Godsinlosen Nordic AB (FRA:83H) Days Payable : 35.88 (As of Dec. 2023)

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What is Godsinlosen Nordic AB Days Payable?

Godsinlosen Nordic AB's average Accounts Payable for the three months ended in Dec. 2023 was €1.15 Mil. Godsinlosen Nordic AB's Cost of Goods Sold for the three months ended in Dec. 2023 was €2.91 Mil. Hence, Godsinlosen Nordic AB's Days Payable for the three months ended in Dec. 2023 was 35.88.

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

FRA:83H' s Days Payable Range Over the Past 10 Years
Min: 31.95 Med: 35.49 Max: 40.31
Current: 40.27

During the past 5 years, Godsinlosen Nordic AB's highest Days Payable was 40.31. The lowest was 31.95. And the median was 35.49.

FRA:83H's Days Payable is ranked worse than
56.65% of 2528 companies
in the Software industry
Industry Median: 50.5 vs FRA:83H: 40.27

Godsinlosen Nordic AB's Days Payable declined from Dec. 2022 (36.55) to Dec. 2023 (35.88). It may suggest that Godsinlosen Nordic AB accelerated paying its suppliers.

Godsinlosen Nordic AB Days Payable Historical Data

The historical data trend for Godsinlosen Nordic 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.

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Godsinlosen Nordic AB Days Payable Chart

Godsinlosen Nordic AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

35.49

32.12

32.11

41.17

40.72

Godsinlosen Nordic AB Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											36.55	47.19	42.50	36.84	35.88

Competitive Comparison of Godsinlosen Nordic AB's Days Payable

For the Information Technology Services subindustry, Godsinlosen Nordic 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.

Godsinlosen Nordic AB's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Godsinlosen Nordic AB's Days Payable falls into.

Godsinlosen Nordic 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.

Godsinlosen Nordic 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
=	( (1.503	+	1.08)	/	2 )	/	11.577	*	365
=	1.2915					/	11.577	*	365
=	40.72

Godsinlosen Nordic AB'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.211	+	1.08)	/	2 )	/	2.913	*	365 / 4
=	1.1455					/	2.913	*	365 / 4
=	35.88

Godsinlosen Nordic AB Days Payable Related Terms

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Godsinlosen Nordic AB (FRA:83H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Godsinlosen Nordic AB (FRA:83H) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GIAB:Sweden

Address

Handelsvagen 18, Staffanstorp, SWE, 245 22

Website

https://www.giabnordic.se

Godsinlosen Nordic AB is an innovative growth company whose business concept is to optimize product flows according to circular economic principles. The company delivers a complete solution for handling returns and complaints to e-retailers, producers and distributors in a cost-effective and sustainable way, and offers a complete circular claims settlement process to the insurance industry.

Godsinlosen Nordic AB (FRA:83H) Headlines

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