Take Off SpA (MIL:TKF) Days Payable : 67.40 (As of Dec. 2023)

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What is Take Off SpA Days Payable?

Take Off SpA's average Accounts Payable for the six months ended in Dec. 2023 was €3.98 Mil. Take Off SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €10.78 Mil. Hence, Take Off SpA's Days Payable for the six months ended in Dec. 2023 was 67.40.

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

MIL:TKF' s Days Payable Range Over the Past 10 Years
Min: 81.29 Med: 132.18 Max: 203.9
Current: 85.69

During the past 5 years, Take Off SpA's highest Days Payable was 203.90. The lowest was 81.29. And the median was 132.18.

MIL:TKF's Days Payable is ranked better than
69.29% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.41 vs MIL:TKF: 85.69

Take Off SpA's Days Payable declined from Dec. 2022 (106.77) to Dec. 2023 (67.40). It may suggest that Take Off SpA accelerated paying its suppliers.

Take Off SpA Days Payable Historical Data

The historical data trend for Take Off 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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Take Off SpA Days Payable Chart

Take Off SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

203.90

148.60

115.75

81.29

Take Off SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				100.61	124.40	106.77	111.96	67.40

Competitive Comparison of Take Off SpA's Days Payable

For the Apparel Retail subindustry, Take Off 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.

Take Off SpA's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Take Off SpA's Days Payable distribution charts can be found below:

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

Take Off 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.

Take Off 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
=	( (6.095	+	2.793)	/	2 )	/	19.955	*	365
=	4.444					/	19.955	*	365
=	81.29

Take Off SpA's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.167	+	2.793)	/	2 )	/	10.776	*	365 / 2
=	3.98					/	10.776	*	365 / 2
=	67.40

Take Off SpA Days Payable Related Terms

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Take Off SpA (MIL:TKF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Take Off SpA (MIL:TKF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Montenapoleone 8, Milan, ITA, 20121

Website

https://www.takeoffoutlet.com

Take Off SpA is engaged in the operations of clothing stores in Italy. The company offers women's clothes, men's clothes and accessories.

Take Off SpA (MIL:TKF) Headlines

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