TIM (TIMB) Days Payable

: 119.41 (As of Sep. 2023)

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TIM's average Accounts Payable for the three months ended in Sep. 2023 was $752 Mil. TIM's Cost of Goods Sold for the three months ended in Sep. 2023 was $575 Mil. Hence, TIM's Days Payable for the three months ended in Sep. 2023 was 119.41.

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

TIMB' s Days Payable Range Over the Past 10 Years
Min: 126.19 Med: 167.35 Max: 202.45
Current: 126.19

During the past 13 years, TIM's highest Days Payable was 202.45. The lowest was 126.19. And the median was 167.35.

TIMB's Days Payable is ranked better than
57.47% of 348 companies
in the Telecommunication Services industry
Industry Median: 102.36 vs TIMB: 126.19

TIM's Days Payable declined from Sep. 2022 (136.26) to Sep. 2023 (119.41). It may suggest that TIM accelerated paying its suppliers.

TIM Days Payable Historical Data

The historical data trend for TIM'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.

TIM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

208.49

183.63

144.96

124.48

125.66

TIM Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																133.33	130.96	112.81	119.41	-

Competitive Comparison

For the Telecom Services subindustry, TIM'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.

TIM Days Payable Distribution

For the Telecommunication Services industry and Communication Services sector, TIM's Days Payable distribution charts can be found below:

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

TIM 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.

TIM'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
=	( (577.8	+	807.799)	/	2 )	/	2031.49	*	365
=	692.7995					/	2031.49	*	365
=	124.48

TIM's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (752.196	+	0)	/	1 )	/	574.814	*	365 / 4
=	752.196					/	574.814	*	365 / 4
=	119.41

TIM Days Payable Related Terms

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TIM (TIMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » TIM SA (NYSE:TIMB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TIMS3:Brazil

Address

Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057

Website

https://ri.tim.com.br

TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 61 million subscribers, equal to about 24% of the market. The firm also owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 9 million locations, equal to a bit less than 15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand.