CeoTronics AG (FRA:CEK) Days Payable : 42.66 (As of Nov. 2023)

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What is CeoTronics AG Days Payable?

CeoTronics AG's average Accounts Payable for the six months ended in Nov. 2023 was €1.39 Mil. CeoTronics AG's Cost of Goods Sold for the six months ended in Nov. 2023 was €5.94 Mil. Hence, CeoTronics AG's Days Payable for the six months ended in Nov. 2023 was 42.66.

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

FRA:CEK' s Days Payable Range Over the Past 10 Years
Min: 16.03 Med: 30.77 Max: 42.19
Current: 34.18

During the past 13 years, CeoTronics AG's highest Days Payable was 42.19. The lowest was 16.03. And the median was 30.77.

FRA:CEK's Days Payable is ranked worse than
84.26% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs FRA:CEK: 34.18

CeoTronics AG's Days Payable increased from Nov. 2022 (28.10) to Nov. 2023 (42.66). It may suggest that CeoTronics AG delayed paying its suppliers.

CeoTronics AG Days Payable Historical Data

The historical data trend for CeoTronics AG'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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CeoTronics AG Days Payable Chart

CeoTronics AG Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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40.29

42.19

38.13

29.40

32.14

CeoTronics AG Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Days Payable	Get a 7-Day Free Trial															23.29	29.71	28.10	28.88	42.66

Competitive Comparison of CeoTronics AG's Days Payable

For the Communication Equipment subindustry, CeoTronics AG'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.

CeoTronics AG's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, CeoTronics AG's Days Payable distribution charts can be found below:

* The bar in red indicates where CeoTronics AG's Days Payable falls into.

CeoTronics AG 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.

CeoTronics AG's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (1.362	+	1.384)	/	2 )	/	15.594	*	365
=	1.373					/	15.594	*	365
=	32.14

CeoTronics AG's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (1.384	+	1.395)	/	2 )	/	5.944	*	365 / 2
=	1.3895					/	5.944	*	365 / 2
=	42.66

CeoTronics AG Days Payable Related Terms

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CeoTronics AG (FRA:CEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CeoTronics AG (FRA:CEK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CEK:Germany

Address

Ceotronics AG, Adam-opel-strac E 6, Rödermark, DEU, 63322

Website

http://www.ceotronics.com

CeoTronics AG is a provider of short-range mobile digital wireless radio networks and communication headsets and systems for professional use.

CeoTronics AG (FRA:CEK) Headlines

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