Andersen & Martini Holding A/S (CHIX:AMBC) Days Payable : 17.29 (As of Jun. 2020)

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What is Andersen & Martini Holding A/S Days Payable?

Andersen & Martini Holding A/S's average Accounts Payable for the six months ended in Jun. 2020 was kr35.5 Mil. Andersen & Martini Holding A/S's Cost of Goods Sold for the six months ended in Jun. 2020 was kr374.4 Mil. Hence, Andersen & Martini Holding A/S's Days Payable for the six months ended in Jun. 2020 was 17.29.

The historical rank and industry rank for Andersen & Martini Holding A/S's Days Payable or its related term are showing as below:

CHIX:AMBc's Days Payable is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 66.92
* Ranked among companies with meaningful Days Payable only.

Andersen & Martini Holding A/S's Days Payable declined from Jun. 2019 (25.64) to Jun. 2020 (17.29). It may suggest that Andersen & Martini Holding A/S accelerated paying its suppliers.

Andersen & Martini Holding A/S Days Payable Historical Data

The historical data trend for Andersen & Martini Holding A/S'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.

* Premium members only.

Andersen & Martini Holding A/S Days Payable Chart

Andersen & Martini Holding A/S Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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26.36

30.94

37.23

29.59

23.14

Andersen & Martini Holding A/S Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Days Payable	Get a 7-Day Free Trial															34.85	29.80	25.64	30.47	17.29

Competitive Comparison of Andersen & Martini Holding A/S's Days Payable

For the Auto & Truck Dealerships subindustry, Andersen & Martini Holding A/S'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.

Andersen & Martini Holding A/S's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Andersen & Martini Holding A/S's Days Payable distribution charts can be found below:

* The bar in red indicates where Andersen & Martini Holding A/S's Days Payable falls into.

Andersen & Martini Holding A/S 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.

Andersen & Martini Holding A/S's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (37.032	+	48.947)	/	2 )	/	678.172	*	365
=	42.9895					/	678.172	*	365
=	23.14

Andersen & Martini Holding A/S's Days Payable for the quarter that ended in Jun. 2020 is calculated as:

	Days Payable (Q: Jun. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2019 )	+	Accounts Payable (Q: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
=	( (48.947	+	21.99)	/	2 )	/	374.379	*	365 / 2
=	35.4685					/	374.379	*	365 / 2
=	17.29

Andersen & Martini Holding A/S Days Payable Related Terms

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Andersen & Martini Holding A/S (CHIX:AMBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Andersen & Martini Holding A/S (CHIX:AMBc) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

AGENAVEJ 15, Greve, DNK, 2670

Website

http://www.a-m.dk

Andersen & Martini A/S is engaged in the operation of car dealerships. The company is active within the trade leasing and rental of new and used car for private use and business purposes. Its product includes, opel, Saab, Kia, Fiat, Cadillac, among others. It also provides car repair, leasing services.