RedFish LongTerm Capital SpA (MIL:RFLTC) Days Payable : 121.60 (As of Jun. 2024)

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What is RedFish LongTerm Capital SpA Days Payable?

RedFish LongTerm Capital SpA's average Accounts Payable for the six months ended in Jun. 2024 was €11.67 Mil. RedFish LongTerm Capital SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €17.52 Mil. Hence, RedFish LongTerm Capital SpA's Days Payable for the six months ended in Jun. 2024 was 121.60.

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

MIL:RFLTC' s Days Payable Range Over the Past 10 Years
Min: 94.92 Med: 259.42 Max: 313.4
Current: 123.07

During the past 3 years, RedFish LongTerm Capital SpA's highest Days Payable was 313.40. The lowest was 94.92. And the median was 259.42.

MIL:RFLTC's Days Payable is ranked better than
63.6% of 456 companies
in the Asset Management industry
Industry Median: 72.135 vs MIL:RFLTC: 123.07

RedFish LongTerm Capital SpA's Days Payable declined from Jun. 2023 (151.82) to Jun. 2024 (121.60). It may suggest that RedFish LongTerm Capital SpA accelerated paying its suppliers.

RedFish LongTerm Capital SpA Days Payable Historical Data

The historical data trend for RedFish LongTerm Capital 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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RedFish LongTerm Capital SpA Days Payable Chart

RedFish LongTerm Capital SpA Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

313.40

259.42

94.92

RedFish LongTerm Capital SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			93.89	-	151.82	108.21	121.60

Competitive Comparison of RedFish LongTerm Capital SpA's Days Payable

For the Asset Management subindustry, RedFish LongTerm Capital 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.

RedFish LongTerm Capital SpA's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RedFish LongTerm Capital SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where RedFish LongTerm Capital SpA's Days Payable falls into.

RedFish LongTerm Capital 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.

RedFish LongTerm Capital 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
=	( (0.439	+	7.65)	/	2 )	/	15.552	*	365
=	4.0445					/	15.552	*	365
=	94.92

RedFish LongTerm Capital 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
=	( (7.65	+	15.698)	/	2 )	/	17.52	*	365 / 2
=	11.674					/	17.52	*	365 / 2
=	121.60

RedFish LongTerm Capital SpA Days Payable Related Terms

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RedFish LongTerm Capital SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RedFish LongTerm Capital SpA (MIL:RFLTC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HN5:Germany

Address

Via del Carmine, 11, Milano, ITA, 20121

Website

https://longterm.redfish.capital

RedFish LongTerm Capital SpA is an industrial holding company specializing in the acquisition of shares in family-run Italian SMEs. The company acquires qualified minority or majority shareholdings with the intention of maintaining these investments over a long period of time, either through its investment or through club deal structures, with the involvement of other investors. The role of the company in the ecosystem of its subsidiaries is to support them in increasing some critical areas by providing them with support services to managers for the financial side, management control and debt optimization, but above all advisory services for the acquisition of Target Companies in order to pursue the development plan for external lines.

RedFish LongTerm Capital SpA Headlines

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