GEL SpA (MIL:GEL) Days Payable: 109.87 (As of Jun. 2024)


MIL:GEL GEL SpA MIL:GEL
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What is GEL SpA Days Payable?

GEL SpA MIL:GEL 25 Days Payable is 109.87 as of Jun. 2024. GuruFocus rates MIL:GEL with a GF Score™ of 25/100.

GEL SpA's average Accounts Payable for the six months ended in Jun. 2024 was €1.95 Mil. GEL SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €3.24 Mil. Hence, GEL SpA's Days Payable for the six months ended in Jun. 2024 was 109.87.

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

MIL:GEL's Days Payable is not ranked *
in the Industrial Products industry.
Industry Median: 78.08
* Ranked among companies with meaningful Days Payable only.

GEL SpA's Days Payable declined from Jun. 2023 (123.04) to Jun. 2024 (109.87). It may suggest that GEL SpA accelerated paying its suppliers.

GEL SpA Days Payable Historical Data

* Premium members only.

The historical data trend for GEL 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.

GEL SpA Days Payable Chart

GEL SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 155.69 130.65 141.13 120.23 107.41

GEL SpA Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 155.22 123.04 113.07 109.87 110.95

MIL:GEL vs VLTO, ZWS, FSS: Days Payable Comparison

For the Pollution & Treatment Controls subindustry, GEL 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.

GEL SpA Days Payable vs Industrial Products Industry

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

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


MIL:GEL
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GEL SpA MIL:GEL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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GEL 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.

GEL 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
=( (2.586 + 1.853) / 2 ) / 6.738*365
=2.2195 / 6.738*365
=120.23

GEL SpA's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (1.853 + 2.053) / 2 ) / 3.244*365 / 2
=1.953 / 3.244*365 / 2
=109.87

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 109.87 mean?
GEL SpA (MIL:GEL) has a Days Payable of 109.87 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on GEL SpA and its competitors.
Is GEL SpA's Days Payable too high?
GEL SpA's current Days Payable is 109.87. The Industrial Products industry median Days Payable is 78.08. GEL SpA's value of 109.87 is 40.7% above this industry median. Overall, GEL SpA has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does GEL SpA's Days Payable compare to VLTO and ZWS?
GEL SpA's Days Payable of 109.87 can be compared against companies in the Industrial Products industry. The industry median Days Payable is 78.08. GEL SpA's value of 109.87 is 40.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.08, based on 2,992 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GEL SpA's current Days Payable of 109.87 is 40.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on GEL SpA and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GEL SpA's current Days Payable is 109.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GEL SpA stock overvalued right now?
GEL SpA (MIL:GEL) has a current Days Payable of 109.87. The current Days Payable is 109.87 and 40.7% above the Industrial Products industry median of 78.08. GEL SpA's overall GF Score™ is 25/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For GEL SpA (MIL:GEL), the current Days Payable is 109.87 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

GEL SpA Business Description

Address Via Enzo Ferrari 1, Castelfidardo, ITA, 60022
GEL SpA is an Italian company engaged in the business of designing and manufacturing products to treat water. The company offers filters, disinfectants, softeners, dosers, mud removers, conditioners, and other water treatment products to its clients. In addition, it provides water treatment services for the following divisions; Medical, Food, and Mobile Installations. Desalination services and leachate treatment services are also provided by the company.
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