StrongPoint ASA (OSL:STRO) Days Payable : 63.00 (As of Mar. 2024)

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What is StrongPoint ASA Days Payable?

StrongPoint ASA's average Accounts Payable for the three months ended in Mar. 2024 was kr158 Mil. StrongPoint ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr229 Mil. Hence, StrongPoint ASA's Days Payable for the three months ended in Mar. 2024 was 63.00.

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

OSL:STRO' s Days Payable Range Over the Past 10 Years
Min: 50.84 Med: 59.92 Max: 78.97
Current: 66.44

During the past 13 years, StrongPoint ASA's highest Days Payable was 78.97. The lowest was 50.84. And the median was 59.92.

OSL:STRO's Days Payable is ranked worse than
58.71% of 2928 companies
in the Industrial Products industry
Industry Median: 76.275 vs OSL:STRO: 66.44

StrongPoint ASA's Days Payable increased from Mar. 2023 (53.33) to Mar. 2024 (63.00). It may suggest that StrongPoint ASA delayed paying its suppliers.

StrongPoint ASA Days Payable Historical Data

The historical data trend for StrongPoint 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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StrongPoint ASA Days Payable Chart

StrongPoint ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.33

50.84

60.31

53.57

69.70

StrongPoint ASA 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															53.33	63.77	75.19	65.13	63.00

Competitive Comparison of StrongPoint ASA's Days Payable

For the Business Equipment & Supplies subindustry, StrongPoint 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.

StrongPoint ASA's Days Payable Distribution in the Industrial Products Industry

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

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

StrongPoint 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.

StrongPoint 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
=	( (147.839	+	159.69)	/	2 )	/	805.266	*	365
=	153.7645					/	805.266	*	365
=	69.70

StrongPoint ASA'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
=	( (159.69	+	156.744)	/	2 )	/	229.148	*	365 / 4
=	158.217					/	229.148	*	365 / 4
=	63.00

StrongPoint ASA Days Payable Related Terms

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StrongPoint ASA (OSL:STRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » StrongPoint ASA (OSL:STRO) » Definitions » Days Payable

Traded in Other Exchanges

PSIo:Sweden PGT:Germany

Address

Slynga 10, Raelingen, NOR, 2005

Website

https://www.strongpoint.com

StrongPoint ASA is a retail technology company that provides solutions to make shops smarter, shopping experiences better and online grocery shopping more efficient. With over 500 employees in Norway, Sweden, the Baltics and Spain and together with a wide partner network, StrongPoint supports businesses in more than 20 countries. It provides in-store cash management and payment solutions, electronic shelf labels, self-checkouts, task and labor management software, click & collect temperature-controlled grocery lockers, in-store and drive-thru grocery pickup solutions and grocery order picking solutions.