Comer Industries SpA (MIL:COM) Days Payable : 133.41 (As of Dec. 2023)

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What is Comer Industries SpA Days Payable?

Comer Industries SpA's average Accounts Payable for the six months ended in Dec. 2023 was €214 Mil. Comer Industries SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €293 Mil. Hence, Comer Industries SpA's Days Payable for the six months ended in Dec. 2023 was 133.41.

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

MIL:COM' s Days Payable Range Over the Past 10 Years
Min: 108.05 Med: 122.25 Max: 145.76
Current: 114.43

During the past 9 years, Comer Industries SpA's highest Days Payable was 145.76. The lowest was 108.05. And the median was 122.25.

MIL:COM's Days Payable is ranked better than
68.93% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.475 vs MIL:COM: 114.43

Comer Industries SpA's Days Payable increased from Dec. 2022 (109.56) to Dec. 2023 (133.41). It may suggest that Comer Industries SpA delayed paying its suppliers.

Comer Industries SpA Days Payable Historical Data

The historical data trend for Comer Industries 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.

* Premium members only.

Comer Industries SpA Days Payable Chart

Comer Industries SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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116.94

118.98

145.76

108.05

108.85

Comer Industries SpA Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											162.94	112.29	109.56	104.53	133.41

Competitive Comparison of Comer Industries SpA's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Comer Industries 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.

Comer Industries SpA's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Comer Industries SpA's Days Payable distribution charts can be found below:

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

Comer Industries 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.

Comer Industries 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
=	( (198.63	+	198.842)	/	2 )	/	666.436	*	365
=	198.736					/	666.436	*	365
=	108.85

Comer Industries 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
=	( (229.304	+	198.842)	/	2 )	/	292.851	*	365 / 2
=	214.073					/	292.851	*	365 / 2
=	133.41

Comer Industries SpA Days Payable Related Terms

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Comer Industries SpA (MIL:COM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Comer Industries SpA (MIL:COM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

X5Q:Germany

Address

Via Magellano, 27, Reggiolo, ITA, 42046

Website

https://www.comerindustries.com

Comer Industries SpA is engaged in the design and production of advanced engineering systems and mechatronic solutions for power transmission. It operates in the sectors of agricultural machinery, construction equipment and forestry, energy and industry. The products offered by the group include Gearboxes, Driveshafts, Powertrain, Planetary drives and Wheel drives.

Comer Industries SpA (MIL:COM) Headlines

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