Scana ASA (CHIX:SCANAO) Days Payable : 37.12 (As of Mar. 2024)

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What is Scana ASA Days Payable?

Scana ASA's average Accounts Payable for the three months ended in Mar. 2024 was kr108 Mil. Scana ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr267 Mil. Hence, Scana ASA's Days Payable for the three months ended in Mar. 2024 was 37.12.

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

CHIX:SCANAo' s Days Payable Range Over the Past 10 Years
Min: 40.77 Med: 91.82 Max: 345.11
Current: 40.77

During the past 13 years, Scana ASA's highest Days Payable was 345.11. The lowest was 40.77. And the median was 91.82.

CHIX:SCANAo's Days Payable is ranked worse than
67.83% of 143 companies
in the Industrial Distribution industry
Industry Median: 53.28 vs CHIX:SCANAo: 40.77

Scana ASA's Days Payable declined from Mar. 2023 (41.64) to Mar. 2024 (37.12). It may suggest that Scana ASA accelerated paying its suppliers.

Scana ASA Days Payable Historical Data

The historical data trend for Scana 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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Scana ASA Days Payable Chart

Scana ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.33

70.23

47.85

53.86

43.51

Scana 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															41.64	40.51	41.88	40.88	37.12

Competitive Comparison of Scana ASA's Days Payable

For the Industrial Distribution subindustry, Scana 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.

Scana ASA's Days Payable Distribution in the Industrial Distribution Industry

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

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

Scana 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.

Scana 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
=	( (108.9	+	101.2)	/	2 )	/	881.3	*	365
=	105.05					/	881.3	*	365
=	43.51

Scana 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
=	( (101.2	+	115.6)	/	2 )	/	266.5	*	365 / 4
=	108.4					/	266.5	*	365 / 4
=	37.12

Scana ASA Days Payable Related Terms

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Scana ASA (CHIX:SCANAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Scana ASA (CHIX:SCANAo) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

INCo:Sweden SCANA:Norway 1MP:Germany

Address

Wernersholmvegen 49, Paradis, Bergen, NOR, 5232

Website

https://www.scana.no

Scana ASA is the parent company for a group of strong equipment and service suppliers to the marine industry. Scana owns several renowned portfolio companies such as Skarpenord, Seasystems, and Subseatec. Seasystems delivers system solutions in offloading, anchoring, turrets, and swivels to segments such as oil and gas, fish farming, and floating wind power. Skarpenord is a supplier of valve control systems whereas, Subseatec delivers steel products specially adapted to the customer's needs in oil and gas.

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