GomSpace Group AB (OSTO:GOMX) Days Payable : 63.79 (As of Sep. 2023)

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What is GomSpace Group AB Days Payable?

GomSpace Group AB's average Accounts Payable for the three months ended in Sep. 2023 was kr40.3 Mil. GomSpace Group AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr57.6 Mil. Hence, GomSpace Group AB's Days Payable for the three months ended in Sep. 2023 was 63.79.

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

OSTO:GOMX' s Days Payable Range Over the Past 10 Years
Min: 38.59 Med: 51.35 Max: 199.44
Current: 48.06

During the past 9 years, GomSpace Group AB's highest Days Payable was 199.44. The lowest was 38.59. And the median was 51.35.

OSTO:GOMX's Days Payable is ranked worse than
67% of 297 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs OSTO:GOMX: 48.06

GomSpace Group AB's Days Payable increased from Sep. 2022 (37.02) to Sep. 2023 (63.79). It may suggest that GomSpace Group AB delayed paying its suppliers.

GomSpace Group AB Days Payable Historical Data

The historical data trend for GomSpace 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.

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GomSpace Group AB Days Payable Chart

GomSpace Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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50.40

38.59

39.50

58.78

42.85

GomSpace Group AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															37.02	40.39	37.26	46.88	63.79

Competitive Comparison of GomSpace Group AB's Days Payable

For the Aerospace & Defense subindustry, GomSpace 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.

GomSpace Group AB's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GomSpace Group AB's Days Payable distribution charts can be found below:

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

GomSpace 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.

GomSpace Group AB's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (30.83	+	27.757)	/	2 )	/	249.498	*	365
=	29.2935					/	249.498	*	365
=	42.85

GomSpace Group AB's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (38.834	+	41.734)	/	2 )	/	57.628	*	365 / 4
=	40.284					/	57.628	*	365 / 4
=	63.79

GomSpace Group AB Days Payable Related Terms

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GomSpace Group AB (OSTO:GOMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » GomSpace Group AB (OSTO:GOMX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1G2:Germany

Address

Ulls Vag 29A, Uppsala, SWE, SE-756 51

Website

https://gomspace.com

GomSpace Group AB develops and commercializes nano-satellites. It provides turn-key solutions to enable space-based businesses including solutions for IoT, communication, tracking, surveillance, and remote sensing. The company also offers professional nano-satellite turn-key solutions, platforms, commercial off the shelf sub-systems, software modules, and off-the-shelf payloads for tracking or deliver payloads to customer requirements based on radio technology building blocks. Its business areas are Academia, Commercial, Defense, and Science operating geographically in Sweden, Denmark, other parts of Europe, the United States, Asia and Rest of the world. The company earns Majority of its revenue comes from Denmark.

GomSpace Group AB (OSTO:GOMX) Headlines

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