Elliptic Laboratories ASA (STU:EIP) Days Payable : 15.85 (As of Dec. 2023)

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What is Elliptic Laboratories ASA Days Payable?

Elliptic Laboratories ASA's average Accounts Payable for the three months ended in Dec. 2023 was €0.33 Mil. Elliptic Laboratories ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was €1.89 Mil. Hence, Elliptic Laboratories ASA's Days Payable for the three months ended in Dec. 2023 was 15.85.

The historical rank and industry rank for Elliptic Laboratories ASA's Days Payable or its related term are showing as below:

STU:EIP' s Days Payable Range Over the Past 10 Years
Min: 9.28 Med: 13.44 Max: 14.43
Current: 10.73

During the past 7 years, Elliptic Laboratories ASA's highest Days Payable was 14.43. The lowest was 9.28. And the median was 13.44.

STU:EIP's Days Payable is ranked worse than
90.86% of 2527 companies
in the Software industry
Industry Median: 50.54 vs STU:EIP: 10.73

Elliptic Laboratories ASA's Days Payable increased from Dec. 2022 (7.70) to Dec. 2023 (15.85). It may suggest that Elliptic Laboratories ASA delayed paying its suppliers.

Elliptic Laboratories ASA Days Payable Historical Data

The historical data trend for Elliptic Laboratories ASA'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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Elliptic Laboratories ASA Days Payable Chart

Elliptic Laboratories ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.63

9.49

14.25

13.90

12.88

Elliptic Laboratories ASA Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															7.70	6.79	6.34	11.68	15.85

Competitive Comparison of Elliptic Laboratories ASA's Days Payable

For the Software - Infrastructure subindustry, Elliptic Laboratories ASA'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.

Elliptic Laboratories ASA's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Elliptic Laboratories ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Elliptic Laboratories ASA's Days Payable falls into.

Elliptic Laboratories ASA 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.

Elliptic Laboratories ASA'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
=	( (0.159	+	0.335)	/	2 )	/	7.002	*	365
=	0.247					/	7.002	*	365
=	12.88

Elliptic Laboratories ASA's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.322	+	0.335)	/	2 )	/	1.891	*	365 / 4
=	0.3285					/	1.891	*	365 / 4
=	15.85

Elliptic Laboratories ASA Days Payable Related Terms

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Elliptic Laboratories ASA (STU:EIP) Business Description

Industry

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ELABSo:Sweden ELABS:Norway

Address

Akersgata 32, Oslo, NOR, 0180

Website

https://www.ellipticlabs.com

Elliptic Laboratories ASA is a software-based AI Virtual Smart Sensor Platform. Its AI Virtual Security Sensor is a presence-detection solution used to improve the security of data stored on laptops. The AI Virtual Security Sensor leverages a laptop's existing speaker and microphone to generate and process ultrasound waves to detect presence.

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