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Soges Group SpA (MIL:SOGES) Days Payable : 63.62 (As of Jun. 2024)


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What is Soges Group SpA Days Payable?

Soges Group SpA's average Accounts Payable for the six months ended in Jun. 2024 was €1.38 Mil. Soges Group SpA's Cost of Goods Sold for the six months ended in Jun. 2024 was €3.95 Mil. Hence, Soges Group SpA's Days Payable for the six months ended in Jun. 2024 was 63.62.

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

MIL:SOGES' s Days Payable Range Over the Past 10 Years
Min: 37.62   Med: 47.22   Max: 56.82
Current: 38.1

During the past 3 years, Soges Group SpA's highest Days Payable was 56.82. The lowest was 37.62. And the median was 47.22.

MIL:SOGES's Days Payable is ranked worse than
64.99% of 757 companies
in the Travel & Leisure industry
Industry Median: 57.1 vs MIL:SOGES: 38.10

Soges Group SpA's Days Payable declined from Jun. 2023 (73.41) to Jun. 2024 (63.62). It may suggest that Soges Group SpA accelerated paying its suppliers.


Soges Group SpA Days Payable Historical Data

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

Soges Group SpA Annual Data
Trend Dec22 Dec23 Dec24
Days Payable
56.82 37.62 35.73

Soges Group SpA Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
Days Payable - 73.41 23.40 63.62 29.23

Competitive Comparison of Soges Group SpA's Days Payable

For the Resorts & Casinos subindustry, Soges 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.


Soges Group SpA's Days Payable Distribution in the Travel & Leisure Industry

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

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


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Soges 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.

Soges Group 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
=( (1.455 + 1.167) / 2 ) / 12.719*365
=1.311 / 12.719*365
=37.62

Soges Group 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
=( (1.167 + 1.584) / 2 ) / 3.946*365 / 2
=1.3755 / 3.946*365 / 2
=63.62

* 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.


Soges Group SpA Days Payable Related Terms

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Soges Group SpA Business Description

Traded in Other Exchanges
N/A
Address
Via dei Caboto 49, Florence, ITA, 50127
Soges Group SpA is a company actively engaged in hotel and conference hospitality within prestigious structures. The Company's core business is therefore the acquisition of hotel management with the precise focus of optimizing economic results, repositioning the brand reputation and improving the operational performance of each individual structure that becomes part of the group.

Soges Group SpA Headlines

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