Nilorngruppen AB (FRA:1GG) Days Payable : 46.61 (As of Mar. 2024)

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What is Nilorngruppen AB Days Payable?

Nilorngruppen AB's average Accounts Payable for the three months ended in Mar. 2024 was €6.21 Mil. Nilorngruppen AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €12.16 Mil. Hence, Nilorngruppen AB's Days Payable for the three months ended in Mar. 2024 was 46.61.

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

FRA:1GG' s Days Payable Range Over the Past 10 Years
Min: 47.99 Med: 58.92 Max: 69.43
Current: 47.99

During the past 13 years, Nilorngruppen AB's highest Days Payable was 69.43. The lowest was 47.99. And the median was 58.92.

FRA:1GG's Days Payable is ranked worse than
56.89% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs FRA:1GG: 47.99

Nilorngruppen AB's Days Payable increased from Mar. 2023 (46.11) to Mar. 2024 (46.61). It may suggest that Nilorngruppen AB delayed paying its suppliers.

Nilorngruppen AB Days Payable Historical Data

The historical data trend for Nilorngruppen 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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Nilorngruppen AB Days Payable Chart

Nilorngruppen AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.08

60.95

69.69

58.19

49.53

Nilorngruppen AB 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															46.11	-	-	56.45	46.61

Competitive Comparison of Nilorngruppen AB's Days Payable

For the Apparel Manufacturing subindustry, Nilorngruppen 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.

Nilorngruppen AB's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nilorngruppen AB's Days Payable distribution charts can be found below:

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

Nilorngruppen 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.

Nilorngruppen 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
=	( (5.679	+	6.211)	/	2 )	/	43.81	*	365
=	5.945					/	43.81	*	365
=	49.53

Nilorngruppen 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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (6.211	+	0)	/	1 )	/	12.16	*	365 / 4
=	6.211					/	12.16	*	365 / 4
=	46.61

Nilorngruppen AB Days Payable Related Terms

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Nilorngruppen AB (FRA:1GG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nilorngruppen AB (FRA:1GG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NIL B:Sweden

Address

Wieslanders vag 3, Box 499, Boras, SWE, 501 13

Website

https://www.nilorn.com

Nilorngruppen AB is a Sweden-based company engaged in the branding, designing, manufacturing, and sale of labels, packaging products, and accessories for clients in the fashion and apparel sector. Its product portfolio consists of Trims, Packaging, and Information labels. Its revenue comes from the information Labels labels product range includes woven labels, printed textile labels, printed hanging labels, and flossed labels. Geographically, the segments of the company are the Nordic region, Other Europe, and Asia, of which key revenue is derived from the operations in the Asian countries. It has a business presence in Sweden, Norway, Finland, Denmark, Germany, Belgium, Italy, Switzerland, France, India, Bangladesh, China, and Pakistan.

Nilorngruppen AB (FRA:1GG) Headlines

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