Aker Carbon Capture ASA (LTS:0ZCB) Days Payable : 87.35 (As of Dec. 2023)

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What is Aker Carbon Capture ASA Days Payable?

Aker Carbon Capture ASA's average Accounts Payable for the three months ended in Dec. 2023 was kr514 Mil. Aker Carbon Capture ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr537 Mil. Hence, Aker Carbon Capture ASA's Days Payable for the three months ended in Dec. 2023 was 87.35.

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

LTS:0ZCB' s Days Payable Range Over the Past 10 Years
Min: 14.87 Med: 16.53 Max: 101.43
Current: 101.43

During the past 4 years, Aker Carbon Capture ASA's highest Days Payable was 101.43. The lowest was 14.87. And the median was 16.53.

LTS:0ZCB's Days Payable is ranked better than
63.92% of 2930 companies
in the Industrial Products industry
Industry Median: 76.065 vs LTS:0ZCB: 101.43

Aker Carbon Capture ASA's Days Payable declined from Dec. 2022 (129.79) to Dec. 2023 (87.35). It may suggest that Aker Carbon Capture ASA accelerated paying its suppliers.

Aker Carbon Capture ASA Days Payable Historical Data

The historical data trend for Aker Carbon Capture 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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Aker Carbon Capture ASA Days Payable Chart

Aker Carbon Capture ASA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

16.53

14.87

17.66

Aker Carbon Capture ASA Quarterly Data
	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial									129.79	130.20	164.88	134.22	87.35

Competitive Comparison of Aker Carbon Capture ASA's Days Payable

For the Pollution & Treatment Controls subindustry, Aker Carbon Capture 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.

Aker Carbon Capture ASA's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aker Carbon Capture ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Aker Carbon Capture ASA's Days Payable falls into.

Aker Carbon Capture 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.

Aker Carbon Capture 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
=	( (40.482	+	103.92)	/	2 )	/	1491.85	*	365
=	72.201					/	1491.85	*	365
=	17.66

Aker Carbon Capture 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
=	( (923.322	+	103.92)	/	2 )	/	536.558	*	365 / 4
=	513.621					/	536.558	*	365 / 4
=	87.35

Aker Carbon Capture ASA Days Payable Related Terms

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Aker Carbon Capture ASA (LTS:0ZCB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aker Carbon Capture ASA (LTS:0ZCB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AKCCF:USA ACCo:Sweden ACC:Norway 606:Germany

Address

Oksenoyveien 8, Lysaker, Baerum, NOR, 1366

Website

https://www.akercarboncapture.com

Aker Carbon Capture ASA is a carbon capture technology provider. The company's proprietary carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2. This process can be applied to emissions from various sources, from gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries. Its products and services include Just Catch, Offshore Just Catch, Big Catch, Mobile Test Unit - Rental service, CO2 for Enhanced Oil Recovery (EOR), and Storage Practice.

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