Mit Sim SpA (MIL:MTS) Days Payable : 79.85 (As of Dec. 2023)

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What is Mit Sim SpA Days Payable?

Mit Sim SpA's average Accounts Payable for the six months ended in Dec. 2023 was €0.52 Mil. Mit Sim SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €1.19 Mil. Hence, Mit Sim SpA's Days Payable for the six months ended in Dec. 2023 was 79.85.

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

MIL:MTS' s Days Payable Range Over the Past 10 Years
Min: 113.2 Med: 127.85 Max: 299.89
Current: 117.38

During the past 5 years, Mit Sim SpA's highest Days Payable was 299.89. The lowest was 113.20. And the median was 127.85.

MIL:MTS's Days Payable is ranked better than
62.61% of 468 companies
in the Asset Management industry
Industry Median: 70.455 vs MIL:MTS: 117.38

Mit Sim SpA's Days Payable declined from Dec. 2022 (208.87) to Dec. 2023 (79.85). It may suggest that Mit Sim SpA accelerated paying its suppliers.

Mit Sim SpA Days Payable Historical Data

The historical data trend for Mit Sim 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.

* Premium members only.

Mit Sim SpA Days Payable Chart

Mit Sim SpA Annual Data

Trend

Mar19

Mar20

Dec21

Dec22

Dec23

Days Payable

299.89

127.85

113.20

Mit Sim SpA Semi-Annual Data
	Mar19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			272.84	99.14	208.87	248.39	79.85

Competitive Comparison of Mit Sim SpA's Days Payable

For the Asset Management subindustry, Mit Sim 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.

Mit Sim SpA's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mit Sim SpA's Days Payable distribution charts can be found below:

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

Mit Sim 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.

Mit Sim 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
=	( (0.461	+	0.506)	/	2 )	/	1.559	*	365
=	0.4835					/	1.559	*	365
=	113.20

Mit Sim 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
=	( (0.538	+	0.506)	/	2 )	/	1.193	*	365 / 2
=	0.522					/	1.193	*	365 / 2
=	79.85

Mit Sim SpA Days Payable Related Terms

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Mit Sim SpA (MIL:MTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mit Sim SpA (MIL:MTS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corso Venezia 16, Serbelloni Palace, Milan, ITA, 20121

Website

https://www.mitsim.it

Mit Sim SpA is involved in Specialist activities, Order Reception and Transmission Activities, Placement Activities, and Euronext Growth Advisor Activities.

Mit Sim SpA (MIL:MTS) Headlines

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