Payable : 79.62 (As of Mar. 2024)

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What is Eni SpA Days Payable?

Eni SpA's average Accounts Payable for the three months ended in Mar. 2024 was €16,857 Mil. Eni SpA's Cost of Goods Sold for the three months ended in Mar. 2024 was €19,319 Mil. Hence, Eni SpA's Days Payable for the three months ended in Mar. 2024 was 79.62.

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

XBRU:ENI' s Days Payable Range Over the Past 10 Years
Min: 60.41 Med: 77.17 Max: 92.4
Current: 73.88

During the past 13 years, Eni SpA's highest Days Payable was 92.40. The lowest was 60.41. And the median was 77.17.

XBRU:ENI's Days Payable is ranked better than
57.22% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs XBRU:ENI: 73.88

Eni SpA's Days Payable increased from Mar. 2023 (75.00) to Mar. 2024 (79.62). It may suggest that Eni SpA delayed paying its suppliers.

Eni SpA Days Payable Historical Data

The historical data trend for Eni 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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Eni SpA Days Payable Chart

Eni SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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68.46

85.58

74.25

60.41

75.77

Eni SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															75.00	82.55	70.46	67.08	79.62

Competitive Comparison of Eni SpA's Days Payable

For the Oil & Gas Integrated subindustry, Eni 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.

Eni SpA's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Eni SpA's Days Payable distribution charts can be found below:

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

Eni 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.

Eni SpA'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
=	( (19527	+	14231)	/	2 )	/	81315	*	365
=	16879					/	81315	*	365
=	75.77

Eni SpA's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (14231	+	19482)	/	2 )	/	19319	*	365 / 4
=	16856.5					/	19319	*	365 / 4
=	79.62

Eni SpA Days Payable Related Terms

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Eni SpA (XBRU:ENI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (XBRU:ENI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EIPAF:USA E:USA ENI:Italy 0TD2:UK ENIm:UK 0N9S:UK ENI:Germany ENI:Germany ENI:Germany ENI1:Germany ENI:Germany ENI:Austria E:Argentina

Address

1, Piazzale Enrico Mattei, Rome, ITA, 00144

Website

https://www.eni.com

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.

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