Xavi Solutionnode AB (NGM:XAVI B) Days Payable : 17.54 (As of Sep. 2023)

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What is Xavi Solutionnode AB Days Payable?

Xavi Solutionnode AB's average Accounts Payable for the three months ended in Sep. 2023 was kr4.0 Mil. Xavi Solutionnode AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr20.8 Mil. Hence, Xavi Solutionnode AB's Days Payable for the three months ended in Sep. 2023 was 17.54.

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

NGM:XAVI B' s Days Payable Range Over the Past 10 Years
Min: 13.81 Med: 34.21 Max: 195.66
Current: 18.69

During the past 8 years, Xavi Solutionnode AB's highest Days Payable was 195.66. The lowest was 13.81. And the median was 34.21.

NGM:XAVI B's Days Payable is ranked worse than
81.43% of 2526 companies
in the Software industry
Industry Median: 50.42 vs NGM:XAVI B: 18.69

Xavi Solutionnode AB's Days Payable declined from Sep. 2022 (23.32) to Sep. 2023 (17.54). It may suggest that Xavi Solutionnode AB accelerated paying its suppliers.

Xavi Solutionnode AB Days Payable Historical Data

The historical data trend for Xavi Solutionnode 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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Xavi Solutionnode AB Days Payable Chart

Xavi Solutionnode AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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13.81

38.20

195.66

30.33

31.19

Xavi Solutionnode AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															23.32	21.86	21.93	15.84	17.54

Competitive Comparison of Xavi Solutionnode AB's Days Payable

For the Information Technology Services subindustry, Xavi Solutionnode 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.

Xavi Solutionnode AB's Days Payable Distribution in the Software Industry

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

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

Xavi Solutionnode 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.

Xavi Solutionnode AB's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (9.405	+	8.119)	/	2 )	/	102.535	*	365
=	8.762					/	102.535	*	365
=	31.19

Xavi Solutionnode AB's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (4.236	+	3.767)	/	2 )	/	20.812	*	365 / 4
=	4.0015					/	20.812	*	365 / 4
=	17.54

Xavi Solutionnode AB Days Payable Related Terms

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Xavi Solutionnode AB (NGM:XAVI B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xavi Solutionnode AB (NGM:XAVI B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrigatan 17, Harnosand, SWE, 856 53

Website

https://www.xavisolutions.se

Xavi Solutionnode AB is active in the information technology (IT) sector. The purpose of the group is mainly to invest in information technology. The business consists of several business segments that are operated through different brands such as Frontwalker and Tavana. Within the group, resource and competence reinforcement is offered within all phases of the system development process, comprehensive commitments regarding the development and management of large customer-specific IT systems and for staffing IT support.

Xavi Solutionnode AB (NGM:XAVI B) Headlines

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