Res SpA (MIL:RES) Days Payable : 183.71 (As of Dec. 2023)

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What is Res SpA Days Payable?

Res SpA's average Accounts Payable for the six months ended in Dec. 2023 was €6.21 Mil. Res SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €6.17 Mil. Hence, Res SpA's Days Payable for the six months ended in Dec. 2023 was 183.71.

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

MIL:RES' s Days Payable Range Over the Past 10 Years
Min: 119.79 Med: 182.14 Max: 191.84
Current: 171.52

During the past 3 years, Res SpA's highest Days Payable was 191.84. The lowest was 119.79. And the median was 182.14.

MIL:RES's Days Payable is ranked better than
71.24% of 226 companies
in the Waste Management industry
Industry Median: 72.98 vs MIL:RES: 171.52

Res SpA's Days Payable increased from Dec. 2022 (99.79) to Dec. 2023 (183.71). It may suggest that Res SpA delayed paying its suppliers.

Res SpA Days Payable Historical Data

The historical data trend for Res 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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Res SpA Days Payable Chart

Res SpA Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

182.14

119.79

191.84

Res SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	-	155.99	99.79	138.81	183.71

Competitive Comparison of Res SpA's Days Payable

For the Waste Management subindustry, Res 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.

Res SpA's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Res SpA's Days Payable distribution charts can be found below:

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

Res 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.

Res 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
=	( (4.906	+	8.013)	/	2 )	/	12.29	*	365
=	6.4595					/	12.29	*	365
=	191.84

Res 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
=	( (4.405	+	8.013)	/	2 )	/	6.168	*	365 / 2
=	6.209					/	6.168	*	365 / 2
=	183.71

Res SpA Days Payable Related Terms

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Res SpA (MIL:RES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Res SpA (MIL:RES) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pettoranello del Molise, Zona Industriale, ITA, 86090

Website

https://www.recuperoeticosostenibile.it

Res SpA operates in the waste sector. The business activity is mainly focused on the collection and sorting of materials. The company deals with the entire waste management process from selection to functional treatment and transformation to the regeneration and recovery of waste and reuse as production raw materials.