EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) Days Payable : 46.25 (As of Mar. 2024)

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What is EZ TEC Empreendimentos e Participacoes Days Payable?

EZ TEC Empreendimentos e Participacoes's average Accounts Payable for the three months ended in Mar. 2024 was R$80 Mil. EZ TEC Empreendimentos e Participacoes's Cost of Goods Sold for the three months ended in Mar. 2024 was R$157 Mil. Hence, EZ TEC Empreendimentos e Participacoes's Days Payable for the three months ended in Mar. 2024 was 46.25.

The historical rank and industry rank for EZ TEC Empreendimentos e Participacoes's Days Payable or its related term are showing as below:

BSP:EZTC3' s Days Payable Range Over the Past 10 Years
Min: 40.13 Med: 49.58 Max: 88.84
Current: 45.46

During the past 13 years, EZ TEC Empreendimentos e Participacoes's highest Days Payable was 88.84. The lowest was 40.13. And the median was 49.58.

BSP:EZTC3's Days Payable is ranked worse than
72.33% of 1572 companies
in the Real Estate industry
Industry Median: 99.68 vs BSP:EZTC3: 45.46

EZ TEC Empreendimentos e Participacoes's Days Payable declined from Mar. 2023 (48.06) to Mar. 2024 (46.25). It may suggest that EZ TEC Empreendimentos e Participacoes accelerated paying its suppliers.

EZ TEC Empreendimentos e Participacoes Days Payable Historical Data

The historical data trend for EZ TEC Empreendimentos e Participacoes'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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EZ TEC Empreendimentos e Participacoes Days Payable Chart

EZ TEC Empreendimentos e Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.13

41.64

54.85

42.60

44.31

EZ TEC Empreendimentos e Participacoes 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															48.06	54.77	50.52	36.23	46.25

Competitive Comparison of EZ TEC Empreendimentos e Participacoes's Days Payable

For the Real Estate - Development subindustry, EZ TEC Empreendimentos e Participacoes'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.

EZ TEC Empreendimentos e Participacoes's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, EZ TEC Empreendimentos e Participacoes's Days Payable distribution charts can be found below:

* The bar in red indicates where EZ TEC Empreendimentos e Participacoes's Days Payable falls into.

EZ TEC Empreendimentos e Participacoes 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.

EZ TEC Empreendimentos e Participacoes'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
=	( (90.612	+	88.936)	/	2 )	/	739.473	*	365
=	89.774					/	739.473	*	365
=	44.31

EZ TEC Empreendimentos e Participacoes'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
=	( (88.936	+	70.702)	/	2 )	/	157.477	*	365 / 4
=	79.819					/	157.477	*	365 / 4
=	46.25

EZ TEC Empreendimentos e Participacoes Days Payable Related Terms

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EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » EZ TEC Empreendimentos e Participacoes SA (BSP:EZTC3) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Avenida Republica do Libano, 1921, Sao Paulo, SP, BRA, 04501002

Website

http://www.eztec.com.br

EZ TEC Empreendimentos e Participacoes SA is a real estate development company that operates out of Brazil. The company and its subsidiaries engage in the development & sale of real estate, the management & lease of its own properties, land allotment, construction of condominiums, and services related to projects. The company defines its operations to include two revenue generating segments: commercial projects and residential projects. A majority of revenue is derived from the residential project segment, while a smaller portion is derived from the commercial projects segment. The company earns majority of its revenue in Brazil.

EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) Headlines

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