Covivio Hotels (XPAR:COVH) Days Payable : 93.75 (As of Dec. 2023)

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What is Covivio Hotels Days Payable?

Covivio Hotels's average Accounts Payable for the six months ended in Dec. 2023 was €56.8 Mil. Covivio Hotels's Cost of Goods Sold for the six months ended in Dec. 2023 was €110.5 Mil. Hence, Covivio Hotels's Days Payable for the six months ended in Dec. 2023 was 93.75.

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

XPAR:COVH' s Days Payable Range Over the Past 10 Years
Min: 57.59 Med: 128.2 Max: 1557.75
Current: 87.43

During the past 13 years, Covivio Hotels's highest Days Payable was 1557.75. The lowest was 57.59. And the median was 128.20.

XPAR:COVH's Days Payable is ranked worse than
60.88% of 524 companies
in the REITs industry
Industry Median: 126.16 vs XPAR:COVH: 87.43

Covivio Hotels's Days Payable increased from Dec. 2022 (86.76) to Dec. 2023 (93.75). It may suggest that Covivio Hotels delayed paying its suppliers.

Covivio Hotels Days Payable Historical Data

The historical data trend for Covivio Hotels'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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Covivio Hotels Days Payable Chart

Covivio Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.95

127.02

129.38

82.84

76.85

Covivio Hotels Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															97.61	106.30	86.76	91.67	93.75

Competitive Comparison of Covivio Hotels's Days Payable

For the REIT - Hotel & Motel subindustry, Covivio Hotels'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.

Covivio Hotels's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Covivio Hotels's Days Payable distribution charts can be found below:

* The bar in red indicates where Covivio Hotels's Days Payable falls into.

Covivio Hotels 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.

Covivio Hotels'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
=	( (43.488	+	48.513)	/	2 )	/	218.473	*	365
=	46.0005					/	218.473	*	365
=	76.85

Covivio Hotels'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
=	( (64.996	+	48.513)	/	2 )	/	110.487	*	365 / 2
=	56.7545					/	110.487	*	365 / 2
=	93.75

Covivio Hotels Days Payable Related Terms

Thank you for viewing the detailed overview of Covivio Hotels's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Covivio Hotels (XPAR:COVH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Covivio Hotels (XPAR:COVH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9FM:Germany

Address

10 avenue Kleber, Paris, FRA, 75208

Website

http://www.covivio-hotels.fr

Covivio Hotels is engaged in the real estate sector. The company functions as a real estate investment trust, with special emphasis in the holding and management of real estate assets particularly in the hotel sector. Its investment portfolio includes hotels, massage therapy institutes, clinics, garden centers and leisure villages located in Europe.

Covivio Hotels (XPAR:COVH) Headlines

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