Saipem SpA (MIL:SPMR) Days Payable : 100.13 (As of Sep. 2023)

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What is Saipem SpA Days Payable?

Saipem SpA's average Accounts Payable for the three months ended in Sep. 2023 was €2,740 Mil. Saipem SpA's Cost of Goods Sold for the three months ended in Sep. 2023 was €2,497 Mil. Hence, Saipem SpA's Days Payable for the three months ended in Sep. 2023 was 100.13.

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

MIL:SPMR' s Days Payable Range Over the Past 10 Years
Min: 110.45 Med: 120.73 Max: 185.33
Current: 185.33

During the past 13 years, Saipem SpA's highest Days Payable was 185.33. The lowest was 110.45. And the median was 120.73.

MIL:SPMR's Days Payable is ranked better than
81.09% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs MIL:SPMR: 185.33

Saipem SpA's Days Payable declined from Mar. 2022 (140.21) to Sep. 2023 (100.13). It may suggest that Saipem SpA accelerated paying its suppliers.

Saipem SpA Days Payable Historical Data

The historical data trend for Saipem 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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Saipem SpA Days Payable Chart

Saipem SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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126.34

123.37

136.92

118.09

110.45

Saipem SpA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															120.53	-	-	100.13	-

Competitive Comparison of Saipem SpA's Days Payable

For the Oil & Gas Equipment & Services subindustry, Saipem 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.

Saipem SpA's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saipem SpA's Days Payable distribution charts can be found below:

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

Saipem 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.

Saipem 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
=	( (2378	+	2630)	/	2 )	/	8275	*	365
=	2504					/	8275	*	365
=	110.45

Saipem 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
=	( (2740	+	0)	/	1 )	/	2497	*	365 / 4
=	2740					/	2497	*	365 / 4
=	100.13

Saipem SpA Days Payable Related Terms

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Saipem SpA (MIL:SPMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saipem SpA (MIL:SPMR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SAPMY:USA SAPMF:USA SPM:Italy 0RPI:UK SPEA:Germany

Address

Via Luigi Russolo, 5, Milano, ITA, 20138

Website

https://www.saipem.com

Saipem is a conglomerate of oil and gas engineering and construction and drilling services. The company began as the services appendage of oil major Eni, although today Eni as a customer accounts for generally less than 10% of revenue. Saipem is distinguished for leading industry megaprojects like the Nord Stream pipeline carrying large volumes of natural gas from Russia to European markets.

Saipem SpA (MIL:SPMR) Headlines

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