Porto Aviation Group SpA (MIL:PAG) Days Payable : 170.81 (As of Dec. 2023)

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What is Porto Aviation Group SpA Days Payable?

Porto Aviation Group SpA's average Accounts Payable for the six months ended in Dec. 2023 was €1.01 Mil. Porto Aviation Group SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €2.15 Mil. Hence, Porto Aviation Group SpA's Days Payable for the six months ended in Dec. 2023 was 85.40.

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

MIL:PAG' s Days Payable Range Over the Past 10 Years
Min: 170.81 Med: 176.6 Max: 208.57
Current: 170.81

During the past 3 years, Porto Aviation Group SpA's highest Days Payable was 208.57. The lowest was 170.81. And the median was 176.60.

MIL:PAG's Days Payable is ranked better than
74.5% of 298 companies
in the Aerospace & Defense industry
Industry Median: 78.04 vs MIL:PAG: 170.81

Porto Aviation Group SpA's Days Payable declined from Dec. 2021 (176.60) to Dec. 2023 (170.81). It may suggest that Porto Aviation Group SpA accelerated paying its suppliers.

Porto Aviation Group SpA Days Payable Historical Data

The historical data trend for Porto Aviation Group 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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Porto Aviation Group SpA Days Payable Chart

Porto Aviation Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

176.60

208.57

170.81

Porto Aviation Group SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Days Payable	176.60	208.57	170.81

Competitive Comparison of Porto Aviation Group SpA's Days Payable

For the Aerospace & Defense subindustry, Porto Aviation Group 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.

Porto Aviation Group SpA's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Porto Aviation Group SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where Porto Aviation Group SpA's Days Payable falls into.

Porto Aviation Group 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.

Porto Aviation Group 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
=	( (1.738	+	0.278)	/	2 )	/	2.154	*	365
=	1.008					/	2.154	*	365
=	170.81

Porto Aviation Group 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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.738	+	0.278)	/	2 )	/	2.154	*	365 / 2
=	1.008					/	2.154	*	365 / 2
=	85.40

Porto Aviation Group SpA Days Payable Related Terms

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Porto Aviation Group SpA (MIL:PAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Porto Aviation Group SpA (MIL:PAG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

M2N:Germany

Address

Via Confalonieri 22, Cremella, Lecco, ITA, 23894

Website

https://www.portoaviationgroup.com

Porto Aviation Group SpA designs, constructs, and markets single-engine aircraft. The group develops an activity of manufacturing aeronautical components, particularly propellers, propeller systems, control systems, wheels, braking systems, hydraulic components, fuel systems, aluminum alloy sections, and tubes.