Passat (FRA:6JF) Days Payable : 111.45 (As of Dec. 2023)

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What is Passat Days Payable?

Passat's average Accounts Payable for the six months ended in Dec. 2023 was €8.56 Mil. Passat's Cost of Goods Sold for the six months ended in Dec. 2023 was €14.02 Mil. Hence, Passat's Days Payable for the six months ended in Dec. 2023 was 111.45.

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

FRA:6JF' s Days Payable Range Over the Past 10 Years
Min: 89.3 Med: 98.88 Max: 135.19
Current: 107.77

During the past 13 years, Passat's highest Days Payable was 135.19. The lowest was 89.30. And the median was 98.88.

FRA:6JF's Days Payable is ranked better than
77.89% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 52.75 vs FRA:6JF: 107.77

Passat's Days Payable declined from Dec. 2022 (117.62) to Dec. 2023 (111.45). It may suggest that Passat accelerated paying its suppliers.

Passat Days Payable Historical Data

The historical data trend for Passat'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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Passat Days Payable Chart

Passat Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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97.02

100.35

109.91

135.19

97.41

Passat 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															128.79	134.17	117.62	114.49	111.45

Competitive Comparison of Passat's Days Payable

For the Specialty Retail subindustry, Passat'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.

Passat's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Passat's Days Payable distribution charts can be found below:

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

Passat 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.

Passat'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
=	( (7.448	+	7.359)	/	2 )	/	27.742	*	365
=	7.4035					/	27.742	*	365
=	97.41

Passat'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
=	( (9.767	+	7.359)	/	2 )	/	14.022	*	365 / 2
=	8.563					/	14.022	*	365 / 2
=	111.45

Passat Days Payable Related Terms

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Passat Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Passat SA (FRA:6JF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PSAT:France

Address

2 rue Alfred de Vigny, Fourqueux, Paris, FRA, 78118

Website

http://www.passat.fr

Passat SA is a France based holding company. It offers its customers wide possibilities of implantation in the points of sale. The company offers a portfolio of products, comprising fitness, beauty, health and leisure products, kitchen utensils and accessories; patented do-it-yourself products, home comfort and maintenance products, gardening products, toys and household products, among others.

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