Aixia Group AB (XSAT:AIXIA B) Days Payable : 5.46 (As of Mar. 2024)

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What is Aixia Group AB Days Payable?

Aixia Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr10.5 Mil. Aixia Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr175.3 Mil. Hence, Aixia Group AB's Days Payable for the three months ended in Mar. 2024 was 5.46.

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

XSAT:AIXIA B' s Days Payable Range Over the Past 10 Years
Min: 14.69 Med: 55.83 Max: 94.7
Current: 14.69

During the past 8 years, Aixia Group AB's highest Days Payable was 94.70. The lowest was 14.69. And the median was 55.83.

XSAT:AIXIA B's Days Payable is ranked worse than
86.51% of 2528 companies
in the Software industry
Industry Median: 50.5 vs XSAT:AIXIA B: 14.69

Aixia Group AB's Days Payable declined from Dec. 2022 (116.37) to Mar. 2024 (5.46). It may suggest that Aixia Group AB accelerated paying its suppliers.

Aixia Group AB Days Payable Historical Data

The historical data trend for Aixia Group 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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Aixia Group AB Days Payable Chart

Aixia Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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59.89

38.25

54.31

19.20

39.20

Aixia Group AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															116.37	106.92	53.33	36.34	5.46

Competitive Comparison of Aixia Group AB's Days Payable

For the Information Technology Services subindustry, Aixia Group 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.

Aixia Group AB's Days Payable Distribution in the Software Industry

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

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

Aixia Group 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.

Aixia Group AB'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
=	( (6.077	+	18.325)	/	2 )	/	113.594	*	365
=	12.201					/	113.594	*	365
=	39.20

Aixia Group AB'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (13.344	+	7.622)	/	2 )	/	175.346	*	365 / 4
=	10.483					/	175.346	*	365 / 4
=	5.46

Aixia Group AB Days Payable Related Terms

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Aixia Group AB (XSAT:AIXIA B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aixia Group AB (XSAT:AIXIA B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taljegårdsgatan 11, Mölndal, SWE, 43153

Website

https://www.aixia.se

Aixia Group AB is an IT company. It conducted operations in the construction and development of IT, which includes, among other things, AI/Deep Learning platforms, data centers, security, management, hosting, network & communication and backup/DR. The company delivers products, solutions and expertise in, among other things, the following business areas; AI solutions and services, Enterprise IT infrastructure, IT operation and hosting, IT products/solutions and currently has around 120 customers distributed across the country within a wide range of different industries.

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