Civitanavi Systems SpA (MIL:CNS) Days Payable : 157.16 (As of Dec. 2023)

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What is Civitanavi Systems SpA Days Payable?

Civitanavi Systems SpA's average Accounts Payable for the six months ended in Dec. 2023 was €6.32 Mil. Civitanavi Systems SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €7.34 Mil. Hence, Civitanavi Systems SpA's Days Payable for the six months ended in Dec. 2023 was 157.16.

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

MIL:CNS' s Days Payable Range Over the Past 10 Years
Min: 75.43 Med: 115.48 Max: 212.39
Current: 145.96

During the past 7 years, Civitanavi Systems SpA's highest Days Payable was 212.39. The lowest was 75.43. And the median was 115.48.

MIL:CNS's Days Payable is ranked better than
83.85% of 2427 companies
in the Hardware industry
Industry Median: 68.09 vs MIL:CNS: 145.96

Civitanavi Systems SpA's Days Payable increased from Dec. 2022 (119.90) to Dec. 2023 (157.16). It may suggest that Civitanavi Systems SpA delayed paying its suppliers.

Civitanavi Systems SpA Days Payable Historical Data

The historical data trend for Civitanavi Systems 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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Civitanavi Systems SpA Days Payable Chart

Civitanavi Systems SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.19

75.43

194.44

212.39

139.46

Civitanavi Systems SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				158.78	435.90	119.90	143.05	157.16

Competitive Comparison of Civitanavi Systems SpA's Days Payable

For the Scientific & Technical Instruments subindustry, Civitanavi Systems 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.

Civitanavi Systems SpA's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Civitanavi Systems SpA's Days Payable distribution charts can be found below:

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

Civitanavi Systems 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.

Civitanavi Systems 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
=	( (7.516	+	5.319)	/	2 )	/	16.796	*	365
=	6.4175					/	16.796	*	365
=	139.46

Civitanavi Systems 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
=	( (7.314	+	5.319)	/	2 )	/	7.335	*	365 / 2
=	6.3165					/	7.335	*	365 / 2
=	157.16

Civitanavi Systems SpA Days Payable Related Terms

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Civitanavi Systems SpA (MIL:CNS) Business Description

Industry

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D0R:Germany

Address

Via del Progresso 5, Pedaso, ITA, 63827

Website

https://www.civitanavi.com

Civitanavi Systems SpA is engaged in the design, development, and manufacture of high-tech solutions for Inertial Navigation, Geo Reference, and Stabilization systems for both industrial and defence use.