Arteche Lantegi Elekartea (XMAD:ART) Days Payable : 130.35 (As of Dec. 2023)

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What is Arteche Lantegi Elekartea Days Payable?

Arteche Lantegi Elekartea's average Accounts Payable for the six months ended in Dec. 2023 was €81.1 Mil. Arteche Lantegi Elekartea's Cost of Goods Sold for the six months ended in Dec. 2023 was €113.5 Mil. Hence, Arteche Lantegi Elekartea's Days Payable for the six months ended in Dec. 2023 was 130.35.

The historical rank and industry rank for Arteche Lantegi Elekartea's Days Payable or its related term are showing as below:

XMAD:ART' s Days Payable Range Over the Past 10 Years
Min: 129.21 Med: 135.32 Max: 144.92
Current: 137.04

During the past 5 years, Arteche Lantegi Elekartea's highest Days Payable was 144.92. The lowest was 129.21. And the median was 135.32.

XMAD:ART's Days Payable is ranked better than
82.32% of 2421 companies
in the Hardware industry
Industry Median: 67.77 vs XMAD:ART: 137.04

Arteche Lantegi Elekartea's Days Payable declined from Dec. 2022 (131.75) to Dec. 2023 (130.35). It may suggest that Arteche Lantegi Elekartea accelerated paying its suppliers.

Arteche Lantegi Elekartea Days Payable Historical Data

The historical data trend for Arteche Lantegi Elekartea'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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Arteche Lantegi Elekartea Days Payable Chart

Arteche Lantegi Elekartea Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

144.92

136.22

133.22

129.21

135.32

Arteche Lantegi Elekartea Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				121.53	142.72	131.75	146.74	130.35

Competitive Comparison of Arteche Lantegi Elekartea's Days Payable

For the Electronic Components subindustry, Arteche Lantegi Elekartea'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.

Arteche Lantegi Elekartea's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arteche Lantegi Elekartea's Days Payable distribution charts can be found below:

* The bar in red indicates where Arteche Lantegi Elekartea's Days Payable falls into.

Arteche Lantegi Elekartea 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.

Arteche Lantegi Elekartea'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
=	( (74.937	+	81.121)	/	2 )	/	210.463	*	365
=	78.029					/	210.463	*	365
=	135.32

Arteche Lantegi Elekartea'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
=	( (81.002	+	81.121)	/	2 )	/	113.492	*	365 / 2
=	81.0615					/	113.492	*	365 / 2
=	130.35

Arteche Lantegi Elekartea Days Payable Related Terms

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Arteche Lantegi Elekartea (XMAD:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arteche Lantegi Elekartea SA (XMAD:ART) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Derio Bidea 28, Bizkaia, Mungia, ESP, 48100

Website

https://www.arteche.com

Arteche Lantegi Elekartea SA is engaged in developing equipment and solutions for the electric power industry. The product portfolio of the company includes High voltage instrument transformers, Digital Instrument Transformers, Trip, supervision, and auxiliary relays, Medium voltage sensors, and Reclosers and switches among others.

Arteche Lantegi Elekartea (XMAD:ART) Headlines

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