Cardeon AB (NGM:CARDEO) Days Payable : 70.72 (As of Dec. 2023)

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What is Cardeon AB Days Payable?

Cardeon AB's average Accounts Payable for the six months ended in Dec. 2023 was kr2.61 Mil. Cardeon AB's Cost of Goods Sold for the six months ended in Dec. 2023 was kr6.73 Mil. Hence, Cardeon AB's Days Payable for the six months ended in Dec. 2023 was 70.72.

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

NGM:CARDEO' s Days Payable Range Over the Past 10 Years
Min: 15.52 Med: 41.05 Max: 54.46
Current: 50.78

During the past 7 years, Cardeon AB's highest Days Payable was 54.46. The lowest was 15.52. And the median was 41.05.

NGM:CARDEO's Days Payable is ranked worse than
60.68% of 468 companies
in the Asset Management industry
Industry Median: 68.825 vs NGM:CARDEO: 50.78

Cardeon AB's Days Payable increased from Dec. 2022 (15.18) to Dec. 2023 (70.72). It may suggest that Cardeon AB delayed paying its suppliers.

Cardeon AB Days Payable Historical Data

The historical data trend for Cardeon 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.

Cardeon AB Days Payable Chart

Cardeon AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.53

44.28

15.52

20.68

53.32

Cardeon AB Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								7.50	8.54	15.18	32.92	70.72

Competitive Comparison of Cardeon AB's Days Payable

For the Asset Management subindustry, Cardeon 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.

Cardeon AB's Days Payable Distribution in the Asset Management Industry

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

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

Cardeon 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.

Cardeon 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
=	( (1.185	+	3.294)	/	2 )	/	15.33	*	365
=	2.2395					/	15.33	*	365
=	53.32

Cardeon 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.919	+	3.294)	/	2 )	/	6.726	*	365 / 2
=	2.6065					/	6.726	*	365 / 2
=	70.72

Cardeon AB Days Payable Related Terms

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Cardeon AB (NGM:CARDEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cardeon AB (NGM:CARDEO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gasverksgatan 3, Lund, SWE, SE-222 29

Website

https://www.cardeon.se

Cardeon AB is an investment company. It primarily invests in Nordic innovative companies and startups within life science.

Cardeon AB (NGM:CARDEO) Headlines

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