Snam SpA (MIL:SRG) Days Payable : 141.07 (As of Sep. 2023)

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What is Snam SpA Days Payable?

Snam SpA's average Accounts Payable for the three months ended in Sep. 2023 was €875 Mil. Snam SpA's Cost of Goods Sold for the three months ended in Sep. 2023 was €566 Mil. Hence, Snam SpA's Days Payable for the three months ended in Sep. 2023 was 141.07.

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

MIL:SRG' s Days Payable Range Over the Past 10 Years
Min: 233.65 Med: 526.88 Max: 719.7
Current: 233.65

During the past 13 years, Snam SpA's highest Days Payable was 719.70. The lowest was 233.65. And the median was 526.88.

MIL:SRG's Days Payable is ranked better than
86.41% of 493 companies
in the Utilities - Regulated industry
Industry Median: 66.88 vs MIL:SRG: 233.65

Snam SpA's Days Payable declined from Sep. 2022 (246.60) to Sep. 2023 (141.07). It may suggest that Snam SpA accelerated paying its suppliers.

Snam SpA Days Payable Historical Data

The historical data trend for Snam 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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Snam SpA Days Payable Chart

Snam SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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719.70

646.21

485.45

586.19

298.41

Snam SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															3,358.87	369.30	232.78	141.07	-

Competitive Comparison of Snam SpA's Days Payable

For the Utilities - Regulated Gas subindustry, Snam 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.

Snam SpA's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Snam SpA's Days Payable distribution charts can be found below:

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

Snam 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.

Snam SpA's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1348	+	1546)	/	2 )	/	901	*	365
=	1447					/	901	*	365
=	586.19

Snam SpA's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (875	+	0)	/	1 )	/	566	*	365 / 4
=	875					/	566	*	365 / 4
=	141.07

Snam SpA Days Payable Related Terms

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Snam SpA (MIL:SRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Snam SpA (MIL:SRG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SNMRY:USA SRGm:UK 0NQP:UK SNM:Germany SRG:Austria

Address

Piazza Santa Barbara, 7, San Donato Milanese, Milan, ITA, 20097

Website

https://www.snam.it

Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17.1% of European gas storage capacity and 6.5 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.