IAR Systems Group AB (IAR Systems Group AB) Days Payable : 10.16 (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is IAR Systems Group AB Days Payable?

IAR Systems Group AB's average Accounts Payable for the three months ended in Mar. 2024 was $0.66 Mil. IAR Systems Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $5.96 Mil. Hence, IAR Systems Group AB's Days Payable for the three months ended in Mar. 2024 was 10.16.

The historical rank and industry rank for IAR Systems Group AB's Days Payable or its related term are showing as below:

IARGF' s Days Payable Range Over the Past 10 Years
Min: 10.73 Med: 12.72 Max: 15.36
Current: 10.73

During the past 13 years, IAR Systems Group AB's highest Days Payable was 15.36. The lowest was 10.73. And the median was 12.72.

IARGF's Days Payable is ranked worse than
91.03% of 2519 companies
in the Software industry
Industry Median: 50.96 vs IARGF: 10.73

IAR Systems Group AB's Days Payable declined from Mar. 2023 (10.71) to Mar. 2024 (10.16). It may suggest that IAR Systems Group AB accelerated paying its suppliers.

IAR Systems Group AB Days Payable Historical Data

The historical data trend for IAR Systems Group AB'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.

IAR Systems Group AB Days Payable Chart

IAR Systems Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

15.65

11.91

12.98

14.64

10.84

IAR Systems Group AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															10.71	10.49	10.59	10.98	10.16

Competitive Comparison of IAR Systems Group AB's Days Payable

For the Software - Application subindustry, IAR Systems Group AB'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.

IAR Systems Group AB's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, IAR Systems Group AB's Days Payable distribution charts can be found below:

* The bar in red indicates where IAR Systems Group AB's Days Payable falls into.

IAR Systems Group AB 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.

IAR Systems Group AB'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
=	( (0.809	+	0.673)	/	2 )	/	24.948	*	365
=	0.741					/	24.948	*	365
=	10.84

IAR Systems Group AB's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.673	+	0.653)	/	2 )	/	5.955	*	365 / 4
=	0.663					/	5.955	*	365 / 4
=	10.16

IAR Systems Group AB Days Payable Related Terms

Thank you for viewing the detailed overview of IAR Systems Group AB's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

IAR Systems Group AB (IAR Systems Group AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IAR Systems Group AB (OTCPK:IARGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IAR B:Sweden NC91:Germany

Address

Strandbodgatan 1A, Stockholm, SWE, SE-75323

Website

https://www.iar.com

IAR Systems Group AB provides software for the programming processors in embedded systems. The company's customers mainly operate in industrial automation, medical technology, IOT, consumer electronics, and automotive industries that develop products based on 8-, 16, 32-bit processors. Its flagship product is IAR embedded workbench. Geographically, it derives a majority of revenue from the Americas and also has a presence in Asia, EMEA, and the Nordic region.

IAR Systems Group AB (IAR Systems Group AB) Headlines

From GuruFocus

IAR Systems Acquires Secure Thingz

By PRNewswire PRNewswire • 03-21-2018

IAR Systems Simplifies Development of Event-driven Embedded Systems With Updated Design and Code Generation Tool

By PRNewswire PRNewswire • 05-30-2018