Ecomembrane SpA (MIL:ECMB) Days Payable : 85.09 (As of Dec. 2023)

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What is Ecomembrane SpA Days Payable?

Ecomembrane SpA's average Accounts Payable for the six months ended in Dec. 2023 was €3.13 Mil. Ecomembrane SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €6.71 Mil. Hence, Ecomembrane SpA's Days Payable for the six months ended in Dec. 2023 was 85.09.

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

MIL:ECMB' s Days Payable Range Over the Past 10 Years
Min: 95.65 Med: 109.35 Max: 119.91
Current: 102.11

During the past 3 years, Ecomembrane SpA's highest Days Payable was 119.91. The lowest was 95.65. And the median was 109.35.

MIL:ECMB's Days Payable is ranked better than
80.49% of 369 companies
in the Packaging & Containers industry
Industry Median: 57.59 vs MIL:ECMB: 102.11

Ecomembrane SpA's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (85.09). It may suggest that Ecomembrane SpA delayed paying its suppliers.

Ecomembrane SpA Days Payable Historical Data

The historical data trend for Ecomembrane 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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Ecomembrane SpA Days Payable Chart

Ecomembrane SpA Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

109.35

95.65

119.91

Ecomembrane SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Days Payable	-	-	108.78	85.09

Competitive Comparison of Ecomembrane SpA's Days Payable

For the Packaging & Containers subindustry, Ecomembrane 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.

Ecomembrane SpA's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ecomembrane SpA's Days Payable distribution charts can be found below:

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

Ecomembrane 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.

Ecomembrane 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
=	( (2.316	+	4.392)	/	2 )	/	10.209	*	365
=	3.354					/	10.209	*	365
=	119.91

Ecomembrane 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
=	( (1.861	+	4.392)	/	2 )	/	6.706	*	365 / 2
=	3.1265					/	6.706	*	365 / 2
=	85.09

Ecomembrane SpA Days Payable Related Terms

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Ecomembrane SpA (MIL:ECMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ecomembrane SpA (MIL:ECMB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Pari Opportunita n. 9, Gadesco, Pieve Delmona, ITA, 26030

Website

https://www.ecomembrane.com

Ecomembrane SpA operates in the sector of design, sale and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2 and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has the most extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.

Ecomembrane SpA (MIL:ECMB) Headlines

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