Fine Foods & Pharmaceuticals NTM SpA (MIL:FF) Days Payable : 58.79 (As of Dec. 2023)

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What is Fine Foods & Pharmaceuticals NTM SpA Days Payable?

Fine Foods & Pharmaceuticals NTM SpA's average Accounts Payable for the three months ended in Dec. 2023 was €31.5 Mil. Fine Foods & Pharmaceuticals NTM SpA's Cost of Goods Sold for the three months ended in Dec. 2023 was €49.0 Mil. Hence, Fine Foods & Pharmaceuticals NTM SpA's Days Payable for the three months ended in Dec. 2023 was 58.79.

The historical rank and industry rank for Fine Foods & Pharmaceuticals NTM SpA's Days Payable or its related term are showing as below:

MIL:FF' s Days Payable Range Over the Past 10 Years
Min: 45.15 Med: 71.8 Max: 4536.43
Current: 70.06

During the past 8 years, Fine Foods & Pharmaceuticals NTM SpA's highest Days Payable was 4536.43. The lowest was 45.15. And the median was 71.80.

MIL:FF's Days Payable is ranked better than
71.29% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs MIL:FF: 70.06

Fine Foods & Pharmaceuticals NTM SpA's Days Payable declined from Dec. 2022 (70.66) to Dec. 2023 (58.79). It may suggest that Fine Foods & Pharmaceuticals NTM SpA accelerated paying its suppliers.

Fine Foods & Pharmaceuticals NTM SpA Days Payable Historical Data

The historical data trend for Fine Foods & Pharmaceuticals NTM 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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Fine Foods & Pharmaceuticals NTM SpA Days Payable Chart

Fine Foods & Pharmaceuticals NTM SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.32

63.81

72.27

78.59

65.26

Fine Foods & Pharmaceuticals NTM SpA Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															70.66	74.52	79.32	73.34	58.79

Competitive Comparison of Fine Foods & Pharmaceuticals NTM SpA's Days Payable

For the Packaged Foods subindustry, Fine Foods & Pharmaceuticals NTM 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.

Fine Foods & Pharmaceuticals NTM SpA's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fine Foods & Pharmaceuticals NTM SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where Fine Foods & Pharmaceuticals NTM SpA's Days Payable falls into.

Fine Foods & Pharmaceuticals NTM 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.

Fine Foods & Pharmaceuticals NTM 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
=	( (33.45	+	32.369)	/	2 )	/	184.077	*	365
=	32.9095					/	184.077	*	365
=	65.26

Fine Foods & Pharmaceuticals NTM 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (30.724	+	32.369)	/	2 )	/	48.968	*	365 / 4
=	31.5465					/	48.968	*	365 / 4
=	58.79

Fine Foods & Pharmaceuticals NTM SpA Days Payable Related Terms

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Fine Foods & Pharmaceuticals NTM SpA (MIL:FF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fine Foods & Pharmaceuticals NTM SpA (MIL:FF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9S5:Germany

Address

Via Berlino, 39, Verdellino, Zingonia, Bergamo, ITA, 24040

Website

https://www.finefoods.it

Fine Foods & Pharmaceuticals NTM SpA is engaged in contract development and manufacturing of pharmaceuticals, nutraceuticals, and medical devices in solid oral forms. The company produces pharmaceutical products such as powders and granules, tablets, film tablets, and hard gelatin capsules, packed in sachets, blisters, and pillows.