Confinvest FL SpA (MIL:CFV) Days Payable : 3.19 (As of Dec. 2023)

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What is Confinvest FL SpA Days Payable?

Confinvest FL SpA's average Accounts Payable for the six months ended in Dec. 2023 was €0.35 Mil. Confinvest FL SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €19.75 Mil. Hence, Confinvest FL SpA's Days Payable for the six months ended in Dec. 2023 was 3.19.

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

MIL:CFV' s Days Payable Range Over the Past 10 Years
Min: 1.65 Med: 2.13 Max: 3.62
Current: 2.79

During the past 7 years, Confinvest FL SpA's highest Days Payable was 3.62. The lowest was 1.65. And the median was 2.13.

MIL:CFV's Days Payable is ranked worse than
93.68% of 522 companies
in the Capital Markets industry
Industry Median: 110.325 vs MIL:CFV: 2.79

Confinvest FL SpA's Days Payable increased from Dec. 2022 (1.99) to Dec. 2023 (3.19). It may suggest that Confinvest FL SpA delayed paying its suppliers.

Confinvest FL SpA Days Payable Historical Data

The historical data trend for Confinvest FL 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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Confinvest FL SpA Days Payable Chart

Confinvest FL SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2.18

1.94

2.31

1.65

3.62

Confinvest FL SpA Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								2.73	1.04	1.99	1.55	3.19

Competitive Comparison of Confinvest FL SpA's Days Payable

For the Capital Markets subindustry, Confinvest FL 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.

Confinvest FL SpA's Days Payable Distribution in the Capital Markets Industry

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

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

Confinvest FL 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.

Confinvest FL 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
=	( (0.201	+	0.568)	/	2 )	/	38.789	*	365
=	0.3845					/	38.789	*	365
=	3.62

Confinvest FL 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
=	( (0.122	+	0.568)	/	2 )	/	19.749	*	365 / 2
=	0.345					/	19.749	*	365 / 2
=	3.19

Confinvest FL SpA Days Payable Related Terms

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Confinvest FL SpA (MIL:CFV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Confinvest FL SpA (MIL:CFV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via della Posta, 8 - Piazza Affari, Milan, ITA, 20123

Website

https://www.confinvest.it

Confinvest FL SpA operates in the Italian physical investment gold market. It offers various solutions and services such as daily prices of gold, physical gold custody service, accumulation plan in physical gold and others.