Prevas AB (OSTO:PREV B) Days Payable : 32.11 (As of Mar. 2024)

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What is Prevas AB Days Payable?

Prevas AB's average Accounts Payable for the three months ended in Mar. 2024 was kr81 Mil. Prevas AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr231 Mil. Hence, Prevas AB's Days Payable for the three months ended in Mar. 2024 was 32.11.

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

OSTO:PREV B' s Days Payable Range Over the Past 10 Years
Min: 31.56 Med: 36.2 Max: 46.37
Current: 44.94

During the past 13 years, Prevas AB's highest Days Payable was 46.37. The lowest was 31.56. And the median was 36.20.

OSTO:PREV B's Days Payable is ranked worse than
53.26% of 2531 companies
in the Software industry
Industry Median: 50.36 vs OSTO:PREV B: 44.94

Prevas AB's Days Payable increased from Mar. 2023 (30.93) to Mar. 2024 (32.11). It may suggest that Prevas AB delayed paying its suppliers.

Prevas AB Days Payable Historical Data

The historical data trend for Prevas 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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Prevas AB Days Payable Chart

Prevas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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36.94

35.41

32.92

41.43

46.37

Prevas 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															30.93	-	-	-	32.11

Competitive Comparison of Prevas AB's Days Payable

For the Information Technology Services subindustry, Prevas 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.

Prevas AB's Days Payable Distribution in the Software Industry

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

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

Prevas 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.

Prevas 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
=	( (71.773	+	81.295)	/	2 )	/	602.4	*	365
=	76.534					/	602.4	*	365
=	46.37

Prevas 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
=	( (81.295	+	0)	/	1 )	/	230.99	*	365 / 4
=	81.295					/	230.99	*	365 / 4
=	32.11

Prevas AB Days Payable Related Terms

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Prevas AB (OSTO:PREV B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Prevas AB (OSTO:PREV B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0H2J:UK

Address

Glodgargrand 14, Box 4, Vasteras, SWE, 72103

Website

https://www.prevas.se

Prevas AB is a Sweden-based information technology (IT) company that offers solutions, services, and products to customers, who develop products with high IT content, and need to streamline and automate their operations. The company's products are segmented as automotive, products and units, steel and minerals, defense, energy, life science, manufacturing, engineering, and telecom industries.

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