Spindox SpA (MIL:SPN) Days Payable : 42.24 (As of Dec. 2023)

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What is Spindox SpA Days Payable?

Spindox SpA's average Accounts Payable for the six months ended in Dec. 2023 was €8.64 Mil. Spindox SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €37.31 Mil. Hence, Spindox SpA's Days Payable for the six months ended in Dec. 2023 was 42.24.

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

MIL:SPN' s Days Payable Range Over the Past 10 Years
Min: 40.5 Med: 46.65 Max: 51.97
Current: 45.22

During the past 5 years, Spindox SpA's highest Days Payable was 51.97. The lowest was 40.50. And the median was 46.65.

MIL:SPN's Days Payable is ranked worse than
53.35% of 2534 companies
in the Software industry
Industry Median: 50.345 vs MIL:SPN: 45.22

Spindox SpA's Days Payable declined from Dec. 2022 (42.65) to Dec. 2023 (42.24). It may suggest that Spindox SpA accelerated paying its suppliers.

Spindox SpA Days Payable Historical Data

The historical data trend for Spindox 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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Spindox SpA Days Payable Chart

Spindox SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

40.50

41.84

46.65

51.97

47.46

Spindox SpA Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	41.32	42.65	46.10	42.24

Competitive Comparison of Spindox SpA's Days Payable

For the Information Technology Services subindustry, Spindox 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.

Spindox SpA's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Spindox SpA's Days Payable distribution charts can be found below:

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

Spindox 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.

Spindox 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
=	( (9.447	+	9.248)	/	2 )	/	71.889	*	365
=	9.3475					/	71.889	*	365
=	47.46

Spindox 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
=	( (8.022	+	9.248)	/	2 )	/	37.311	*	365 / 2
=	8.635					/	37.311	*	365 / 2
=	42.24

Spindox SpA Days Payable Related Terms

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Spindox SpA (MIL:SPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spindox SpA (MIL:SPN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

via Bisceglie 76, Milan, ITA, 20152

Website

https://www.spindox.it

Spindox SpA operates in the Information and Communication Technology services and products market. It offers consulting, IT and network engineering services, AI technological solutions, and research support in the Italian market.

Spindox SpA (MIL:SPN) Headlines

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