Comet Holding AG (XSWX:COTN) Days Payable : 42.65 (As of Dec. 2023)

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What is Comet Holding AG Days Payable?

Comet Holding AG's average Accounts Payable for the six months ended in Dec. 2023 was CHF25.4 Mil. Comet Holding AG's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF108.6 Mil. Hence, Comet Holding AG's Days Payable for the six months ended in Dec. 2023 was 42.65.

The historical rank and industry rank for Comet Holding AG's Days Payable or its related term are showing as below:

XSWX:COTN' s Days Payable Range Over the Past 10 Years
Min: 32.19 Med: 40.1 Max: 50.8
Current: 42.51

During the past 13 years, Comet Holding AG's highest Days Payable was 50.80. The lowest was 32.19. And the median was 40.10.

XSWX:COTN's Days Payable is ranked worse than
76.08% of 2421 companies
in the Hardware industry
Industry Median: 67.71 vs XSWX:COTN: 42.51

Comet Holding AG's Days Payable declined from Dec. 2022 (46.68) to Dec. 2023 (42.65). It may suggest that Comet Holding AG accelerated paying its suppliers.

Comet Holding AG Days Payable Historical Data

The historical data trend for Comet Holding AG'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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Comet Holding AG Days Payable Chart

Comet Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.11

40.63

33.14

32.19

40.09

Comet Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															37.37	47.03	46.68	44.66	42.65

Competitive Comparison of Comet Holding AG's Days Payable

For the Scientific & Technical Instruments subindustry, Comet Holding AG'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.

Comet Holding AG's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Comet Holding AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Comet Holding AG's Days Payable falls into.

Comet Holding AG 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.

Comet Holding AG'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
=	( (31.191	+	20.331)	/	2 )	/	234.527	*	365
=	25.761					/	234.527	*	365
=	40.09

Comet Holding AG'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
=	( (30.43	+	20.331)	/	2 )	/	108.609	*	365 / 2
=	25.3805					/	108.609	*	365 / 2
=	42.65

Comet Holding AG Days Payable Related Terms

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Comet Holding AG (XSWX:COTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Comet Holding AG (XSWX:COTN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

COTNz:UK

Address

Herrengasse 10, P.O. Box 141, Flamatt, CHE, 3175

Website

http://www.comet-group.com

Comet Holding AG is a vendor of x-ray, radio frequency (RF) power and ebeam technology. It markets its systems and services, under the Comet, Yxlon and ebeam brands. Yxlon x-ray systems for non-destructive testing are supplied to end customers in the automotive, aerospace, electronics and energy sectors. Under the Comet brand, the group builds components and modules such as x-ray sources, vacuum capacitors, RF generators and impedance matching networks, marketed to manufacturers in the automotive, aerospace, semiconductor and solar industries as well as the security sector. Under the ebeam brand, the group develops and markets compact ebeam sets for the treatment of surfaces in the food and printing industries.

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