Cerved Group SpA (MEX:CERVN) Days Payable: 36.01 (As of Sep. 2021) — 57% Below Median


What is Cerved Group SpA Days Payable?

Cerved Group SpA MEX:CERVN 8 Days Payable is 36.01 as of Sep. 2021, which is 57% below its 10-year median of 82.89. GuruFocus rates MEX:CERVN with a GF Score™ of 8/100. The stock has 8 warning signs investors should review.

Cerved Group SpA's average Accounts Payable for the three months ended in Sep. 2021 was MXN1,158.51 Mil. Cerved Group SpA's Cost of Goods Sold for the three months ended in Sep. 2021 was MXN2,936.06 Mil. Hence, Cerved Group SpA's Days Payable for the three months ended in Sep. 2021 was 36.01.

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

MEX:CERVN' s Days Payable Range Over the Past 10 Years
Min: 64.26   Med: 82.89   Max: 121.81
Current: 62.6

During the past 11 years, Cerved Group SpA's highest Days Payable was 121.81. The lowest was 64.26. And the median was 82.89.

MEX:CERVN's Days Payable is not ranked
in the Capital Markets industry.
Industry Median: 90.065 vs MEX:CERVN: 62.60

Cerved Group SpA's Days Payable declined from Sep. 2020 (44.94) to Sep. 2021 (36.01). It may suggest that Cerved Group SpA accelerated paying its suppliers.


Cerved Group SpA Days Payable Historical Data

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The historical data trend for Cerved 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.

Cerved Group SpA Days Payable Chart

Cerved Group SpA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.09 86.06 97.59 94.84 76.87

Cerved Group SpA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.94 183.65 54.65 79.65 36.01

MEX:CERVN vs VALU: Days Payable Comparison

For the Financial Data & Stock Exchanges subindustry, Cerved 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.


Cerved Group SpA Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cerved Group SpA's Days Payable distribution charts can be found below:

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



Cerved 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.

Cerved Group SpA's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (1164.542 + 1135.151) / 2 ) / 5459.943*365
=1149.8465 / 5459.943*365
=76.87

Cerved Group SpA's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

Days Payable (Q: Sep. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2021 ) + Accounts Payable (Q: Sep. 2021 )) / count ) / Cost of Goods Sold (Q: Sep. 2021 )*Days in Period
=( (1024.943 + 1292.068) / 2 ) / 2936.06*365 / 4
=1158.5055 / 2936.06*365 / 4
=36.01

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 36.01 mean?
Cerved Group SpA (MEX:CERVN) has a Days Payable of 36.01 as of Sep. 2021. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Cerved Group SpA and its competitors. This is 57% below median its historical median of 82.89. Over the past decade, Cerved Group SpA's Days Payable has ranged from 64.26 to 121.81.
Is Cerved Group SpA's Days Payable too high?
Cerved Group SpA's current Days Payable of 36.01 is 57% below median its 10-year median of 82.89. Over the past 10 years, this metric has ranged from a low of 64.26 to a high of 121.81. The Capital Markets industry median Days Payable is 90.07. Cerved Group SpA's value of 36.01 is 60% below this industry median. Overall, Cerved Group SpA has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Cerved Group SpA's Days Payable compare to VALU?
Cerved Group SpA's Days Payable of 36.01 can be compared against companies in the Capital Markets industry. The industry median Days Payable is 90.07. Cerved Group SpA's value of 36.01 is 60% below this benchmark. Historically, Cerved Group SpA's own Days Payable has ranged from 64.26 to 121.81 over the past decade. While the company's 10-year median is 82.89 vs. the industry median of 90.07, Cerved Group SpA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Capital Markets company?
The median Days Payable among Capital Markets companies is 90.07, based on 538 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cerved Group SpA's current Days Payable of 36.01 is 60% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Cerved Group SpA and its competitors. For the Capital Markets industry, the median Days Payable is 90.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cerved Group SpA's current Days Payable is 36.01, which is 57% below median its own 10-year median of 82.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cerved Group SpA stock overvalued right now?
Cerved Group SpA (MEX:CERVN) has a current Days Payable of 36.01. The current Days Payable is 36.01, which is 57% below median its 10-year median of 82.89 and 60% below the Capital Markets industry median of 90.07. Cerved Group SpA's overall GF Score™ is 8/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Cerved Group SpA (MEX:CERVN), the current Days Payable is 36.01 as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cerved Group SpA Business Description

Address Via Dell’Unione Europea, 6A, 6B, San Donato Milanese, Milan, ITA, 20097
Cerved Group SpA is a holding company that owns the Cerved Group, an Italian credit information service provider. It operates through three segments. The Risk Management segment, which accounts for the majority of the Cerved Group's revenue, offers products and services that help businesses and financial institutions to assess the credit status of their customers, business counterparties, and potential customers. The Growth Services segment offers information and analyses that help customers to understand the target market and regions, develop businesses, and improve customer satisfaction. The credit management segment assesses and manages troubled receivables and assets. It generates the majority of its revenue from the Italian domestic market.