Softronic AB (OSTO:SOF B) Days Payable : 14.79 (As of Mar. 2024)

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What is Softronic AB Days Payable?

Softronic AB's average Accounts Payable for the three months ended in Mar. 2024 was kr31.6 Mil. Softronic AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr194.7 Mil. Hence, Softronic AB's Days Payable for the three months ended in Mar. 2024 was 14.79.

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

OSTO:SOF B' s Days Payable Range Over the Past 10 Years
Min: 17.42 Med: 23.75 Max: 25.95
Current: 19.52

During the past 13 years, Softronic AB's highest Days Payable was 25.95. The lowest was 17.42. And the median was 23.75.

OSTO:SOF B's Days Payable is ranked worse than
79.79% of 2523 companies
in the Software industry
Industry Median: 49.5 vs OSTO:SOF B: 19.52

Softronic AB's Days Payable declined from Mar. 2023 (19.47) to Mar. 2024 (14.79). It may suggest that Softronic AB accelerated paying its suppliers.

Softronic AB Days Payable Historical Data

The historical data trend for Softronic 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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Softronic AB Days Payable Chart

Softronic AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.53

23.36

24.27

25.40

19.51

Softronic 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															19.47	-	-	16.78	14.79

Competitive Comparison of Softronic AB's Days Payable

For the Information Technology Services subindustry, Softronic 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.

Softronic AB's Days Payable Distribution in the Software Industry

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

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

Softronic 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.

Softronic 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
=	( (41.607	+	31.555)	/	2 )	/	684.271	*	365
=	36.581					/	684.271	*	365
=	19.51

Softronic 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
=	( (31.555	+	0)	/	1 )	/	194.7	*	365 / 4
=	31.555					/	194.7	*	365 / 4
=	14.79

Softronic AB Days Payable Related Terms

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Softronic AB (OSTO:SOF B) Business Description

Industry

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

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0GU8:UK

Address

Hammarby Kaj 10A, Stockholm, SWE, 118 60

Website

http://www.softronic.se

Softronic AB provides a wide selection of IT and management services in Sweden. The company offers E-commerce platform, insurance systems, digitalization, E-health, digital sales platform, scanning, modern outsourcing, managed services, cyber defense as services and customer care system.

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