AVE (ATH:AVE) Days Payable : 108.87 (As of Dec. 2023)

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What is AVE Days Payable?

AVE's average Accounts Payable for the six months ended in Dec. 2023 was €5.59 Mil. AVE's Cost of Goods Sold for the six months ended in Dec. 2023 was €9.37 Mil. Hence, AVE's Days Payable for the six months ended in Dec. 2023 was 108.87.

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

ATH:AVE' s Days Payable Range Over the Past 10 Years
Min: 73.18 Med: 172.79 Max: 729.33
Current: 284.58

During the past 7 years, AVE's highest Days Payable was 729.33. The lowest was 73.18. And the median was 172.79.

ATH:AVE's Days Payable is ranked better than
83.26% of 920 companies
in the Media - Diversified industry
Industry Median: 81.555 vs ATH:AVE: 284.58

AVE's Days Payable declined from Dec. 2022 (694.74) to Dec. 2023 (108.87). It may suggest that AVE accelerated paying its suppliers.

AVE Days Payable Historical Data

The historical data trend for AVE'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.

AVE Days Payable Chart

AVE Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

114.16

79.76

73.18

729.33

371.39

AVE Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				-	767.64	694.74	417.16	108.87

Competitive Comparison of AVE's Days Payable

For the Entertainment subindustry, AVE'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.

AVE's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, AVE's Days Payable distribution charts can be found below:

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

AVE 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.

AVE'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
=	( (27.23	+	6.189)	/	2 )	/	16.422	*	365
=	16.7095					/	16.422	*	365
=	371.39

AVE'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
=	( (4.995	+	6.189)	/	2 )	/	9.374	*	365 / 2
=	5.592					/	9.374	*	365 / 2
=	108.87

AVE Days Payable Related Terms

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

AVE (ATH:AVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AVE SA (ATH:AVE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Parnonos Street 3, Marousi, GRC, 15125

Website

http://www.ave.gr

AVE SA distributes prerecorded DVDs and videotapes in Greece and Cyprus.

AVE (ATH:AVE) Headlines

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