CIR SpA (LTS:0ONR) Days Payable : 106.76 (As of Dec. 2023)

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What is CIR SpA Days Payable?

CIR SpA's average Accounts Payable for the six months ended in Dec. 2023 was €363 Mil. CIR SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €620 Mil. Hence, CIR SpA's Days Payable for the six months ended in Dec. 2023 was 106.76.

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

LTS:0ONR' s Days Payable Range Over the Past 10 Years
Min: 94.47 Med: 106.25 Max: 177.13
Current: 100.01

During the past 13 years, CIR SpA's highest Days Payable was 177.13. The lowest was 94.47. And the median was 106.25.

LTS:0ONR's Days Payable is ranked better than
72.24% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.81 vs LTS:0ONR: 100.01

CIR SpA's Days Payable increased from Dec. 2022 (102.93) to Dec. 2023 (106.76). It may suggest that CIR SpA delayed paying its suppliers.

CIR SpA Days Payable Historical Data

The historical data trend for CIR 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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CIR SpA Days Payable Chart

CIR SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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141.75

136.53

113.26

95.80

94.47

CIR SpA 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															107.72	104.90	102.93	99.21	106.76

Competitive Comparison of CIR SpA's Days Payable

For the Auto Parts subindustry, CIR 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.

CIR SpA's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CIR SpA's Days Payable distribution charts can be found below:

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

CIR 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.

CIR 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
=	( (352.104	+	326.252)	/	2 )	/	1310.432	*	365
=	339.178					/	1310.432	*	365
=	94.47

CIR 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
=	( (398.832	+	326.252)	/	2 )	/	619.735	*	365 / 2
=	362.542					/	619.735	*	365 / 2
=	106.76

CIR SpA Days Payable Related Terms

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CIR SpA (LTS:0ONR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CIR SpA (LTS:0ONR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CIR:Italy

Address

Via Ciovassino 1, Milan, ITA, 20121

Website

https://www.cirgroup.it

CIR SpA is a holding company engaged in the Automotive Components and Healthcare Sectors. It operates through two subsidiaries namely, the KOS group and the Sogefi group. Sogefi Group is engaged in providing automobile components that generate maximum revenue for the company. Its geographical operations are spread across Italy, Other European countries, North America, South America, and Asia.

CIR SpA (LTS:0ONR) Headlines

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