Racing Force SpA (MIL:RFG) Days Payable : 191.49 (As of Dec. 2024)

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What is Racing Force SpA Days Payable?

Racing Force SpA's average Accounts Payable for the six months ended in Dec. 2024 was €11.70 Mil. Racing Force SpA's Cost of Goods Sold for the six months ended in Dec. 2024 was €11.16 Mil. Hence, Racing Force SpA's Days Payable for the six months ended in Dec. 2024 was 191.49.

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

MIL:RFG' s Days Payable Range Over the Past 10 Years
Min: 169.67 Med: 188.35 Max: 205.83
Current: 169.67

During the past 5 years, Racing Force SpA's highest Days Payable was 205.83. The lowest was 169.67. And the median was 188.35.

MIL:RFG's Days Payable is ranked better than
80.91% of 749 companies
in the Travel & Leisure industry
Industry Median: 57.1 vs MIL:RFG: 169.67

Racing Force SpA's Days Payable declined from Dec. 2023 (228.00) to Dec. 2024 (191.49). It may suggest that Racing Force SpA accelerated paying its suppliers.

Racing Force SpA Days Payable Historical Data

The historical data trend for Racing Force 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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Racing Force SpA Days Payable Chart

Racing Force SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

205.83

171.91

190.83

188.35

172.50

Racing Force SpA Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial					207.34	157.89	228.00	150.34	191.49

Competitive Comparison of Racing Force SpA's Days Payable

For the Leisure subindustry, Racing Force 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.

Racing Force SpA's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Racing Force SpA's Days Payable distribution charts can be found below:

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

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Racing Force 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.

Racing Force SpA's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (12.338	+	11.892)	/	2 )	/	25.634	*	365
=	12.115					/	25.634	*	365
=	172.50

Racing Force SpA's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (11.517	+	11.892)	/	2 )	/	11.155	*	365 / 2
=	11.7045					/	11.155	*	365 / 2
=	191.49

Racing Force SpA Days Payable Related Terms

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Racing Force SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Racing Force SpA (MIL:RFG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ALRFG:France X7Q:Germany

Address

via Bazzano 5, Ronco Scrivia, Genoa, ITA, 16019

Website

https://www.racingforce.com

Racing Force SpA operates in the production of safety equipment for the racing and motorsports industry or conducts essentially complementary business activities. Its product range spans from suits, gloves, shoes, seats, harnesses, helmets, rollbars, racing nets, steering wheels, fire extinguisher systems, and intercoms, to other accessories strictly related to the motorsport industry.