Next Re SIIQ SpA (MIL:NR) Days Payable : 342.00 (As of Jun. 2024)

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What is Next Re SIIQ SpA Days Payable?

Next Re SIIQ SpA's average Accounts Payable for the six months ended in Jun. 2024 was €1.15 Mil. Next Re SIIQ SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €0.62 Mil. Hence, Next Re SIIQ SpA's Days Payable for the six months ended in Jun. 2024 was 342.00.

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

MIL:NR' s Days Payable Range Over the Past 10 Years
Min: 100.46 Med: 295.33 Max: 582.91
Current: 331.16

During the past 13 years, Next Re SIIQ SpA's highest Days Payable was 582.91. The lowest was 100.46. And the median was 295.33.

MIL:NR's Days Payable is ranked better than
81.04% of 559 companies
in the REITs industry
Industry Median: 111.76 vs MIL:NR: 331.16

Next Re SIIQ SpA's Days Payable declined from Jun. 2023 (357.36) to Jun. 2024 (342.00). It may suggest that Next Re SIIQ SpA accelerated paying its suppliers.

Next Re SIIQ SpA Days Payable Historical Data

The historical data trend for Next Re SIIQ 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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Next Re SIIQ SpA Days Payable Chart

Next Re SIIQ SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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582.91

359.43

160.10

231.22

409.17

Next Re SIIQ SpA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															259.86	232.55	357.36	338.41	342.00

Competitive Comparison of Next Re SIIQ SpA's Days Payable

For the REIT - Retail subindustry, Next Re SIIQ 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.

Next Re SIIQ SpA's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Next Re SIIQ SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where Next Re SIIQ SpA's Days Payable falls into.

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Next Re SIIQ 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.

Next Re SIIQ 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
=	( (1.654	+	1.227)	/	2 )	/	1.285	*	365
=	1.4405					/	1.285	*	365
=	409.17

Next Re SIIQ 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
=	( (1.227	+	1.078)	/	2 )	/	0.615	*	365 / 2
=	1.1525					/	0.615	*	365 / 2
=	342.00

Next Re SIIQ SpA Days Payable Related Terms

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Next Re SIIQ SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Next Re SIIQ SpA (MIL:NR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Zara, no. 28, Rome, ITA, 00198

Website

https://www.nextresiiq.it

Next Re SIIQ SpA is a real estate company. It is focused on investment in and enhancement of high-quality real estate rental assets located in the main Italian cities and diversified by office and retail segments. The company y manages a portfolio consisting of office, hotel, and commercial properties and is focused on asset classes that are aimed to meet the needs of new patterns and styles of real estate use, which reflect the economy and society's characteristics of access, utility, and experience. The categories engaged to look at Life-cycle Living & Hospitality, Leisure & Wellness, Smart Office Space, and Omnichannel Retail & Distribution.

Next Re SIIQ SpA Headlines

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