ELSA Solutions SpA (MIL:ELSA) Days Payable : 127.00 (As of Dec. 2023)

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What is ELSA Solutions SpA Days Payable?

ELSA Solutions SpA's average Accounts Payable for the six months ended in Dec. 2023 was €5.11 Mil. ELSA Solutions SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €14.68 Mil. Hence, ELSA Solutions SpA's Days Payable for the six months ended in Dec. 2023 was 63.50.

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

MIL:ELSA' s Days Payable Range Over the Past 10 Years
Min: 127 Med: 155.29 Max: 180.76
Current: 127

During the past 3 years, ELSA Solutions SpA's highest Days Payable was 180.76. The lowest was 127.00. And the median was 155.29.

MIL:ELSA's Days Payable is ranked better than
71.78% of 2934 companies
in the Industrial Products industry
Industry Median: 76.415 vs MIL:ELSA: 127.00

ELSA Solutions SpA's Days Payable declined from Dec. 2021 (180.76) to Dec. 2023 (127.00). It may suggest that ELSA Solutions SpA accelerated paying its suppliers.

ELSA Solutions SpA Days Payable Historical Data

The historical data trend for ELSA Solutions 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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ELSA Solutions SpA Days Payable Chart

ELSA Solutions SpA Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

180.76

155.29

127.00

ELSA Solutions SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Days Payable	180.76	155.29	127.00

Competitive Comparison of ELSA Solutions SpA's Days Payable

For the Specialty Industrial Machinery subindustry, ELSA Solutions 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.

ELSA Solutions SpA's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ELSA Solutions SpA's Days Payable distribution charts can be found below:

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

ELSA Solutions 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.

ELSA Solutions 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
=	( (5.813	+	4.404)	/	2 )	/	14.682	*	365
=	5.1085					/	14.682	*	365
=	127.00

ELSA Solutions 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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.813	+	4.404)	/	2 )	/	14.682	*	365 / 2
=	5.1085					/	14.682	*	365 / 2
=	63.50

ELSA Solutions SpA Days Payable Related Terms

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ELSA Solutions SpA (MIL:ELSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ELSA Solutions SpA (MIL:ELSA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via P. Patarini 15, Imola, ITA, 40026

Website

https://www.elsaweb.it

ELSA Solutions SpA is a company engaged in in the motion control and special purpose batteries sector. It operates through two business lines: the E-Motion line, dedicated to the system integrator activity of industrial automation systems (motion control), with which it offers solutions and components for operation, management and the control of the movement of mechanical systems in the field of industrial automation and the movement of precision, and the Aliant line, dedicated to the assembly of special purpose battery systems, in particular lithium batteries and in the hydrogen systems sector in which the Company operates as an OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturing.

ELSA Solutions SpA (MIL:ELSA) Headlines

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