Tenax International SpA (MIL:TNX) Days Payable : 114.33 (As of Dec. 2023)

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What is Tenax International SpA Days Payable?

Tenax International SpA's average Accounts Payable for the six months ended in Dec. 2023 was €4.95 Mil. Tenax International SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €7.91 Mil. Hence, Tenax International SpA's Days Payable for the six months ended in Dec. 2023 was 114.33.

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

MIL:TNX' s Days Payable Range Over the Past 10 Years
Min: 124.02 Med: 157.39 Max: 205.56
Current: 127.61

During the past 6 years, Tenax International SpA's highest Days Payable was 205.56. The lowest was 124.02. And the median was 157.39.

MIL:TNX's Days Payable is ranked better than
81.1% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs MIL:TNX: 127.61

Tenax International SpA's Days Payable increased from Dec. 2022 (105.59) to Dec. 2023 (114.33). It may suggest that Tenax International SpA delayed paying its suppliers.

Tenax International SpA Days Payable Historical Data

The historical data trend for Tenax International 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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Tenax International SpA Days Payable Chart

Tenax International SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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158.53

205.56

156.44

124.02

126.65

Tenax International SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					121.71	142.70	105.59	145.32	114.33

Competitive Comparison of Tenax International SpA's Days Payable

For the Auto Manufacturers subindustry, Tenax International 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.

Tenax International SpA's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Tenax International 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.

Tenax International 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
=	( (5.014	+	4.856)	/	2 )	/	14.223	*	365
=	4.935					/	14.223	*	365
=	126.65

Tenax International 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.048	+	4.856)	/	2 )	/	7.905	*	365 / 2
=	4.952					/	7.905	*	365 / 2
=	114.33

Tenax International SpA Days Payable Related Terms

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Tenax International SpA (MIL:TNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tenax International SpA (MIL:TNX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Balduina 3, Rio Saliceto, ITA, 42010

Website

https://www.tenaxinternational.com

Tenax International SpA is engaged in designing and production of low-voltage electric road sweepers and street washers in Italy. The company also offers pre-owned street washers and road sweepers.

Tenax International SpA (MIL:TNX) Headlines

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