Panamax Aktiengesellschaft (FRA:ICP) Days Payable : 16,060.00 (As of Dec. 2023)

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What is Panamax Aktiengesellschaft Days Payable?

Panamax Aktiengesellschaft's average Accounts Payable for the six months ended in Dec. 2023 was €0.09 Mil. Panamax Aktiengesellschaft's Cost of Goods Sold for the six months ended in Dec. 2023 was €0.00 Mil. Hence, Panamax Aktiengesellschaft's Days Payable for the six months ended in Dec. 2023 was 16,060.00.

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

FRA:ICP' s Days Payable Range Over the Past 10 Years
Min: 26.39 Med: 103.49 Max: 3034.06
Current: 475.31

During the past 13 years, Panamax Aktiengesellschaft's highest Days Payable was 3034.06. The lowest was 26.39. And the median was 103.49.

FRA:ICP's Days Payable is ranked better than
82.98% of 470 companies
in the Asset Management industry
Industry Median: 70.455 vs FRA:ICP: 475.31

Panamax Aktiengesellschaft's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (16,060.00). It may suggest that Panamax Aktiengesellschaft delayed paying its suppliers.

Panamax Aktiengesellschaft Days Payable Historical Data

The historical data trend for Panamax Aktiengesellschaft'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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Panamax Aktiengesellschaft Days Payable Chart

Panamax Aktiengesellschaft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3,034.06

442.87

Panamax Aktiengesellschaft 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															-	-	-	281.15	16,060.00

Competitive Comparison of Panamax Aktiengesellschaft's Days Payable

For the Asset Management subindustry, Panamax Aktiengesellschaft'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.

Panamax Aktiengesellschaft's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Panamax Aktiengesellschaft's Days Payable distribution charts can be found below:

* The bar in red indicates where Panamax Aktiengesellschaft's Days Payable falls into.

Panamax Aktiengesellschaft 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.

Panamax Aktiengesellschaft'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
=	( (0.117	+	0.065)	/	2 )	/	0.075	*	365
=	0.091					/	0.075	*	365
=	442.87

Panamax Aktiengesellschaft'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
=	( (0.111	+	0.065)	/	2 )	/	0.001	*	365 / 2
=	0.088					/	0.001	*	365 / 2
=	16,060.00

Panamax Aktiengesellschaft Days Payable Related Terms

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Panamax Aktiengesellschaft (FRA:ICP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Panamax Aktiengesellschaft (FRA:ICP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ICP:Germany

Address

Strasse 10, Muenchener, Frankfurt am Main, Frankfurt, HE, DEU, 60329

Website

https://www.panamax.ag

Panamax Aktiengesellschaft is a Germany-based investment company. It focuses on investing in various sectors, such as environmental technology, financial services, IT, e-business, health products, as well as services and products for small children and babies. The corporate purpose of Panamax Aktiengesellschaft is the formation of corporations and partnerships as well as the acquisition, management, and sale of investments in corporations and partnerships, exclusively in its own name and with its own assets and the provision of management services, in particular accounting, controlling, non-regulatory financing services and marketing.