Thinc Collective AB (XSAT:THINC) Days Payable : 41.80 (As of Dec. 2023)

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What is Thinc Collective AB Days Payable?

Thinc Collective AB's average Accounts Payable for the three months ended in Dec. 2023 was kr21.8 Mil. Thinc Collective AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr47.6 Mil. Hence, Thinc Collective AB's Days Payable for the three months ended in Dec. 2023 was 41.80.

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

XSAT:THINC' s Days Payable Range Over the Past 10 Years
Min: 17.87 Med: 34.22 Max: 43.92
Current: 42.97

During the past 7 years, Thinc Collective AB's highest Days Payable was 43.92. The lowest was 17.87. And the median was 34.22.

XSAT:THINC's Days Payable is ranked worse than
54.71% of 2526 companies
in the Software industry
Industry Median: 50.42 vs XSAT:THINC: 42.97

Thinc Collective AB's Days Payable increased from Sep. 2022 (32.97) to Dec. 2023 (41.80). It may suggest that Thinc Collective AB delayed paying its suppliers.

Thinc Collective AB Days Payable Historical Data

The historical data trend for Thinc Collective 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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Thinc Collective AB Days Payable Chart

Thinc Collective AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.92

17.87

35.69

26.28

36.38

Thinc Collective AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															32.97	30.90	26.66	26.83	41.80

Competitive Comparison of Thinc Collective AB's Days Payable

For the Software - Application subindustry, Thinc Collective 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.

Thinc Collective AB's Days Payable Distribution in the Software Industry

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

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

Thinc Collective 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.

Thinc Collective 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
=	( (20.305	+	26.532)	/	2 )	/	234.987	*	365
=	23.4185					/	234.987	*	365
=	36.38

Thinc Collective AB'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
=	( (17.084	+	26.532)	/	2 )	/	47.603	*	365 / 4
=	21.808					/	47.603	*	365 / 4
=	41.80

Thinc Collective AB Days Payable Related Terms

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Thinc Collective AB (XSAT:THINC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Södra Hamngatan 35, Gothenburg, SWE, 411 10

Website

https://www.thinccollective.se

Thinc Collective AB is a Swedish software as a service company that develops event management systems. The group offers a group of companies within systems, communication and structure. The companies thinks up and implements ideas for its customers. Its areas of expertise range from data, analysis, technology development, SaaS systems for communication, media, PR, brand experience and financial information. The group targets customers regardless of industry with a need for coherent communication. Thinc Collective operates within the Nordic region.

Thinc Collective AB (XSAT:THINC) Headlines

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