Novotek AB (OSTO:NTEK B) Days Payable : 33.80 (As of Dec. 2023)

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What is Novotek AB Days Payable?

Novotek AB's average Accounts Payable for the three months ended in Dec. 2023 was kr42.7 Mil. Novotek AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr115.2 Mil. Hence, Novotek AB's Days Payable for the three months ended in Dec. 2023 was 33.80.

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

OSTO:NTEK B' s Days Payable Range Over the Past 10 Years
Min: 38.13 Med: 47.02 Max: 52.91
Current: 38.13

During the past 13 years, Novotek AB's highest Days Payable was 52.91. The lowest was 38.13. And the median was 47.02.

OSTO:NTEK B's Days Payable is ranked worse than
58.71% of 2519 companies
in the Software industry
Industry Median: 50.96 vs OSTO:NTEK B: 38.13

Novotek AB's Days Payable declined from Dec. 2022 (34.01) to Dec. 2023 (33.80). It may suggest that Novotek AB accelerated paying its suppliers.

Novotek AB Days Payable Historical Data

The historical data trend for Novotek 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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Novotek AB Days Payable Chart

Novotek AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.40

41.28

41.16

46.63

48.06

Novotek 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															34.01	43.87	31.98	33.56	33.80

Competitive Comparison of Novotek AB's Days Payable

For the Information Technology Services subindustry, Novotek 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.

Novotek AB's Days Payable Distribution in the Software Industry

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

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

Novotek 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.

Novotek 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
=	( (51.804	+	53.034)	/	2 )	/	398.09	*	365
=	52.419					/	398.09	*	365
=	48.06

Novotek 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
=	( (32.3	+	53.034)	/	2 )	/	115.19	*	365 / 4
=	42.667					/	115.19	*	365 / 4
=	33.80

Novotek AB Days Payable Related Terms

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Novotek AB (OSTO:NTEK B) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Hojdrodergatan 18, Box 16014, Malmo, SWE, 212 39

Website

https://www.novotek.com

Novotek AB delivers industrial-IT and automation solutions based on standard products and components. The company products are used in Energy, Food, Drug, Petro and chemical, Metal, Manufacturing, Paper and Mass, Infrastructure, Water and Drainage, and Building Automation industries. Its solution includes process optimization, energy monitoring, industrial data provider, production planning, version management, Kepware OPC communication platform, cyber security for production and process networks and others.

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