Newlat Food SpA (MIL:NWL) Days Payable : 95.03 (As of Dec. 2023)

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What is Newlat Food SpA Days Payable?

Newlat Food SpA's average Accounts Payable for the three months ended in Dec. 2023 was €171.0 Mil. Newlat Food SpA's Cost of Goods Sold for the three months ended in Dec. 2023 was €164.2 Mil. Hence, Newlat Food SpA's Days Payable for the three months ended in Dec. 2023 was 95.03.

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

MIL:NWL' s Days Payable Range Over the Past 10 Years
Min: 101.51 Med: 123.91 Max: 136.94
Current: 101.78

During the past 8 years, Newlat Food SpA's highest Days Payable was 136.94. The lowest was 101.51. And the median was 123.91.

MIL:NWL's Days Payable is ranked better than
82.83% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.835 vs MIL:NWL: 101.78

Newlat Food SpA's Days Payable declined from Dec. 2022 (99.77) to Dec. 2023 (95.03). It may suggest that Newlat Food SpA accelerated paying its suppliers.

Newlat Food SpA Days Payable Historical Data

The historical data trend for Newlat 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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Newlat Food SpA Days Payable Chart

Newlat Food SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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126.96

116.83

136.92

111.96

101.51

Newlat Food SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															99.46	103.14	104.19	95.03	94.01

Competitive Comparison of Newlat Food SpA's Days Payable

For the Packaged Foods subindustry, Newlat 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.

Newlat Food SpA's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Newlat Food SpA's Days Payable distribution charts can be found below:

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

Newlat 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.

Newlat 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
=	( (193.776	+	171.198)	/	2 )	/	656.186	*	365
=	182.487					/	656.186	*	365
=	101.51

Newlat Food 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
=	( (170.86	+	171.198)	/	2 )	/	164.218	*	365 / 4
=	171.029					/	164.218	*	365 / 4
=	95.03

Newlat Food SpA Days Payable Related Terms

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Newlat Food SpA (MIL:NWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Newlat Food SpA (MIL:NWL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6NF:Germany

Address

Via JF Kennedy 16, Reggio Emilia, ITA, 42124

Website

https://www.newlat.it

Newlat Food SpA is an Italy-based agro-food company. It is engaged in the processing, packaging, sale, and distribution of food and beverages. The company has various operating segments which include Pasta, Milk Products, Bakery Products, Dairy Products, Special Products, Instant noodles, and Other activities. The company operates in Italy, Germany, and other countries.