Ascopiave SpA (MIL:ASC) Days Payable : 331.06 (As of Mar. 2024)

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What is Ascopiave SpA Days Payable?

Ascopiave SpA's average Accounts Payable for the three months ended in Mar. 2024 was €46.1 Mil. Ascopiave SpA's Cost of Goods Sold for the three months ended in Mar. 2024 was €12.7 Mil. Hence, Ascopiave SpA's Days Payable for the three months ended in Mar. 2024 was 331.06.

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

MIL:ASC' s Days Payable Range Over the Past 10 Years
Min: 33.24 Med: 507.61 Max: 1069.55
Current: 545.97

During the past 13 years, Ascopiave SpA's highest Days Payable was 1069.55. The lowest was 33.24. And the median was 507.61.

MIL:ASC's Days Payable is ranked better than
95.75% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.43 vs MIL:ASC: 545.97

Ascopiave SpA's Days Payable declined from Mar. 2023 (1,245.71) to Mar. 2024 (331.06). It may suggest that Ascopiave SpA accelerated paying its suppliers.

Ascopiave SpA Days Payable Historical Data

The historical data trend for Ascopiave 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.

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Ascopiave SpA Days Payable Chart

Ascopiave SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,010.83

562.55

452.66

727.36

876.24

Ascopiave SpA 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															1,245.71	815.58	502.23	437.95	331.06

Competitive Comparison of Ascopiave SpA's Days Payable

For the Utilities - Regulated Gas subindustry, Ascopiave 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.

Ascopiave SpA's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ascopiave SpA's Days Payable distribution charts can be found below:

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

Ascopiave 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.

Ascopiave SpA'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
=	( (180.195	+	73.026)	/	2 )	/	52.74	*	365
=	126.6105					/	52.74	*	365
=	876.24

Ascopiave SpA'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
=	( (73.026	+	19.258)	/	2 )	/	12.718	*	365 / 4
=	46.142					/	12.718	*	365 / 4
=	331.06

Ascopiave SpA Days Payable Related Terms

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Ascopiave SpA (MIL:ASC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Ascopiave SpA (MIL:ASC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AVA:Germany

Address

Via Verizzo, 1030, Pieve di Soligo, Treviso, ITA, I-31053

Website

https://www.gruppoascopiave.it

Ascopiave SpA is an Italy-based company engaged in the utility sector. The company is primarily active in the distribution and sale of natural gas. Its business segments include Gas distribution, Renewable energies, and Others. The other segments include the cogeneration and heat supply activity and the parent company. The company is also involved in the sale of electric power, heat management, co-generation, and generation of electricity from photovoltaic plants. It generates maximum revenue from the Gas distribution segment.