GreenMobility AS (FRA:2G9) Days Payable : 61.81 (As of Jun. 2024)

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What is GreenMobility AS Days Payable?

GreenMobility AS's average Accounts Payable for the six months ended in Jun. 2024 was €1.41 Mil. GreenMobility AS's Cost of Goods Sold for the six months ended in Jun. 2024 was €4.18 Mil. Hence, GreenMobility AS's Days Payable for the six months ended in Jun. 2024 was 61.81.

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

FRA:2G9' s Days Payable Range Over the Past 10 Years
Min: 26.18 Med: 48.33 Max: 199.82
Current: 49.01

During the past 10 years, GreenMobility AS's highest Days Payable was 199.82. The lowest was 26.18. And the median was 48.33.

FRA:2G9's Days Payable is ranked better than
52.37% of 909 companies
in the Business Services industry
Industry Median: 46.29 vs FRA:2G9: 49.01

GreenMobility AS's Days Payable declined from Jun. 2023 (65.23) to Jun. 2024 (61.81). It may suggest that GreenMobility AS accelerated paying its suppliers.

GreenMobility AS Days Payable Historical Data

The historical data trend for GreenMobility AS'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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GreenMobility AS Days Payable Chart

GreenMobility AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.90

44.01

36.10

26.20

34.26

GreenMobility AS Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial													61.52	130.89	65.23	33.48	61.81

Competitive Comparison of GreenMobility AS's Days Payable

For the Rental & Leasing Services subindustry, GreenMobility AS'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.

GreenMobility AS's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, GreenMobility AS's Days Payable distribution charts can be found below:

* The bar in red indicates where GreenMobility AS's Days Payable falls into.

GreenMobility AS 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.

GreenMobility AS'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
=	( (0.825	+	0.922)	/	2 )	/	9.305	*	365
=	0.8735					/	9.305	*	365
=	34.26

GreenMobility AS's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.922	+	1.906)	/	2 )	/	4.175	*	365 / 2
=	1.414					/	4.175	*	365 / 2
=	61.81

GreenMobility AS Days Payable Related Terms

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GreenMobility AS Business Description

Industry

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GREENM:Denmark

Address

Landgreven 3, 4. floor, Copenhagen, DNK, 1301

Website

https://www.greenmobility.com

GreenMobility AS offers modern urbanites easy, flexible and sustainable transport in the form of electric, shared city cars. Users have access to these cars via the GreenMobility app. Trips are paid per minute, through minute packages, or on daily basis. GreenMobility operates a total of 1600 EVs in Copenhagen, Aarhus, Malmo, Gothenburg, Antwerp, Gent and Helsinki. More than 200,000 people have signed up with GreenMobility. The company sees a rapidly growing market for car sharing in large cities that demand green transport for their citizens and to reduce the number of private cars. Geographically it derives key revenue from domestic sales in Denmark.

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