Destination Italia SpA (MIL:DIT) Days Payable : 53.31 (As of Dec. 2023)

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What is Destination Italia SpA Days Payable?

Destination Italia SpA's average Accounts Payable for the six months ended in Dec. 2023 was €9.55 Mil. Destination Italia SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €32.69 Mil. Hence, Destination Italia SpA's Days Payable for the six months ended in Dec. 2023 was 53.31.

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

MIL:DIT' s Days Payable Range Over the Past 10 Years
Min: 21.98 Med: 53.42 Max: 154.95
Current: 52.76

During the past 5 years, Destination Italia SpA's highest Days Payable was 154.95. The lowest was 21.98. And the median was 53.42.

MIL:DIT's Days Payable is ranked worse than
53.17% of 756 companies
in the Travel & Leisure industry
Industry Median: 57.71 vs MIL:DIT: 52.76

Destination Italia SpA's Days Payable increased from Dec. 2022 (17.50) to Dec. 2023 (53.31). It may suggest that Destination Italia SpA delayed paying its suppliers.

Destination Italia SpA Days Payable Historical Data

The historical data trend for Destination Italia 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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Destination Italia SpA Days Payable Chart

Destination Italia SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

34.55

154.95

55.28

21.98

53.42

Destination Italia SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				29.61	40.70	17.50	50.57	53.31

Competitive Comparison of Destination Italia SpA's Days Payable

For the Travel Services subindustry, Destination Italia 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.

Destination Italia SpA's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Destination Italia SpA's Days Payable distribution charts can be found below:

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

Destination Italia 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.

Destination Italia 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
=	( (1.81	+	12.304)	/	2 )	/	48.217	*	365
=	7.057					/	48.217	*	365
=	53.42

Destination Italia 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
=	( (6.794	+	12.304)	/	2 )	/	32.692	*	365 / 2
=	9.549					/	32.692	*	365 / 2
=	53.31

Destination Italia SpA Days Payable Related Terms

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Destination Italia SpA (MIL:DIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Destination Italia SpA (MIL:DIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via del Don, 3, Milan, ITA, 20123

Website

https://www.destinationitalia.com

Destination Italia SpA is an Italian company serving the travel needs of people. It helps travelers make their trip to Italy unforgettable, offering unique itineraries and experiences in every corner of the beautiful country, from big cities to villages, from food and wine tourism to cultural holidays.