Convergenze SpA (MIL:CVG) Days Payable : 63.63 (As of Dec. 2023)

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What is Convergenze SpA Days Payable?

Convergenze SpA's average Accounts Payable for the six months ended in Dec. 2023 was €3.06 Mil. Convergenze SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €8.78 Mil. Hence, Convergenze SpA's Days Payable for the six months ended in Dec. 2023 was 63.63.

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

MIL:CVG' s Days Payable Range Over the Past 10 Years
Min: 46.81 Med: 83.94 Max: 98.63
Current: 63.61

During the past 6 years, Convergenze SpA's highest Days Payable was 98.63. The lowest was 46.81. And the median was 83.94.

MIL:CVG's Days Payable is ranked worse than
66.86% of 347 companies
in the Telecommunication Services industry
Industry Median: 105.28 vs MIL:CVG: 63.61

Convergenze SpA's Days Payable increased from Dec. 2022 (37.05) to Dec. 2023 (63.63). It may suggest that Convergenze SpA delayed paying its suppliers.

Convergenze SpA Days Payable Historical Data

The historical data trend for Convergenze 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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Convergenze SpA Days Payable Chart

Convergenze SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.53

98.63

88.35

46.81

66.63

Convergenze SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						73.09	55.78	37.05	60.36	63.63

Competitive Comparison of Convergenze SpA's Days Payable

For the Telecom Services subindustry, Convergenze 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.

Convergenze SpA's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Convergenze SpA's Days Payable distribution charts can be found below:

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

Convergenze 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.

Convergenze 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
=	( (2.466	+	3.532)	/	2 )	/	16.428	*	365
=	2.999					/	16.428	*	365
=	66.63

Convergenze 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
=	( (2.592	+	3.532)	/	2 )	/	8.782	*	365 / 2
=	3.062					/	8.782	*	365 / 2
=	63.63

Convergenze SpA Days Payable Related Terms

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Convergenze SpA (MIL:CVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Convergenze SpA (MIL:CVG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Magna Graecia 136, Capaccio Paestum, Salerno, ITA, 84047

Website

https://www.convergenze.it

Convergenze SpA is engaged in providing telecommunication services. The company wireless internet services, mobile calling and data services, television subscription services, voice call services, and other related services.