Cube Labs SpA (MIL:CUBE) Days Payable : 75.07 (As of Jun. 2023)

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What is Cube Labs SpA Days Payable?

Cube Labs SpA's average Accounts Payable for the six months ended in Jun. 2023 was €0.37 Mil. Cube Labs SpA's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.89 Mil. Hence, Cube Labs SpA's Days Payable for the six months ended in Jun. 2023 was 75.07.

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

MIL:CUBE' s Days Payable Range Over the Past 10 Years
Min: 85.87 Med: 213.55 Max: 312.17
Current: 138.8

During the past 5 years, Cube Labs SpA's highest Days Payable was 312.17. The lowest was 85.87. And the median was 213.55.

MIL:CUBE's Days Payable is ranked better than
66.17% of 467 companies
in the Asset Management industry
Industry Median: 68.13 vs MIL:CUBE: 138.80

Cube Labs SpA's Days Payable declined from Jun. 2022 (84.52) to Jun. 2023 (75.07). It may suggest that Cube Labs SpA accelerated paying its suppliers.

Cube Labs SpA Days Payable Historical Data

The historical data trend for Cube Labs 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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Cube Labs SpA Days Payable Chart

Cube Labs SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

312.17

278.88

85.87

148.22

Cube Labs SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial			89.98	82.61	84.52	2,142.55	75.07

Competitive Comparison of Cube Labs SpA's Days Payable

For the Asset Management subindustry, Cube Labs 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.

Cube Labs SpA's Days Payable Distribution in the Asset Management Industry

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

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

Cube Labs 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.

Cube Labs 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
=	( (0.153	+	0.275)	/	2 )	/	0.527	*	365
=	0.214					/	0.527	*	365
=	148.22

Cube Labs SpA's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.275	+	0.458)	/	2 )	/	0.891	*	365 / 2
=	0.3665					/	0.891	*	365 / 2
=	75.07

Cube Labs SpA Days Payable Related Terms

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Cube Labs SpA (MIL:CUBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cube Labs SpA (MIL:CUBE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Giulio Caccini, 1, Rome, ITA, 00186

Website

https://cube-labs.com

Cube Labs SpA operates as a venture builder that enables innovation in the healthcare technology space. The company is engaged in attracting sources of financing and providing entrepreneurial and operational support to the companies to develop healthcare technologies for the market.