Industrie Chimiche Forestali SpA (MIL:ICF) Days Payable : 107.14 (As of Dec. 2023)

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What is Industrie Chimiche Forestali SpA Days Payable?

Industrie Chimiche Forestali SpA's average Accounts Payable for the six months ended in Dec. 2023 was €14.11 Mil. Industrie Chimiche Forestali SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €24.03 Mil. Hence, Industrie Chimiche Forestali SpA's Days Payable for the six months ended in Dec. 2023 was 107.14.

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

MIL:ICF' s Days Payable Range Over the Past 10 Years
Min: 100.66 Med: 106.15 Max: 119.34
Current: 111.52

During the past 7 years, Industrie Chimiche Forestali SpA's highest Days Payable was 119.34. The lowest was 100.66. And the median was 106.15.

MIL:ICF's Days Payable is ranked better than
80.86% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs MIL:ICF: 111.52

Industrie Chimiche Forestali SpA's Days Payable declined from Dec. 2022 (112.14) to Dec. 2023 (107.14). It may suggest that Industrie Chimiche Forestali SpA accelerated paying its suppliers.

Industrie Chimiche Forestali SpA Days Payable Historical Data

The historical data trend for Industrie Chimiche Forestali 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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Industrie Chimiche Forestali SpA Days Payable Chart

Industrie Chimiche Forestali SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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101.60

119.34

100.66

106.84

114.26

Industrie Chimiche Forestali SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					113.68	107.43	112.14	112.87	107.14

Competitive Comparison of Industrie Chimiche Forestali SpA's Days Payable

For the Specialty Chemicals subindustry, Industrie Chimiche Forestali 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.

Industrie Chimiche Forestali SpA's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Industrie Chimiche Forestali SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where Industrie Chimiche Forestali SpA's Days Payable falls into.

Industrie Chimiche Forestali 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.

Industrie Chimiche Forestali SpA'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
=	( (18.232	+	13.491)	/	2 )	/	50.67	*	365
=	15.8615					/	50.67	*	365
=	114.26

Industrie Chimiche Forestali SpA'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
=	( (14.721	+	13.491)	/	2 )	/	24.028	*	365 / 2
=	14.106					/	24.028	*	365 / 2
=	107.14

Industrie Chimiche Forestali SpA Days Payable Related Terms

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Industrie Chimiche Forestali SpA (MIL:ICF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Industrie Chimiche Forestali SpA (MIL:ICF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Fratelli Kennedy, 75, Marcallo con Casone, Milano, ITA, 20010

Website

https://www.forestali.it

Industrie Chimiche Forestali SpA is engaged in the design, production and marketing of high-tech adhesives and fabrics mainly for the following markets: footwear & leather goods, automotive and packaging.