Nordisk Bergteknik AB (OSTO:NORB B) Days Payable : 83.88 (As of Mar. 2024)

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What is Nordisk Bergteknik AB Days Payable?

Nordisk Bergteknik AB's average Accounts Payable for the three months ended in Mar. 2024 was kr243 Mil. Nordisk Bergteknik AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr264 Mil. Hence, Nordisk Bergteknik AB's Days Payable for the three months ended in Mar. 2024 was 83.88.

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

OSTO:NORB B' s Days Payable Range Over the Past 10 Years
Min: 46.59 Med: 59.9 Max: 70.76
Current: 70.76

During the past 6 years, Nordisk Bergteknik AB's highest Days Payable was 70.76. The lowest was 46.59. And the median was 59.90.

OSTO:NORB B's Days Payable is ranked worse than
53.71% of 1603 companies
in the Construction industry
Industry Median: 75.22 vs OSTO:NORB B: 70.76

Nordisk Bergteknik AB's Days Payable increased from Mar. 2023 (54.96) to Mar. 2024 (83.88). It may suggest that Nordisk Bergteknik AB delayed paying its suppliers.

Nordisk Bergteknik AB Days Payable Historical Data

The historical data trend for Nordisk Bergteknik 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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Nordisk Bergteknik AB Days Payable Chart

Nordisk Bergteknik AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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59.88

62.40

59.91

46.59

58.41

Nordisk Bergteknik AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												54.96	66.89	68.70	67.35	83.88

Competitive Comparison of Nordisk Bergteknik AB's Days Payable

For the Engineering & Construction subindustry, Nordisk Bergteknik 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.

Nordisk Bergteknik AB's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nordisk Bergteknik AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Nordisk Bergteknik AB's Days Payable falls into.

Nordisk Bergteknik 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.

Nordisk Bergteknik 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
=	( (219.2	+	238.5)	/	2 )	/	1430.1	*	365
=	228.85					/	1430.1	*	365
=	58.41

Nordisk Bergteknik 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
=	( (238.5	+	247.2)	/	2 )	/	264.2	*	365 / 4
=	242.85					/	264.2	*	365 / 4
=	83.88

Nordisk Bergteknik AB Days Payable Related Terms

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Nordisk Bergteknik AB (OSTO:NORB B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nordisk Bergteknik AB (OSTO:NORB B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9LY:Germany

Address

Östra Hamngatan 52, Gothenburg, SWE, 411 08

Website

https://www.nordiskbergteknik.se

Nordisk Bergteknik AB's business concept is to offer contracting services in infrastructure to the construction mining and construction industries within selected niches in the Nordic countries. It operates in the two business areas of Rock Handling and Foundation Solutions, which in turn are reported in the three financial segments Foundation Sweden, Rock Sweden, and Rock Norway. It generates maximum revenue from the Rock Sweden segment. Its Majority of the revenue comes from Rock Sweden. Geographic areas are Sweden, Norway, Finland, and Other Countries where the majority of revenue comes from Sweden.

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