Flexdeal Simfe (XLIS:FLEXD) Days Payable : 7.44 (As of Sep. 2023)

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What is Flexdeal Simfe Days Payable?

Flexdeal Simfe's average Accounts Payable for the six months ended in Sep. 2023 was €0.03 Mil. Flexdeal Simfe's Cost of Goods Sold for the six months ended in Sep. 2023 was €0.65 Mil. Hence, Flexdeal Simfe's Days Payable for the six months ended in Sep. 2023 was 7.44.

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

XLIS:FLEXD' s Days Payable Range Over the Past 10 Years
Min: 3.56 Med: 8.37 Max: 13.01
Current: 7.6

During the past 7 years, Flexdeal Simfe's highest Days Payable was 13.01. The lowest was 3.56. And the median was 8.37.

XLIS:FLEXD's Days Payable is ranked worse than
90.38% of 468 companies
in the Asset Management industry
Industry Median: 68.64 vs XLIS:FLEXD: 7.60

Flexdeal Simfe's Days Payable declined from Sep. 2022 (9.71) to Sep. 2023 (7.44). It may suggest that Flexdeal Simfe accelerated paying its suppliers.

Flexdeal Simfe Days Payable Historical Data

The historical data trend for Flexdeal Simfe'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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Flexdeal Simfe Days Payable Chart

Flexdeal Simfe Annual Data

Trend

Dec16

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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3.56

13.01

9.83

6.07

8.72

Flexdeal Simfe Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial							15.44	6.14	9.71	6.64	7.44

Competitive Comparison of Flexdeal Simfe's Days Payable

For the Asset Management subindustry, Flexdeal Simfe'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.

Flexdeal Simfe's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Flexdeal Simfe's Days Payable distribution charts can be found below:

* The bar in red indicates where Flexdeal Simfe's Days Payable falls into.

Flexdeal Simfe 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.

Flexdeal Simfe's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.028	+	0.034)	/	2 )	/	1.297	*	365
=	0.031					/	1.297	*	365
=	8.72

Flexdeal Simfe's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.019	+	0.034)	/	2 )	/	0.65	*	365 / 2
=	0.0265					/	0.65	*	365 / 2
=	7.44

Flexdeal Simfe Days Payable Related Terms

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Flexdeal Simfe (XLIS:FLEXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flexdeal Simfe SA (XLIS:FLEXD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Dr. Francisco Torres N.78, Barcelos, PRT, 4750-160

Website

https://www.flexdeal.pt

Flexdeal Simfe SA is an investment managment company. The company invests in securities issued by companies eligible for investment by movable investment companies to promote the economy.

Flexdeal Simfe (XLIS:FLEXD) Headlines

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