Conferize A/S (OCSE:CONFRZ) Days Payable : 26.52 (As of Dec. 2022)

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What is Conferize A/S Days Payable?

Conferize A/S's average Accounts Payable for the six months ended in Dec. 2022 was kr0.12 Mil. Conferize A/S's Cost of Goods Sold for the six months ended in Dec. 2022 was kr0.85 Mil. Hence, Conferize A/S's Days Payable for the six months ended in Dec. 2022 was 26.52.

The historical rank and industry rank for Conferize A/S's Days Payable or its related term are showing as below:

OCSE:CONFRZ's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.01
* Ranked among companies with meaningful Days Payable only.

Conferize A/S's Days Payable declined from Dec. 2021 (57.45) to Dec. 2022 (26.52). It may suggest that Conferize A/S accelerated paying its suppliers.

Conferize A/S Days Payable Historical Data

The historical data trend for Conferize A/S'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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Conferize A/S Days Payable Chart

Conferize A/S Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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48.45

34.75

48.47

36.43

60.01

Conferize A/S Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Days Payable	Get a 7-Day Free Trial									25.25	18.17	57.45	56.86	26.52

Competitive Comparison of Conferize A/S's Days Payable

For the Software - Application subindustry, Conferize A/S'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.

Conferize A/S's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Conferize A/S's Days Payable distribution charts can be found below:

* The bar in red indicates where Conferize A/S's Days Payable falls into.

Conferize A/S 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.

Conferize A/S'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
=	( (0.567	+	0.093)	/	2 )	/	2.007	*	365
=	0.33					/	2.007	*	365
=	60.01

Conferize A/S's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (0.154	+	0.093)	/	2 )	/	0.85	*	365 / 2
=	0.1235					/	0.85	*	365 / 2
=	26.52

Conferize A/S Days Payable Related Terms

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Conferize A/S (OCSE:CONFRZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Conferize A/S (OCSE:CONFRZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Solvgade 38E, 1, Copenhagen K, DNK, 1307

Website

https://www.conferize.com

Conferize A/S develops an online software solution for the event and conference market. It offers an Event Management System (EMS) - a comprehensive digital toolbox, where organizers simple and free to create, plan, execute and market events. Its software helps event organizers to set up website and ticket sales to build their community.

Conferize A/S (OCSE:CONFRZ) Headlines

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