TietoEVRY (OHEL:TIETO) Days Payable : 83.48 (As of Mar. 2024)

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What is TietoEVRY Days Payable?

TietoEVRY's average Accounts Payable for the three months ended in Mar. 2024 was €505 Mil. TietoEVRY's Cost of Goods Sold for the three months ended in Mar. 2024 was €552 Mil. Hence, TietoEVRY's Days Payable for the three months ended in Mar. 2024 was 83.48.

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

OHEL:TIETO' s Days Payable Range Over the Past 10 Years
Min: 28.58 Med: 33.86 Max: 116.88
Current: 116.88

During the past 13 years, TietoEVRY's highest Days Payable was 116.88. The lowest was 28.58. And the median was 33.86.

OHEL:TIETO's Days Payable is ranked better than
73% of 2526 companies
in the Software industry
Industry Median: 50.42 vs OHEL:TIETO: 116.88

TietoEVRY's Days Payable declined from Mar. 2023 (86.71) to Mar. 2024 (83.48). It may suggest that TietoEVRY accelerated paying its suppliers.

TietoEVRY Days Payable Historical Data

The historical data trend for TietoEVRY'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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TietoEVRY Days Payable Chart

TietoEVRY Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.95

33.87

42.69

43.78

39.63

TietoEVRY Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															86.71	131.83	131.22	89.43	83.48

Competitive Comparison of TietoEVRY's Days Payable

For the Information Technology Services subindustry, TietoEVRY'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.

TietoEVRY's Days Payable Distribution in the Software Industry

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

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

TietoEVRY 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.

TietoEVRY'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
=	( (233.9	+	206.9)	/	2 )	/	2029.9	*	365
=	220.4					/	2029.9	*	365
=	39.63

TietoEVRY's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (206.9	+	802.2)	/	2 )	/	551.5	*	365 / 4
=	504.55					/	551.5	*	365 / 4
=	83.48

TietoEVRY Days Payable Related Terms

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TietoEVRY (OHEL:TIETO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TietoEVRY Corp (OHEL:TIETO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TIETOS:Sweden TIETO:Norway TIETOh:UK 0KG0:UK TTEB:Germany

Address

Keilalahdentie 2-4, P.O. Box 2, Espoo, FIN, FI-02101

Website

https://www.tietoevry.com

TietoEVRY Corp is a Finland-based company engaged in providing information technology services software to both public and private sectors. The company's operation is organized into six segments: Digital Experience, Hybrid Infra, Industry Software, Product Development Services, EVRY, and Other Operations. Among all segments, Industry Software derives the highest profit and margin. The company operates mainly in Europe, including Sweden, Norway, and Finland, but it also has business in China and India.

TietoEVRY (OHEL:TIETO) Headlines

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