Grino Ecologic (XMAD:GRI) Days Payable : 198.22 (As of Jun. 2023)

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What is Grino Ecologic Days Payable?

Grino Ecologic's average Accounts Payable for the six months ended in Jun. 2023 was €18.10 Mil. Grino Ecologic's Cost of Goods Sold for the six months ended in Jun. 2023 was €16.66 Mil. Hence, Grino Ecologic's Days Payable for the six months ended in Jun. 2023 was 198.22.

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

XMAD:GRI' s Days Payable Range Over the Past 10 Years
Min: 181.36 Med: 209.38 Max: 295.2
Current: 191.22

During the past 13 years, Grino Ecologic's highest Days Payable was 295.20. The lowest was 181.36. And the median was 209.38.

XMAD:GRI's Days Payable is not ranked
in the Waste Management industry.
Industry Median: 71.31 vs XMAD:GRI: 191.22

Grino Ecologic's Days Payable increased from Jun. 2022 (178.13) to Jun. 2023 (198.22). It may suggest that Grino Ecologic delayed paying its suppliers.

Grino Ecologic Days Payable Historical Data

The historical data trend for Grino Ecologic'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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Grino Ecologic Days Payable Chart

Grino Ecologic Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

181.36

209.22

229.81

185.44

188.46

Grino Ecologic Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															188.83	182.75	178.13	194.93	198.22

Competitive Comparison of Grino Ecologic's Days Payable

For the Waste Management subindustry, Grino Ecologic'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.

Grino Ecologic's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Grino Ecologic's Days Payable distribution charts can be found below:

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

Grino Ecologic 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.

Grino Ecologic'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
=	( (12.954	+	19.305)	/	2 )	/	31.238	*	365
=	16.1295					/	31.238	*	365
=	188.46

Grino Ecologic'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
=	( (19.305	+	16.888)	/	2 )	/	16.661	*	365 / 2
=	18.0965					/	16.661	*	365 / 2
=	198.22

Grino Ecologic Days Payable Related Terms

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Grino Ecologic (XMAD:GRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Grino Ecologic (XMAD:GRI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Placa Sant Joan 10, 6th Floor, Lleida, ESP, 25007

Website

http://www.grinyo.com

Grino Ecologic is a group of industrial companies which focuses on environmental services and green energy generation. The company operates in environmental services, waste treatment, energy, and construction.