High Quality Food SpA (MIL:HQF) Days Payable : 103.01 (As of Jun. 2024)

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What is High Quality Food SpA Days Payable?

High Quality Food SpA's average Accounts Payable for the six months ended in Jun. 2024 was €4.14 Mil. High Quality Food SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €7.33 Mil. Hence, High Quality Food SpA's Days Payable for the six months ended in Jun. 2024 was 103.01.

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

MIL:HQF' s Days Payable Range Over the Past 10 Years
Min: 78.63 Med: 83.84 Max: 103.94
Current: 103.94

During the past 4 years, High Quality Food SpA's highest Days Payable was 103.94. The lowest was 78.63. And the median was 83.84.

MIL:HQF's Days Payable is ranked better than
91.18% of 306 companies
in the Retail - Defensive industry
Industry Median: 45.105 vs MIL:HQF: 103.94

High Quality Food SpA's Days Payable declined from Jun. 2023 (106.18) to Jun. 2024 (103.01). It may suggest that High Quality Food SpA accelerated paying its suppliers.

High Quality Food SpA Days Payable Historical Data

The historical data trend for High Quality Food 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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High Quality Food SpA Days Payable Chart

High Quality Food SpA Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Days Payable

78.63

89.05

96.48

High Quality Food SpA Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial			65.47	106.18	95.12	103.01	96.16

Competitive Comparison of High Quality Food SpA's Days Payable

For the Food Distribution subindustry, High Quality Food 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.

High Quality Food SpA's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, High Quality Food SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where High Quality Food SpA's Days Payable falls into.

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High Quality Food 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.

High Quality Food 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
=	( (3.664	+	4.052)	/	2 )	/	15.814	*	365
=	3.858					/	15.814	*	365
=	89.05

High Quality Food 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
=	( (4.052	+	4.218)	/	2 )	/	7.326	*	365 / 2
=	4.135					/	7.326	*	365 / 2
=	103.01

High Quality Food SpA Days Payable Related Terms

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High Quality Food SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » High Quality Food SpA (MIL:HQF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via di Pietralata, 179, Rome, ITA, 00158

Website

https://www.hqf.it

High Quality Food SpA specializes in producing and marketing food products mainly for the hotel and restaurant sectors. It offers meats, charcuterie products, cheese products, fish and seafood products, fresh fruits and vegetables, bakery products, pasta, rice and cereals, oil, sauces and condiments, canned and tinned products, etc. The company also sells accessories for the catering industry such as vacuum packing, bamboo skewers, packaging, etc. Geographically, the company derives a majority of its revenue from Italy and the rest from other parts of Europe, and other countries.

High Quality Food SpA Headlines

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