Tan Delta Systems (FRA:TB4) Days Payable : 0.00 (As of Dec. 2023)

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What is Tan Delta Systems Days Payable?

Tan Delta Systems's average Accounts Payable for the three months ended in Dec. 2023 was €0.40 Mil. Tan Delta Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was €0.00 Mil.

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

FRA:TB4' s Days Payable Range Over the Past 10 Years
Min: 76.16 Med: 130.36 Max: 182.81
Current: 166.65

During the past 4 years, Tan Delta Systems's highest Days Payable was 182.81. The lowest was 76.16. And the median was 130.36.

FRA:TB4's Days Payable is ranked better than
79.25% of 901 companies
in the Oil & Gas industry
Industry Median: 61.11 vs FRA:TB4: 166.65

Tan Delta Systems's Days Payable stayed the same from Dec. 2021 (0.00) to Dec. 2023 (0.00). stayed the same

Tan Delta Systems Days Payable Historical Data

The historical data trend for Tan Delta Systems'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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Tan Delta Systems Days Payable Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

76.53

120.84

138.45

182.23

Tan Delta Systems Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	71.09	71.56	87.01	-

Competitive Comparison of Tan Delta Systems's Days Payable

For the Oil & Gas Equipment & Services subindustry, Tan Delta Systems'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.

Tan Delta Systems's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tan Delta Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Tan Delta Systems's Days Payable falls into.

Tan Delta Systems 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.

Tan Delta Systems'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
=	( (0.327	+	0.354)	/	2 )	/	0.682	*	365
=	0.3405					/	0.682	*	365
=	182.23

Tan Delta Systems'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.453	+	0.354)	/	2 )	/	0	*	365 / 4
=	0.4035					/	0	*	365 / 4
=	N/A

Tan Delta Systems Days Payable Related Terms

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Tan Delta Systems (FRA:TB4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (FRA:TB4) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TAND:UK

Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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