LU-VE SpA (MIL:LUVE) Days Payable : 69.35 (As of Sep. 2023)

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What is LU-VE SpA Days Payable?

LU-VE SpA's average Accounts Payable for the three months ended in Sep. 2023 was €103.8 Mil. LU-VE SpA's Cost of Goods Sold for the three months ended in Sep. 2023 was €136.5 Mil. Hence, LU-VE SpA's Days Payable for the three months ended in Sep. 2023 was 69.35.

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

MIL:LUVE' s Days Payable Range Over the Past 10 Years
Min: 93.06 Med: 149.17 Max: 159.51
Current: 93.06

During the past 10 years, LU-VE SpA's highest Days Payable was 159.51. The lowest was 93.06. And the median was 149.17.

MIL:LUVE's Days Payable is ranked better than
60.6% of 1604 companies
in the Construction industry
Industry Median: 74.12 vs MIL:LUVE: 93.06

LU-VE SpA's Days Payable declined from Sep. 2022 (82.27) to Sep. 2023 (69.35). It may suggest that LU-VE SpA accelerated paying its suppliers.

LU-VE SpA Days Payable Historical Data

The historical data trend for LU-VE 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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LU-VE SpA Days Payable Chart

LU-VE SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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129.14

149.55

138.03

121.02

91.26

LU-VE SpA Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															478.08	98.76	148.82	69.35	83.78

Competitive Comparison of LU-VE SpA's Days Payable

For the Building Products & Equipment subindustry, LU-VE 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.

LU-VE SpA's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, LU-VE SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where LU-VE SpA's Days Payable falls into.

LU-VE 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.

LU-VE SpA'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
=	( (114.358	+	106.587)	/	2 )	/	333.187	*	365
=	110.4725					/	333.187	*	365
=	121.02

LU-VE SpA'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
=	( (116.663	+	90.854)	/	2 )	/	136.533	*	365 / 4
=	103.7585					/	136.533	*	365 / 4
=	69.35

LU-VE SpA Days Payable Related Terms

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LU-VE SpA (MIL:LUVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » LU-VE SpA (MIL:LUVE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

V92:Germany

Address

Via Caduti della Liberazione, 53, Uboldo, Varese, ITA, 21040

Website

https://www.luvegroup.com

LU-VE SpA manufactures and markets refrigeration and air conditioning products in Italy. Its products include commercial unit coolers, industrial unit coolers, air coolers, tubeless steel condensers, dry coolers, accessories, and special products. The company offers its products for industrial and commercial refrigeration, air conditioning, energy, power, industrial, and other applications. The company's segment includes Cooling Systems SBU and Components SBU. It generates maximum revenue from the Components SBU segment.

LU-VE SpA (MIL:LUVE) Headlines

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