Bifire SpA (MIL:FIRE) Days Payable : 78.50 (As of Dec. 2023)

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What is Bifire SpA Days Payable?

Bifire SpA's average Accounts Payable for the six months ended in Dec. 2023 was €6.66 Mil. Bifire SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €15.48 Mil. Hence, Bifire SpA's Days Payable for the six months ended in Dec. 2023 was 78.50.

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

MIL:FIRE' s Days Payable Range Over the Past 10 Years
Min: 81.08 Med: 95.93 Max: 118.06
Current: 86.9

During the past 4 years, Bifire SpA's highest Days Payable was 118.06. The lowest was 81.08. And the median was 95.93.

MIL:FIRE's Days Payable is ranked better than
57.27% of 1603 companies
in the Construction industry
Industry Median: 75.22 vs MIL:FIRE: 86.90

Bifire SpA's Days Payable declined from Dec. 2022 (89.98) to Dec. 2023 (78.50). It may suggest that Bifire SpA accelerated paying its suppliers.

Bifire SpA Days Payable Historical Data

The historical data trend for Bifire 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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Bifire SpA Days Payable Chart

Bifire SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

118.06

99.53

81.08

92.33

Bifire SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			104.57	80.94	89.98	90.63	78.50

Competitive Comparison of Bifire SpA's Days Payable

For the Building Products & Equipment subindustry, Bifire 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.

Bifire SpA's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bifire SpA's Days Payable distribution charts can be found below:

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

Bifire 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.

Bifire 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
=	( (7.466	+	7.258)	/	2 )	/	29.103	*	365
=	7.362					/	29.103	*	365
=	92.33

Bifire 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
=	( (6.061	+	7.258)	/	2 )	/	15.483	*	365 / 2
=	6.6595					/	15.483	*	365 / 2
=	78.50

Bifire SpA Days Payable Related Terms

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Bifire SpA (MIL:FIRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bifire SpA (MIL:FIRE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

Q8I:Germany

Address

Via Lavoratori dell'Autobianchi, 1, Desio, ITA, 20832

Website

https://www.bifire.it

Bifire SpA is a manufacturer of products for thermal insulation and fire protection in construction, industrial and marine environments, manufactures technological and innovative products, enabling the completion of projects. Its products comprise Aquafire, Aquafire LED, Bilife, and Vacunanex. Its products cater to Fireproofing construction, Thermal insulation construction, Fireproofing Industry, and Thermal Insulation Industry.

Bifire SpA (MIL:FIRE) Headlines

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