Midsummer AB (FRA:5UX) Days Payable : 131.65 (As of Sep. 2024)

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What is Midsummer AB Days Payable?

Midsummer AB's average Accounts Payable for the three months ended in Sep. 2024 was €1.60 Mil. Midsummer AB's Cost of Goods Sold for the three months ended in Sep. 2024 was €1.11 Mil. Hence, Midsummer AB's Days Payable for the three months ended in Sep. 2024 was 131.65.

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

During the past 8 years, Midsummer AB's highest Days Payable was 523.96. The lowest was 31.04. And the median was 99.97.

FRA:5UX's Days Payable is not ranked ^*
in the Semiconductors industry.
Industry Median: 52.37
* Ranked among companies with meaningful Days Payable only.

Midsummer AB's Days Payable increased from Sep. 2023 (107.51) to Sep. 2024 (131.65). It may suggest that Midsummer AB delayed paying its suppliers.

Midsummer AB Days Payable Historical Data

The historical data trend for Midsummer 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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Midsummer AB Days Payable Chart

Midsummer AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.20

519.17

121.91

80.75

422.27

Midsummer AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															107.51	-	-	116.17	131.65

Competitive Comparison of Midsummer AB's Days Payable

For the Solar subindustry, Midsummer 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.

Midsummer AB's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Midsummer AB's Days Payable distribution charts can be found below:

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

Midsummer 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.

Midsummer 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
=	( (1.893	+	1.388)	/	2 )	/	1.418	*	365
=	1.6405					/	1.418	*	365
=	422.27

Midsummer AB's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1.842	+	1.355)	/	2 )	/	1.108	*	365 / 4
=	1.5985					/	1.108	*	365 / 4
=	131.65

Midsummer AB Days Payable Related Terms

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Midsummer AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Midsummer AB (FRA:5UX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MIDS:Sweden 5UX:Germany

Address

Elektronikhojden 6, Jarfalla, SWE, 175 43

Website

http://www.midsummer.se

Midsummer AB is a supplier of equipment for cost-effective manufacturing of CIGS thin film solar cells. The company manufactures solar panels which can be attached on any type of surfaces, such as, membrane roofs, portable power plants, marine installations, vehicle usage, landfill covers or other infrastructure projects.

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