Euroafrica Digital Ventures AB (OSTO:EURA) Days Payable : 630.77 (As of Mar. 2024)

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What is Euroafrica Digital Ventures AB Days Payable?

Euroafrica Digital Ventures AB's average Accounts Payable for the three months ended in Mar. 2024 was kr3.64 Mil. Euroafrica Digital Ventures AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.53 Mil. Hence, Euroafrica Digital Ventures AB's Days Payable for the three months ended in Mar. 2024 was 630.77.

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

OSTO:EURA' s Days Payable Range Over the Past 10 Years
Min: 21.01 Med: 45.99 Max: 828.98
Current: 828.98

During the past 5 years, Euroafrica Digital Ventures AB's highest Days Payable was 828.98. The lowest was 21.01. And the median was 45.99.

OSTO:EURA's Days Payable is ranked better than
94.83% of 2536 companies
in the Software industry
Industry Median: 50.42 vs OSTO:EURA: 828.98

Euroafrica Digital Ventures AB's Days Payable increased from Dec. 2022 (44.13) to Mar. 2024 (630.77). It may suggest that Euroafrica Digital Ventures AB delayed paying its suppliers.

Euroafrica Digital Ventures AB Days Payable Historical Data

The historical data trend for Euroafrica Digital Ventures 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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Euroafrica Digital Ventures AB Days Payable Chart

Euroafrica Digital Ventures AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

21.01

44.48

47.50

73.67

Euroafrica Digital Ventures AB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									44.13	152.91	286.81	-	630.77

Competitive Comparison of Euroafrica Digital Ventures AB's Days Payable

For the Information Technology Services subindustry, Euroafrica Digital Ventures 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.

Euroafrica Digital Ventures AB's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Euroafrica Digital Ventures AB's Days Payable falls into.

Euroafrica Digital Ventures 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.

Euroafrica Digital Ventures 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
=	( (4.587	+	3.746)	/	2 )	/	20.642	*	365
=	4.1665					/	20.642	*	365
=	73.67

Euroafrica Digital Ventures 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
=	( (3.746	+	3.526)	/	2 )	/	0.526	*	365 / 4
=	3.636					/	0.526	*	365 / 4
=	630.77

Euroafrica Digital Ventures AB Days Payable Related Terms

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Euroafrica Digital Ventures AB (OSTO:EURA) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Brahegatan 29, Stockholm, SWE, 114 37

Website

https://www.euroafricadigitalventures.com

Euroafrica Digital Ventures AB is a tech hub for digital services and platforms. The company owns and operates services and platforms for both Business to Business and Business to Consumer in fastest growing markets. The company's business concept is to identify functioning digital business models in a mature market such as Sweden and establish it in fast and less developed growth markets such as East Africa.

Euroafrica Digital Ventures AB (OSTO:EURA) Headlines

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