Comelf (BSE:CMF) Days Payable : 118.79 (As of Mar. 2024)

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What is Comelf Days Payable?

Comelf's average Accounts Payable for the three months ended in Mar. 2024 was lei24.5 Mil. Comelf's Cost of Goods Sold for the three months ended in Mar. 2024 was lei18.8 Mil. Hence, Comelf's Days Payable for the three months ended in Mar. 2024 was 118.79.

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

BSE:CMF' s Days Payable Range Over the Past 10 Years
Min: 91.53 Med: 126.6 Max: 145.38
Current: 118.08

During the past 13 years, Comelf's highest Days Payable was 145.38. The lowest was 91.53. And the median was 126.60.

BSE:CMF's Days Payable is ranked better than
69.23% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs BSE:CMF: 118.08

Comelf's Days Payable increased from Mar. 2023 (97.42) to Mar. 2024 (118.79). It may suggest that Comelf delayed paying its suppliers.

Comelf Days Payable Historical Data

The historical data trend for Comelf'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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Comelf Days Payable Chart

Comelf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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138.38

120.51

91.53

99.56

105.82

Comelf Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															97.42	114.62	103.72	137.17	118.79

Competitive Comparison of Comelf's Days Payable

For the Specialty Industrial Machinery subindustry, Comelf'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.

Comelf's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Comelf's Days Payable distribution charts can be found below:

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

Comelf 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.

Comelf'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
=	( (26.881	+	24.36)	/	2 )	/	88.37	*	365
=	25.6205					/	88.37	*	365
=	105.82

Comelf's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (24.36	+	24.655)	/	2 )	/	18.826	*	365 / 4
=	24.5075					/	18.826	*	365 / 4
=	118.79

Comelf Days Payable Related Terms

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Comelf (BSE:CMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Comelf SA (BSE:CMF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Industriei Street, Bistrita Nasaud County, Bistrita, ROU, 420063

Website

http://www.comelf.ro

Comelf SA is engaged in the production of engines and turbines. The company manufactures equipment and components for power stations and environmental protection equipment for earthmoving, lifting and transportation equipment, including their sub assemblies, steel structures, weapons ammunition, road transport vehicles and military combat. Its product portfolio includes Bag Filters, scrapers for primary radial settling tanks, Mechanical equipment for methane tank, Equipment for wastewater treatment and others. Its segments consist of Factory of stainless steel products(FPI), Factory for Earth Moving Machinery and Equipment, Bag Filters and Electrostatic Precipitators(FUET) and Factory for Earth Moving Machines and Components(TERRA). The majority of its revenue is generated outside Romania.