Piaggio & C. SpA (MIL:PIA) Days Payable : 200.19 (As of Dec. 2023)

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What is Piaggio & C. SpA Days Payable?

Piaggio & C. SpA's average Accounts Payable for the three months ended in Dec. 2023 was €642 Mil. Piaggio & C. SpA's Cost of Goods Sold for the three months ended in Dec. 2023 was €293 Mil. Hence, Piaggio & C. SpA's Days Payable for the three months ended in Dec. 2023 was 200.19.

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

MIL:PIA' s Days Payable Range Over the Past 10 Years
Min: 139.05 Med: 145.25 Max: 174.2
Current: 163.4

During the past 13 years, Piaggio & C. SpA's highest Days Payable was 174.20. The lowest was 139.05. And the median was 145.25.

MIL:PIA's Days Payable is ranked better than
86.79% of 1264 companies
in the Vehicles & Parts industry
Industry Median: 65.57 vs MIL:PIA: 163.40

Piaggio & C. SpA's Days Payable increased from Dec. 2022 (187.23) to Dec. 2023 (200.19). It may suggest that Piaggio & C. SpA delayed paying its suppliers.

Piaggio & C. SpA Days Payable Historical Data

The historical data trend for Piaggio & C. 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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Piaggio & C. SpA Days Payable Chart

Piaggio & C. SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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142.58

174.20

154.45

151.03

160.66

Piaggio & C. SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															187.23	154.76	137.81	180.76	200.19

Competitive Comparison of Piaggio & C. SpA's Days Payable

For the Auto Manufacturers subindustry, Piaggio & C. 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.

Piaggio & C. SpA's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Piaggio & C. SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where Piaggio & C. SpA's Days Payable falls into.

Piaggio & C. 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.

Piaggio & C. 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
=	( (739.832	+	619.003)	/	2 )	/	1543.533	*	365
=	679.4175					/	1543.533	*	365
=	160.66

Piaggio & C. SpA's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (665.303	+	619.003)	/	2 )	/	292.697	*	365 / 4
=	642.153					/	292.697	*	365 / 4
=	200.19

Piaggio & C. SpA Days Payable Related Terms

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Piaggio & C. SpA (MIL:PIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Piaggio & C. SpA (MIL:PIA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PIAGF:USA 0FM1:UK P1I:Germany

Address

Viale Rinaldo Piaggio, 25, Pontedera, Pisa, ITA, 56025

Website

https://www.piaggiogroup.com

Piaggio & C. SpA is an Italian manufacturer of motor vehicles with international operations. The product portfolio consists of scooters, mopeds, and motorcycles marketed under the Aprilia, Piaggio, Vespa, Moto Guzzi, Gilera, Derbi, and Scarabeo brands, as well as three- and four-wheeler light vehicles, marketed under the Ape, Porter and Quargo brands. Piaggio's sales are mainly in Europe, the Middle East, Africa; the Americas; and India, but are also in the Asia-Pacific region. The firm's manufacturing units are located in Italy, India, and Vietnam. Piaggio has a 45% stake in a Chinese joint-venture operation.

Piaggio & C. SpA (MIL:PIA) Headlines

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