Adventure SpA (MIL:ADV) Days Payable: 243.42 (As of Dec. 2025) — 35% Below Median


MIL:ADV Adventure SpA MIL:ADV
15 GF Score
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! 6 Warning Signs
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What is Adventure SpA Days Payable?

Adventure SpA MIL:ADV 15 Days Payable is 243.42 as of Dec. 2025, which is 35% below its 10-year median of 376.47. GuruFocus rates MIL:ADV with a GF Score™ of 15/100. The stock has 6 warning signs investors should review. Among 2,602 Software companies, Adventure SpA ranks better than 86.05% on this metric.

Adventure SpA's average Accounts Payable for the six months ended in Dec. 2025 was €2.43 Mil. Adventure SpA's Cost of Goods Sold for the six months ended in Dec. 2025 was €1.82 Mil. Hence, Adventure SpA's Days Payable for the six months ended in Dec. 2025 was 243.42.

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

MIL:ADV' s Days Payable Range Over the Past 10 Years
Min: 118.89   Med: 376.47   Max: 665.05
Current: 238.97

During the past 4 years, Adventure SpA's highest Days Payable was 665.05. The lowest was 118.89. And the median was 376.47.

MIL:ADV's Days Payable is ranked better than
86.05% of 2602 companies
in the Software industry
Industry Median: 53.955 vs MIL:ADV: 238.97

Adventure SpA's Days Payable declined from Dec. 2024 (676.90) to Dec. 2025 (243.42). It may suggest that Adventure SpA accelerated paying its suppliers.


Adventure SpA Days Payable Historical Data

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The historical data trend for Adventure 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.

Adventure SpA Days Payable Chart

Adventure SpA Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Days Payable
118.89 511.46 665.05 241.48

Adventure SpA Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable Get a 7-Day Free Trial 0.00 651.06 676.90 230.93 243.42

MIL:ADV vs CRM, SHOP, UBER: Days Payable Comparison

For the Software - Application subindustry, Adventure 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.


Adventure SpA Days Payable vs Software Industry

For the Software industry and Technology sector, Adventure SpA's Days Payable distribution charts can be found below:

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


MIL:ADV
15GF Score
Adventure SpA MIL:ADV
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Adventure 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.

Adventure SpA's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (1.721 + 2.709) / 2 ) / 3.348*365
=2.215 / 3.348*365
=241.48

Adventure SpA's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (2.146 + 2.709) / 2 ) / 1.82*365 / 2
=2.4275 / 1.82*365 / 2
=243.42

* 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 243.42 mean?
Adventure SpA (MIL:ADV) has a Days Payable of 243.42 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Adventure SpA and its competitors. This is 35% below median its historical median of 376.47. Over the past decade, Adventure SpA's Days Payable has ranged from 118.89 to 665.05. According to the industry distribution chart, Adventure SpA ranks #363 out of 2602 companies in the Software industry, placing it in the top 14%.
Is Adventure SpA's Days Payable too high?
Adventure SpA's current Days Payable of 243.42 is 35% below median its 10-year median of 376.47. Over the past 10 years, this metric has ranged from a low of 118.89 to a high of 665.05. The Software industry median Days Payable is 53.96. Adventure SpA's value of 243.42 is 351.2% above this industry median. Based on the distribution chart, Adventure SpA ranks #363 out of 2602 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Adventure SpA has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Adventure SpA's Days Payable compare to CRM and SHOP?
According to the Software industry distribution chart, Adventure SpA ranks #363 out of 2602 companies for Days Payable. This places Adventure SpA in the top 14% of its industry — outperforming the majority of peers. The industry median Days Payable is 53.96. Adventure SpA's value of 243.42 is 351.2% above this benchmark. Historically, Adventure SpA's own Days Payable has ranged from 118.89 to 665.05 over the past decade. While the company's 10-year median is 376.47 vs. the industry median of 53.96, Adventure SpA has consistently been above 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 Software company?
The median Days Payable among Software companies is 53.96, based on 2,602 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. Adventure SpA's current Days Payable of 243.42 is 351.2% above 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 Adventure SpA and its competitors. For the Software industry, the median Days Payable is 53.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adventure SpA's current Days Payable is 243.42, which is 35% below median its own 10-year median of 376.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventure SpA stock overvalued right now?
Adventure SpA (MIL:ADV) has a current Days Payable of 243.42. The current Days Payable is 243.42, which is 35% below median its 10-year median of 376.47 and 351.2% above the Software industry median of 53.96. Adventure SpA's overall GF Score™ is 15/100 with 6 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 Adventure SpA (MIL:ADV), the current Days Payable is 243.42 as of Dec. 2025. 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.

Adventure SpA Business Description

Address Via Bertola 2, Torino, ITA, IT-10121
Adventure SpA operates as an online rate comparison platform. The company is engaged in providing carious services that includes lead generation solutions, Advertising solutions, Web development solutions, operational efficiency improvement, and others. The core business of the company is through the portal ameconviene.it a website dedicated to providing consumers with in-depth and up-to-date services and information on tracking the value for its finances, with a focus on home savings, investments, and smart financial choices.
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