Recordati SpA (MIL:REC) Days Payable : 143.15 (As of Sep. 2024)

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What is Recordati SpA Days Payable?

Recordati SpA's average Accounts Payable for the three months ended in Sep. 2024 was €270 Mil. Recordati SpA's Cost of Goods Sold for the three months ended in Sep. 2024 was €172 Mil. Hence, Recordati SpA's Days Payable for the three months ended in Sep. 2024 was 143.15.

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

MIL:REC' s Days Payable Range Over the Past 10 Years
Min: 116.91 Med: 130.97 Max: 142.23
Current: 135.43

During the past 13 years, Recordati SpA's highest Days Payable was 142.23. The lowest was 116.91. And the median was 130.97.

MIL:REC's Days Payable is ranked better than
71.64% of 952 companies
in the Drug Manufacturers industry
Industry Median: 85.205 vs MIL:REC: 135.43

Recordati SpA's Days Payable increased from Sep. 2023 (127.99) to Sep. 2024 (143.15). It may suggest that Recordati SpA delayed paying its suppliers.

Recordati SpA Days Payable Historical Data

The historical data trend for Recordati 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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Recordati SpA Days Payable Chart

Recordati SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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142.23

137.98

132.28

129.65

135.19

Recordati SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															127.99	139.35	131.08	131.44	143.15

Competitive Comparison of Recordati SpA's Days Payable

For the Drug Manufacturers - General subindustry, Recordati 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.

Recordati SpA's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Recordati SpA's Days Payable distribution charts can be found below:

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

Recordati 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.

Recordati 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
=	( (224.703	+	263.979)	/	2 )	/	659.707	*	365
=	244.341					/	659.707	*	365
=	135.19

Recordati SpA's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (263.648	+	276.907)	/	2 )	/	172.29	*	365 / 4
=	270.2775					/	172.29	*	365 / 4
=	143.15

Recordati SpA Days Payable Related Terms

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Recordati SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Recordati SpA (MIL:REC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RICFY:USA RECm:UK 0KBS:UK RER1:Germany RER1:Germany REC:Austria

Address

Via Matteo Civitali 1, MIlan, ITA, 20148

Website

https://www.recordati.com

Recordati SpA is a drug manufacturing company that focuses on specialty pharmaceuticals. The company produces and promotes medicines globally that focus on primary-care therapies and rare diseases. Recordati uses strategic partnerships as part of its long-term growth. The vast majority of the company's revenue is generated in Italy, followed by the United States, France, and Germany. Recordati reports two operating segments: Specialty and Primary care and Rare diseases. The bulk of the company's profit is derived from its specialty and primary care segment which includes the production of active ingredients.