AQ Group AB (OSTO:AQ) Days Payable : 65.69 (As of Mar. 2024)

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What is AQ Group AB Days Payable?

AQ Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr806 Mil. AQ Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1,119 Mil. Hence, AQ Group AB's Days Payable for the three months ended in Mar. 2024 was 65.69.

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

OSTO:AQ' s Days Payable Range Over the Past 10 Years
Min: 62.17 Med: 65.7 Max: 76.37
Current: 67.72

During the past 13 years, AQ Group AB's highest Days Payable was 76.37. The lowest was 62.17. And the median was 65.70.

OSTO:AQ's Days Payable is ranked worse than
56.99% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs OSTO:AQ: 67.72

AQ Group AB's Days Payable declined from Mar. 2023 (68.78) to Mar. 2024 (65.69). It may suggest that AQ Group AB accelerated paying its suppliers.

AQ Group AB Days Payable Historical Data

The historical data trend for AQ Group 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.

* Premium members only.

AQ Group AB Days Payable Chart

AQ Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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62.87

67.07

74.88

76.37

63.27

AQ Group AB 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															68.78	68.18	69.33	63.85	65.69

Competitive Comparison of AQ Group AB's Days Payable

For the Electrical Equipment & Parts subindustry, AQ Group 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.

AQ Group AB's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AQ Group AB's Days Payable distribution charts can be found below:

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

AQ Group 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.

AQ Group 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
=	( (862	+	763)	/	2 )	/	4687	*	365
=	812.5					/	4687	*	365
=	63.27

AQ Group AB'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
=	( (763	+	848)	/	2 )	/	1119	*	365 / 4
=	805.5					/	1119	*	365 / 4
=	65.69

AQ Group AB Days Payable Related Terms

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AQ Group AB (OSTO:AQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AQ Group AB (OSTO:AQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7AQ:Germany

Address

Regattagatan 29, Vasteras, SWE, 723 48

Website

https://www.aqg.se

AQ Group AB is a supplier of manufacturing and assembling tool-bound sheet metal and thermoplastic parts to demanding industrial customers. The company's business consists of the System and Component segments. The System segment includes Electric Cabinets and System Products business areas. The Component segment encompasses business areas of Precision stamping and Injection Molding, Inductive Components, Wiring Systems, Sheet Metal Processing as well as Special Technologies and Engineering. Majority of the revenue is derived from Component segment. It operates around the globe with majority revenue from Sweden.