Somec SpA (MIL:SOM) Days Payable : 163.01 (As of Jun. 2023)

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What is Somec SpA Days Payable?

Somec SpA's average Accounts Payable for the six months ended in Jun. 2023 was €81.8 Mil. Somec SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €91.5 Mil. Hence, Somec SpA's Days Payable for the six months ended in Jun. 2023 was 163.01.

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

MIL:SOM' s Days Payable Range Over the Past 10 Years
Min: 146.8 Med: 167.59 Max: 238.32
Current: 164.44

During the past 6 years, Somec SpA's highest Days Payable was 238.32. The lowest was 146.80. And the median was 167.59.

MIL:SOM's Days Payable is ranked better than
79.14% of 1601 companies
in the Construction industry
Industry Median: 73.84 vs MIL:SOM: 164.44

Somec SpA's Days Payable declined from Jun. 2022 (175.86) to Jun. 2023 (163.01). It may suggest that Somec SpA accelerated paying its suppliers.

Somec SpA Days Payable Historical Data

The historical data trend for Somec 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.

Somec SpA Days Payable Chart

Somec SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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168.77

146.80

167.64

167.54

165.93

Somec SpA Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial								157.89	184.62	175.86	167.49	163.01

Competitive Comparison of Somec SpA's Days Payable

For the Building Products & Equipment subindustry, Somec 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.

Somec SpA's Days Payable Distribution in the Construction Industry

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

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

Somec 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.

Somec SpA's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (53.427	+	79.324)	/	2 )	/	146.009	*	365
=	66.3755					/	146.009	*	365
=	165.93

Somec SpA's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (79.324	+	84.196)	/	2 )	/	91.537	*	365 / 2
=	81.76					/	91.537	*	365 / 2
=	163.01

Somec SpA Days Payable Related Terms

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Somec SpA (MIL:SOM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Palu, 30, San Vendemiano, Treviso, ITA, 31020

Website

http://www.somecgroup.com

Somec SpA designs and manufactures glass envelopes for cruise ships and special architectural projects. Its products include balcony sliding doors, public area doors, handrails, windscreens, and balcony dividers.

Somec SpA (MIL:SOM) Headlines

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