Bulgartabac Holding AD (XBUL:BTH) Days Payable : 285.68 (As of Dec. 2016)

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What is Bulgartabac Holding AD Days Payable?

Bulgartabac Holding AD's average Accounts Payable for the three months ended in Dec. 2016 was лв178.6 Mil. Bulgartabac Holding AD's Cost of Goods Sold for the three months ended in Dec. 2016 was лв57.1 Mil. Hence, Bulgartabac Holding AD's Days Payable for the three months ended in Dec. 2016 was 285.68.

The historical rank and industry rank for Bulgartabac Holding AD's Days Payable or its related term are showing as below:

XBUL:BTH's Days Payable is not ranked ^*
in the Tobacco Products industry.
Industry Median: 59.225
* Ranked among companies with meaningful Days Payable only.

Bulgartabac Holding AD's Days Payable increased from Dec. 2015 (116.42) to Dec. 2016 (285.68). It may suggest that Bulgartabac Holding AD delayed paying its suppliers.

Bulgartabac Holding AD Days Payable Historical Data

The historical data trend for Bulgartabac Holding AD'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.

* Premium members only.

Bulgartabac Holding AD Days Payable Chart

Bulgartabac Holding AD Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Payable

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79.16

88.68

105.10

121.75

262.55

Bulgartabac Holding AD Quarterly Data
	Dec09	Dec10	Dec11	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Days Payable	Get a 7-Day Free Trial															116.42	205.29	423.14	182.70	285.68

Competitive Comparison of Bulgartabac Holding AD's Days Payable

For the Tobacco subindustry, Bulgartabac Holding AD'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.

Bulgartabac Holding AD's Days Payable Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Bulgartabac Holding AD's Days Payable distribution charts can be found below:

* The bar in red indicates where Bulgartabac Holding AD's Days Payable falls into.

Bulgartabac Holding AD 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.

Bulgartabac Holding AD's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

	Days Payable (A: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2015 )	+	Accounts Payable (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (99.315	+	190.361)	/	2 )	/	201.353	*	365
=	144.838					/	201.353	*	365
=	262.55

Bulgartabac Holding AD's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

	Days Payable (Q: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2016 )	+	Accounts Payable (Q: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
=	( (166.866	+	190.361)	/	2 )	/	57.052	*	365 / 4
=	178.6135					/	57.052	*	365 / 4
=	285.68

Bulgartabac Holding AD Days Payable Related Terms

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Bulgartabac Holding AD (XBUL:BTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Bulgartabac Holding AD (XBUL:BTH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

62 Graf Ignatiev Street, Sofia, BGR, 1000

Website

http://www.bulgartabac.bg

Bulgartabac Holding AD is a cigarettes manufacturer in Bulgaria. The company is an exporter of processed Virginia, Burley & Oriental tobaccos. It supplies aromatic and semi-aromatic types of tobaccos. Its products include Victory, Class S, Femina Slim, Prestige & Welcome.

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