artec technologies AG (XTER:A6T) Days Payable : 3,203.36 (As of Jun. 2023)

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What is artec technologies AG Days Payable?

artec technologies AG's average Accounts Payable for the six months ended in Jun. 2023 was €3.34 Mil. artec technologies AG's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.19 Mil. Hence, artec technologies AG's Days Payable for the six months ended in Jun. 2023 was 3,203.36.

The historical rank and industry rank for artec technologies AG's Days Payable or its related term are showing as below:

XTER:A6T' s Days Payable Range Over the Past 10 Years
Min: 44.61 Med: 91.89 Max: 2460.29
Current: 2460.29

During the past 13 years, artec technologies AG's highest Days Payable was 2460.29. The lowest was 44.61. And the median was 91.89.

XTER:A6T's Days Payable is ranked better than
99.5% of 2421 companies
in the Hardware industry
Industry Median: 67.83 vs XTER:A6T: 2460.29

artec technologies AG's Days Payable increased from Jun. 2022 (40.18) to Jun. 2023 (3,203.36). It may suggest that artec technologies AG delayed paying its suppliers.

artec technologies AG Days Payable Historical Data

The historical data trend for artec technologies AG'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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artec technologies AG Days Payable Chart

artec technologies AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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78.44

393.20

44.61

44.76

2,439.37

artec technologies AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															60.29	31.00	40.18	4,192.43	3,203.36

Competitive Comparison of artec technologies AG's Days Payable

For the Consumer Electronics subindustry, artec technologies AG'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.

artec technologies AG's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, artec technologies AG's Days Payable distribution charts can be found below:

* The bar in red indicates where artec technologies AG's Days Payable falls into.

artec technologies AG 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.

artec technologies AG's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.071	+	6.532)	/	2 )	/	0.494	*	365
=	3.3015					/	0.494	*	365
=	2,439.37

artec technologies AG's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (6.532	+	0.138)	/	2 )	/	0.19	*	365 / 2
=	3.335					/	0.19	*	365 / 2
=	3,203.36

artec technologies AG Days Payable Related Terms

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artec technologies AG (XTER:A6T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » artec technologies AG (XTER:A6T) » Definitions » Days Payable

Traded in Other Exchanges

A6T:Germany A6T:Germany A6T:Germany

Address

Muehlenstrasse 15-18, Diepholz, DEU, 49356

Website

http://www.artec.de

artec technologies AG develops and produces products and system solutions for the transmission, recording, and playback of video, TV, and metadata through network and internet. The company offers products and solutions such as Multieye, it is used for simple and complex video surveillance and security systems, and Xentaurix is used for the transmission, recording, and playback of TV, video and radio broadcasts through networks and internet such as proof of broadcasting and broadcasting as online VCR.

artec technologies AG (XTER:A6T) Headlines

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