Mare Engineering Group SpA (FRA:EZ3) Days Payable : 144.54 (As of Jun. 2024)

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What is Mare Engineering Group SpA Days Payable?

Mare Engineering Group SpA's average Accounts Payable for the six months ended in Jun. 2024 was €4.91 Mil. Mare Engineering Group SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €6.20 Mil. Hence, Mare Engineering Group SpA's Days Payable for the six months ended in Jun. 2024 was 144.54.

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

FRA:EZ3' s Days Payable Range Over the Past 10 Years
Min: 104.19 Med: 315.46 Max: 516.16
Current: 104.19

During the past 4 years, Mare Engineering Group SpA's highest Days Payable was 516.16. The lowest was 104.19. And the median was 315.46.

FRA:EZ3's Days Payable is ranked better than
63.69% of 1669 companies
in the Construction industry
Industry Median: 77.17 vs FRA:EZ3: 104.19

Mare Engineering Group SpA's Days Payable increased from Jun. 2023 (0.00) to Jun. 2024 (144.54). It may suggest that Mare Engineering Group SpA delayed paying its suppliers.

Mare Engineering Group SpA Days Payable Historical Data

The historical data trend for Mare Engineering Group 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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Mare Engineering Group SpA Days Payable Chart

Mare Engineering Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Days Payable

516.16

315.46

140.51

184.31

Mare Engineering Group SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial			311.18	-	75.65	144.54	81.05

Competitive Comparison of Mare Engineering Group SpA's Days Payable

For the Engineering & Construction subindustry, Mare Engineering Group 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.

Mare Engineering Group SpA's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mare Engineering Group SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where Mare Engineering Group SpA's Days Payable falls into.

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Mare Engineering Group 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.

Mare Engineering Group 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
=	( (4.735	+	4.814)	/	2 )	/	12.403	*	365
=	4.7745					/	12.403	*	365
=	140.51

Mare Engineering Group SpA's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (4.814	+	5.002)	/	2 )	/	6.197	*	365 / 2
=	4.908					/	6.197	*	365 / 2
=	144.54

Mare Engineering Group SpA Days Payable Related Terms

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Mare Engineering Group SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mare Engineering Group SpA (FRA:EZ3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MARE:Italy

Address

Via ex Aeroporto, snc, c/o Il Sole Consortium, Lot XI, Pomigliano d'Arc, Naples, ITA, 80038

Website

https://www.maregroup.it

Mare Engineering Group SpA is an engineering consultancy company that has an objective to deliver engineering services to large companies.

Mare Engineering Group SpA Headlines

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