Webstep ASA (OSL:WSTEP) Days Payable : 25.07 (As of Dec. 2023)

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What is Webstep ASA Days Payable?

Webstep ASA's average Accounts Payable for the three months ended in Dec. 2023 was kr20 Mil. Webstep ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr74 Mil. Hence, Webstep ASA's Days Payable for the three months ended in Dec. 2023 was 25.07.

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

OSL:WSTEP' s Days Payable Range Over the Past 10 Years
Min: 8.01 Med: 9.81 Max: 15.95
Current: 10.09

During the past 11 years, Webstep ASA's highest Days Payable was 15.95. The lowest was 8.01. And the median was 9.81.

OSL:WSTEP's Days Payable is ranked worse than
91.57% of 2528 companies
in the Software industry
Industry Median: 50.5 vs OSL:WSTEP: 10.09

Webstep ASA's Days Payable increased from Dec. 2022 (23.16) to Dec. 2023 (25.07). It may suggest that Webstep ASA delayed paying its suppliers.

Webstep ASA Days Payable Historical Data

The historical data trend for Webstep ASA'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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Webstep ASA Days Payable Chart

Webstep ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.95

14.59

12.46

9.19

9.00

Webstep ASA 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															23.16	8.01	9.03	9.00	25.07

Competitive Comparison of Webstep ASA's Days Payable

For the Information Technology Services subindustry, Webstep ASA'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.

Webstep ASA's Days Payable Distribution in the Software Industry

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

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

Webstep ASA 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.

Webstep ASA'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
=	( (15.215	+	19.813)	/	2 )	/	709.976	*	365
=	17.514					/	709.976	*	365
=	9.00

Webstep ASA'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
=	( (21.039	+	19.813)	/	2 )	/	74.351	*	365 / 4
=	20.426					/	74.351	*	365 / 4
=	25.07

Webstep ASA Days Payable Related Terms

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Webstep ASA (OSL:WSTEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Webstep ASA (OSL:WSTEP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Universitetsgata 2, Rebel, Oslo, NOR, NO-0164

Website

https://www.webstep.com

Webstep ASA is engaged in the provision of information technology (IT) consultancy services. Its core digitalization offerings include digitalization, cloud migration and integration in addition, it also focused on the Internet of Things (IoT), machine learning and analytics. The company also provides cloud services and infrastructure, security and mobility solutions, robotics, as well as IT advisory and management solutions. It operates in two geographical segments, Norway and Sweden. The company earns. majority revenue from Sweden.

Webstep ASA (OSL:WSTEP) Headlines

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