Zignago Vetro SpA (FRA:ZVB) Days Payable : 42.03 (As of Dec. 2024)

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What is Zignago Vetro SpA Days Payable?

Zignago Vetro SpA's average Accounts Payable for the three months ended in Dec. 2024 was €89.0 Mil. Zignago Vetro SpA's Cost of Goods Sold for the three months ended in Dec. 2024 was €193.3 Mil. Hence, Zignago Vetro SpA's Days Payable for the three months ended in Dec. 2024 was 42.03.

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

FRA:ZVB' s Days Payable Range Over the Past 10 Years
Min: 90.75 Med: 131.5 Max: 159.86
Current: 90.75

During the past 13 years, Zignago Vetro SpA's highest Days Payable was 159.86. The lowest was 90.75. And the median was 131.50.

FRA:ZVB's Days Payable is ranked better than
72.51% of 382 companies
in the Packaging & Containers industry
Industry Median: 58.46 vs FRA:ZVB: 90.75

Zignago Vetro SpA's Days Payable declined from Dec. 2023 (45.17) to Dec. 2024 (42.03). It may suggest that Zignago Vetro SpA accelerated paying its suppliers.

Zignago Vetro SpA Days Payable Historical Data

The historical data trend for Zignago Vetro 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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Zignago Vetro SpA Days Payable Chart

Zignago Vetro SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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131.45

131.06

116.60

131.55

119.42

Zignago Vetro SpA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															45.17	273.31	71.88	320.56	42.03

Competitive Comparison of Zignago Vetro SpA's Days Payable

For the Packaging & Containers subindustry, Zignago Vetro 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.

Zignago Vetro SpA's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zignago Vetro SpA's Days Payable distribution charts can be found below:

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

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Zignago Vetro 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.

Zignago Vetro SpA's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (94.319	+	87.525)	/	2 )	/	277.899	*	365
=	90.922					/	277.899	*	365
=	119.42

Zignago Vetro SpA's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (90.482	+	87.525)	/	2 )	/	193.25	*	365 / 4
=	89.0035					/	193.25	*	365 / 4
=	42.03

Zignago Vetro SpA Days Payable Related Terms

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Zignago Vetro SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zignago Vetro SpA (FRA:ZVB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ZV:Italy 0NNC:UK

Address

Via Ita Marzotto no. 8, Fossalta di Portogruaro, Venice, ITA, 30025

Website

https://www.zignagovetro.com

Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for the Food and Beverages and Cosmetics and Perfumery sectors. It has seven operating segments Zignago Vetro SpA; Zignago Vetro Polska SA; Zignago Vetro France SAS; Vetri Speciali SpA; Zignago Glass USA Inc.; Tre-Ve Srl; Vetreco Srl; and Nuova RO-CO Srl. It generates the majority of its revenue from Zignago Vetro SpA this Business Unit carries out the production of glass containers for food and beverages and for cosmetics and perfumery. The business of the group is carried out in various geographical locations such as Italy, the European Union, North America, and other areas.

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