Loomis AB (OSTO:LOOMIS) Days Payable : 15.04 (As of Dec. 2023)

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What is Loomis AB Days Payable?

Loomis AB's average Accounts Payable for the three months ended in Dec. 2023 was kr904 Mil. Loomis AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr5,480 Mil. Hence, Loomis AB's Days Payable for the three months ended in Dec. 2023 was 15.04.

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

OSTO:LOOMIS' s Days Payable Range Over the Past 10 Years
Min: 14.65 Med: 16.36 Max: 19.16
Current: 15.61

During the past 13 years, Loomis AB's highest Days Payable was 19.16. The lowest was 14.65. And the median was 16.36.

OSTO:LOOMIS's Days Payable is ranked worse than
83.53% of 923 companies
in the Business Services industry
Industry Median: 47.09 vs OSTO:LOOMIS: 15.61

Loomis AB's Days Payable increased from Dec. 2022 (14.88) to Dec. 2023 (15.04). It may suggest that Loomis AB delayed paying its suppliers.

Loomis AB Days Payable Historical Data

The historical data trend for Loomis 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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Loomis AB Days Payable Chart

Loomis AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.83

16.51

16.21

15.22

14.65

Loomis AB Quarterly Data
	Mar19	Jun19	Sep19	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															14.88	17.27	16.36	14.92	15.04

Competitive Comparison of Loomis AB's Days Payable

For the Security & Protection Services subindustry, Loomis 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.

Loomis AB's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Loomis AB's Days Payable distribution charts can be found below:

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

Loomis 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.

Loomis 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
=	( (859	+	860)	/	2 )	/	21414	*	365
=	859.5					/	21414	*	365
=	14.65

Loomis 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
=	( (947	+	860)	/	2 )	/	5480	*	365 / 4
=	903.5					/	5480	*	365 / 4
=	15.04

Loomis AB Days Payable Related Terms

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Loomis AB (OSTO:LOOMIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Loomis AB (OSTO:LOOMIS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0JYZ:UK K900:Germany

Address

Drottninggatan 82, 4th floor, P.O Box 702, Stockholm, SWE, 111 36

Website

https://www.loomis.com

Loomis AB is a Sweden-based company primarily engaged in cash handling services, which include cash in transit, or CIT, and cash management services, or CMS. CIT involves transporting cash to and from stores, banks and ATMs. CMS involves moving cash from customers to Loomis' cash centers where Loomis counts and packages bills and coins with quality assurance. CMS also involves cash flow analyzing, forecasting, and reporting, as well as other customized solutions. Besides CIT and CMS, Loomis also provides cross-border transportation services and general cargo services. Its segments are Europe, the United States, and Loomis Pay.

Loomis AB (OSTO:LOOMIS) Headlines

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