TXT e-solutions SpA (MIL:TXT) Days Payable : 40.86 (As of Sep. 2024)

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What is TXT e-solutions SpA Days Payable?

TXT e-solutions SpA's average Accounts Payable for the three months ended in Sep. 2024 was €24.7 Mil. TXT e-solutions SpA's Cost of Goods Sold for the three months ended in Sep. 2024 was €55.2 Mil. Hence, TXT e-solutions SpA's Days Payable for the three months ended in Sep. 2024 was 40.86.

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

MIL:TXT' s Days Payable Range Over the Past 10 Years
Min: 17.84 Med: 52.93 Max: 93.84
Current: 49.86

During the past 13 years, TXT e-solutions SpA's highest Days Payable was 93.84. The lowest was 17.84. And the median was 52.93.

MIL:TXT's Days Payable is ranked worse than
50.43% of 2536 companies
in the Software industry
Industry Median: 50.575 vs MIL:TXT: 49.86

TXT e-solutions SpA's Days Payable increased from Sep. 2023 (36.06) to Sep. 2024 (40.86). It may suggest that TXT e-solutions SpA delayed paying its suppliers.

TXT e-solutions SpA Days Payable Historical Data

The historical data trend for TXT e-solutions 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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TXT e-solutions SpA Days Payable Chart

TXT e-solutions SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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77.52

83.50

38.98

40.65

58.55

TXT e-solutions SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															32.71	45.79	43.91	40.86	59.50

Competitive Comparison of TXT e-solutions SpA's Days Payable

For the Software - Application subindustry, TXT e-solutions 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.

TXT e-solutions SpA's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, TXT e-solutions SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where TXT e-solutions SpA's Days Payable falls into.

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TXT e-solutions 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.

TXT e-solutions 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
=	( (20.643	+	21.585)	/	2 )	/	189.596	*	365
=	21.114					/	189.596	*	365
=	40.65

TXT e-solutions SpA's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (21.882	+	27.514)	/	2 )	/	55.151	*	365 / 4
=	24.698					/	55.151	*	365 / 4
=	40.86

TXT e-solutions SpA Days Payable Related Terms

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TXT e-solutions SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TXT e-solutions SpA (MIL:TXT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0NLD:UK TXE:Germany TXE:Germany

Address

Via Milano, No. 150, Cologno Monzese, Milan, ITA, 20093

Website

https://www.txtgroup.com

TXT e-solutions SpA is an Italy-based company. The company provides three operating segment: Smart Solutions, Software Engineering, and Digital Advisory. The smart solution segment includes the activities of TXT Risk Solutions, Assiopay, Working Capital Solution. D.M Management and Consultin, etc. Software Engineering includes e-tech Srl, Ennova Group, TXT e-swiss and Fascode S.P.A. Digital Advisory includes companies such HSPI, PGMD Consulting, Tlogos, etc. Majority of revenue is from Software Engineering. Geographically, it has a presence in Italy, Germany, United Kingdom, France, Switzerland, and the USA.