Azimut Holding SPA (Azimut Holding SPA) Days Payable : 35.85 (As of Dec. 2023)

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What is Azimut Holding SPA Days Payable?

Azimut Holding SPA's average Accounts Payable for the three months ended in Dec. 2023 was $62 Mil. Azimut Holding SPA's Cost of Goods Sold for the three months ended in Dec. 2023 was $158 Mil. Hence, Azimut Holding SPA's Days Payable for the three months ended in Dec. 2023 was 35.85.

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

AZIHF' s Days Payable Range Over the Past 10 Years
Min: 21.03 Med: 85.16 Max: 99.31
Current: 90.52

During the past 13 years, Azimut Holding SPA's highest Days Payable was 99.31. The lowest was 21.03. And the median was 85.16.

AZIHF's Days Payable is ranked better than
56.2% of 468 companies
in the Asset Management industry
Industry Median: 69.215 vs AZIHF: 90.52

Azimut Holding SPA's Days Payable declined from Dec. 2022 (50.77) to Dec. 2023 (35.85). It may suggest that Azimut Holding SPA accelerated paying its suppliers.

Azimut Holding SPA Days Payable Historical Data

The historical data trend for Azimut Holding 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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Azimut Holding SPA Days Payable Chart

Azimut Holding SPA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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91.54

95.06

87.67

92.72

74.18

Azimut Holding SPA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															50.77	178.14	94.41	113.62	35.85

Competitive Comparison of Azimut Holding SPA's Days Payable

For the Asset Management subindustry, Azimut Holding 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.

Azimut Holding SPA's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Azimut Holding SPA's Days Payable distribution charts can be found below:

* The bar in red indicates where Azimut Holding SPA's Days Payable falls into.

Azimut Holding 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.

Azimut Holding 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
=	( (173.709	+	62.071)	/	2 )	/	580.096	*	365
=	117.89					/	580.096	*	365
=	74.18

Azimut Holding SPA'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
=	( (0	+	62.071)	/	1 )	/	157.993	*	365 / 4
=	62.071					/	157.993	*	365 / 4
=	35.85

Azimut Holding SPA Days Payable Related Terms

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Azimut Holding SPA (Azimut Holding SPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Azimut Holding SPA (OTCPK:AZIHF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AZM:Italy AZMm:UK 0MHJ:UK HDB:Germany

Address

Via Cusani 4, Milan, ITA, 20121

Website

https://www.azimut.it

Azimut Holding SPA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.

Azimut Holding SPA (Azimut Holding SPA) Headlines

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