Sicit Group SpA (MIL:SICT) Days Payable : 111.23 (As of Dec. 2020)

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What is Sicit Group SpA Days Payable?

Sicit Group SpA's average Accounts Payable for the six months ended in Dec. 2020 was €8.79 Mil. Sicit Group SpA's Cost of Goods Sold for the six months ended in Dec. 2020 was €14.42 Mil. Hence, Sicit Group SpA's Days Payable for the six months ended in Dec. 2020 was 111.23.

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

MIL:SICT's Days Payable is not ranked ^*
in the Agriculture industry.
Industry Median: 78.955
* Ranked among companies with meaningful Days Payable only.

Sicit Group SpA's Days Payable increased from Dec. 2019 (96.81) to Dec. 2020 (111.23). It may suggest that Sicit Group SpA delayed paying its suppliers.

Sicit Group SpA Days Payable Historical Data

The historical data trend for Sicit Group 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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Sicit Group SpA Days Payable Chart

Sicit Group SpA Annual Data

Trend

Dec16

Dec17

Jun18

Dec19

Dec20

Days Payable

68.75

4,684.41

38.17

86.19

Sicit Group SpA Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Days Payable	Get a 7-Day Free Trial			25.43	105.35	96.81	66.50	111.23

Competitive Comparison of Sicit Group SpA's Days Payable

For the Agricultural Inputs subindustry, Sicit Group 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.

Sicit Group SpA's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sicit Group SpA's Days Payable distribution charts can be found below:

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

Sicit Group 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.

Sicit Group SpA's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (6.597	+	9.636)	/	2 )	/	34.371	*	365
=	8.1165					/	34.371	*	365
=	86.19

Sicit Group SpA's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

	Days Payable (Q: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2020 )	+	Accounts Payable (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (7.942	+	9.636)	/	2 )	/	14.421	*	365 / 2
=	8.789					/	14.421	*	365 / 2
=	111.23

Sicit Group SpA Days Payable Related Terms

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Sicit Group SpA (MIL:SICT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sicit Group SpA (MIL:SICT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via del Lavoro 114, Arzignano, ITA, 36071

Website

https://www.sicitgroup.com

Sicit Group SpA is engaged in transforming the processed residues from leather tanning into protein hydrolysates, used as biostimulants for agriculture and retardants for the plaster industry. The company supplies its products in the agrochemical and industrial sectors. Geographically, it has a presence in APAC; the Americas, and the Rest of the world.

Sicit Group SpA (MIL:SICT) Headlines

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