Sarsys AB (NGM:SARS) Days Payable : 46.04 (As of Dec. 2023)

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What is Sarsys AB Days Payable?

Sarsys AB's average Accounts Payable for the three months ended in Dec. 2023 was kr2.85 Mil. Sarsys AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr5.64 Mil. Hence, Sarsys AB's Days Payable for the three months ended in Dec. 2023 was 46.04.

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

NGM:SARS' s Days Payable Range Over the Past 10 Years
Min: 41.19 Med: 57.92 Max: 129.71
Current: 83.11

During the past 13 years, Sarsys AB's highest Days Payable was 129.71. The lowest was 41.19. And the median was 57.92.

NGM:SARS's Days Payable is ranked better than
61.5% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs NGM:SARS: 83.11

Sarsys AB's Days Payable declined from Dec. 2022 (156.64) to Dec. 2023 (46.04). It may suggest that Sarsys AB accelerated paying its suppliers.

Sarsys AB Days Payable Historical Data

The historical data trend for Sarsys 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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Sarsys AB Days Payable Chart

Sarsys AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.82

67.95

93.25

129.71

83.00

Sarsys AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															156.64	191.94	-	-	46.04

Competitive Comparison of Sarsys AB's Days Payable

For the Scientific & Technical Instruments subindustry, Sarsys 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.

Sarsys AB's Days Payable Distribution in the Hardware Industry

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

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

Sarsys 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.

Sarsys 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
=	( (5.675	+	2.847)	/	2 )	/	18.739	*	365
=	4.261					/	18.739	*	365
=	83.00

Sarsys 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
=	( (0	+	2.847)	/	1 )	/	5.643	*	365 / 4
=	2.847					/	5.643	*	365 / 4
=	46.04

Sarsys AB Days Payable Related Terms

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Sarsys AB (NGM:SARS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sarsys AB (NGM:SARS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Piledalsvagen 51, Box 31, Kopingebro, SWE, 271 73

Website

https://www.sarsys-asft.com

Sarsys AB formerly SARSYS-ASFT AB is a developer and manufacturer of Continuous Friction Measuring Equipment and provider of cutting-edge ITS and Road/Runway Weather Information System. ASTF products include Volvo XC60/V90 Friction Tester, VW Sharan Friction, Skoda Octavia Friction, T-5 Trailer Friction, and T2GO Friction Tester. SARSYS products include Sarsys Volvo Friction Tester (V90), Sarsys Opel Friction, Sarsys Friction Tester Transporter, and Sarsys Trailer Friction Tester. The products include computerized technology for monitoring factors such as friction, freezing points, early ice warning-systems, precipitation, groundfrost, ice deposit growth, camera-surveillance systems among others.

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