Exsitec Holding AB (OSTO:EXS) Days Payable : 24.39 (As of Mar. 2024)

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What is Exsitec Holding AB Days Payable?

Exsitec Holding AB's average Accounts Payable for the three months ended in Mar. 2024 was kr39.5 Mil. Exsitec Holding AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr147.9 Mil. Hence, Exsitec Holding AB's Days Payable for the three months ended in Mar. 2024 was 24.39.

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

OSTO:EXS' s Days Payable Range Over the Past 10 Years
Min: 23.04 Med: 32.26 Max: 39.74
Current: 23.04

During the past 6 years, Exsitec Holding AB's highest Days Payable was 39.74. The lowest was 23.04. And the median was 32.26.

OSTO:EXS's Days Payable is ranked worse than
75.57% of 2534 companies
in the Software industry
Industry Median: 50.345 vs OSTO:EXS: 23.04

Exsitec Holding AB's Days Payable increased from Mar. 2023 (21.16) to Mar. 2024 (24.39). It may suggest that Exsitec Holding AB delayed paying its suppliers.

Exsitec Holding AB Days Payable Historical Data

The historical data trend for Exsitec Holding 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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Exsitec Holding AB Days Payable Chart

Exsitec Holding AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.21

32.23

35.09

30.76

32.28

Exsitec Holding 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															21.16	19.03	25.54	29.13	24.39

Competitive Comparison of Exsitec Holding AB's Days Payable

For the Information Technology Services subindustry, Exsitec Holding 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.

Exsitec Holding AB's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Exsitec Holding AB's Days Payable falls into.

Exsitec Holding 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.

Exsitec Holding 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
=	( (38.176	+	54.209)	/	2 )	/	522.377	*	365
=	46.1925					/	522.377	*	365
=	32.28

Exsitec Holding 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
=	( (54.209	+	24.863)	/	2 )	/	147.89	*	365 / 4
=	39.536					/	147.89	*	365 / 4
=	24.39

Exsitec Holding AB Days Payable Related Terms

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Exsitec Holding AB (OSTO:EXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Exsitec Holding AB (OSTO:EXS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Snickaregatan 40, Linkoping, SWE, 582 26

Website

https://www.exsitec.se

Exsitec Holding AB provides information technology services. The business activities of the company include IT support by providing support, management, and further development of the IT systems of the customers. The company offers e-commerce solutions, software development, IT training, and other related services. The group's operations are managed and reported based on the three operating segments: Sweden, Norway, and Denmark. The majority of its revenue is derived from Sweden.

Exsitec Holding AB (OSTO:EXS) Headlines

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