Promotica SpA (MIL:PMT) Days Payable : 109.57 (As of Jun. 2023)

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What is Promotica SpA Days Payable?

Promotica SpA's average Accounts Payable for the six months ended in Jun. 2023 was €19.19 Mil. Promotica SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €31.96 Mil. Hence, Promotica SpA's Days Payable for the six months ended in Jun. 2023 was 109.57.

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

MIL:PMT' s Days Payable Range Over the Past 10 Years
Min: 71.06 Med: 87.52 Max: 164.54
Current: 85.68

During the past 7 years, Promotica SpA's highest Days Payable was 164.54. The lowest was 71.06. And the median was 87.52.

MIL:PMT's Days Payable is ranked better than
70.93% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs MIL:PMT: 85.68

Promotica SpA's Days Payable increased from Jun. 2022 (73.25) to Jun. 2023 (109.57). It may suggest that Promotica SpA delayed paying its suppliers.

Promotica SpA Days Payable Historical Data

The historical data trend for Promotica 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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Promotica SpA Days Payable Chart

Promotica SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.06

82.44

152.73

71.06

80.59

Promotica SpA Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						125.22	73.25	80.67	109.57	73.14

Competitive Comparison of Promotica SpA's Days Payable

For the Consulting Services subindustry, Promotica 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.

Promotica SpA's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Promotica SpA's Days Payable distribution charts can be found below:

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

Promotica 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.

Promotica SpA's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (14.27	+	18.104)	/	2 )	/	83.139	*	365
=	16.187					/	83.139	*	365
=	71.06

Promotica SpA's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (18.104	+	20.269)	/	2 )	/	31.956	*	365 / 2
=	19.1865					/	31.956	*	365 / 2
=	109.57

Promotica SpA Days Payable Related Terms

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Promotica SpA (MIL:PMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Promotica SpA (MIL:PMT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Generale dalla Chiesa, 1, Desenzano del Garda (BS), ITA, 25015

Website

https://www.promotica.it

Promotica SpA offers a complete consulting service for promotional planning and development, managing them at each phase from planning of promotional operations, implementation of the communication campaign, procurement of prizes, logistics services, data monitoring to finally measurement of results.