Cairo Communication SpA (MIL:CAI) Days Payable : 187.01 (As of Mar. 2024)

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What is Cairo Communication SpA Days Payable?

Cairo Communication SpA's average Accounts Payable for the three months ended in Mar. 2024 was €278 Mil. Cairo Communication SpA's Cost of Goods Sold for the three months ended in Mar. 2024 was €136 Mil. Hence, Cairo Communication SpA's Days Payable for the three months ended in Mar. 2024 was 187.01.

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

MIL:CAI' s Days Payable Range Over the Past 10 Years
Min: 144.12 Med: 178.25 Max: 255.48
Current: 182.24

During the past 13 years, Cairo Communication SpA's highest Days Payable was 255.48. The lowest was 144.12. And the median was 178.25.

MIL:CAI's Days Payable is ranked better than
75.65% of 924 companies
in the Media - Diversified industry
Industry Median: 81.555 vs MIL:CAI: 182.24

Cairo Communication SpA's Days Payable declined from Mar. 2023 (189.60) to Mar. 2024 (187.01). It may suggest that Cairo Communication SpA accelerated paying its suppliers.

Cairo Communication SpA Days Payable Historical Data

The historical data trend for Cairo Communication 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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Cairo Communication SpA Days Payable Chart

Cairo Communication SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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145.54

169.60

168.20

176.89

179.61

Cairo Communication SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															189.60	156.05	191.50	178.83	187.01

Competitive Comparison of Cairo Communication SpA's Days Payable

For the Advertising Agencies subindustry, Cairo Communication 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.

Cairo Communication SpA's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cairo Communication SpA's Days Payable distribution charts can be found below:

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

Cairo Communication 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.

Cairo Communication 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
=	( (307.1	+	278.1)	/	2 )	/	594.6	*	365
=	292.6					/	594.6	*	365
=	179.61

Cairo Communication SpA's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (278.1	+	0)	/	1 )	/	135.7	*	365 / 4
=	278.1					/	135.7	*	365 / 4
=	187.01

Cairo Communication SpA Days Payable Related Terms

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Cairo Communication SpA (MIL:CAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cairo Communication SpA (MIL:CAI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0N7I:UK CI1A:Germany

Address

Corso Magenta 55, Milan, ITA, 20123

Website

https://www.cairocommunication.it

Cairo Communication SpA is an Italian-based advertisement company. It is engaged in the business of media and publication. It carries out its activity through three communication platforms that include advertisement, publications, and the Internet. Publication activity is done by publishing periodicals, magazines, and books. It is a dealer for the sale of advertising space on various media platforms such as commercial television, paid digital television, print, and the Internet. It operates on the internet through its Trovatore search engine. Its segment includes magazine publishing Cairo Editore, advertising, TV publishing La7, network operator, and RCS.