Cofle SpA (MIL:CFL) Days Payable : 92.06 (As of Dec. 2023)

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What is Cofle SpA Days Payable?

Cofle SpA's average Accounts Payable for the six months ended in Dec. 2023 was €8.78 Mil. Cofle SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €17.41 Mil. Hence, Cofle SpA's Days Payable for the six months ended in Dec. 2023 was 92.06.

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

MIL:CFL' s Days Payable Range Over the Past 10 Years
Min: 83.25 Med: 92.76 Max: 98.62
Current: 88.69

During the past 5 years, Cofle SpA's highest Days Payable was 98.62. The lowest was 83.25. And the median was 92.76.

MIL:CFL's Days Payable is ranked better than
67.22% of 1260 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs MIL:CFL: 88.69

Cofle SpA's Days Payable increased from Dec. 2022 (88.03) to Dec. 2023 (92.06). It may suggest that Cofle SpA delayed paying its suppliers.

Cofle SpA Days Payable Historical Data

The historical data trend for Cofle 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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Cofle SpA Days Payable Chart

Cofle SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

83.25

98.62

92.76

94.91

89.49

Cofle SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				102.29	90.98	88.03	84.60	92.06

Competitive Comparison of Cofle SpA's Days Payable

For the Auto Parts subindustry, Cofle 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.

Cofle SpA's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cofle SpA's Days Payable distribution charts can be found below:

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

Cofle 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.

Cofle 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
=	( (8.092	+	9.163)	/	2 )	/	35.19	*	365
=	8.6275					/	35.19	*	365
=	89.49

Cofle SpA's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8.396	+	9.163)	/	2 )	/	17.405	*	365 / 2
=	8.7795					/	17.405	*	365 / 2
=	92.06

Cofle SpA Days Payable Related Terms

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Cofle SpA (MIL:CFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cofle SpA (MIL:CFL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

Y9A:Germany

Address

Via del Ghezzo, 54, Trezzo sullAdda, ITA, 20056

Website

https://www.cofle.com

Cofle SpA designs, produces and sells worldwide control cables and remote control systems for the off-road vehicle, automotive, and automotive after-market sectors. It has two divisions: the Original Equipment Manufacturer (OEM) division through which it manufactures a wide range of highly customized products for customers who install the components on the products sold: through its products, the group deals with customers operating in the agricultural sector, earth-moving and commercial vehicles, and the premium automotive sector; and the After Market (AM) division which manufactures Cofle-branded components such as control cables, brake hoses or EPBs with the same quality as the original for the automotive sector.

Cofle SpA (MIL:CFL) Headlines

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