Vitec Software Group AB (FRA:7VS) Days Payable : 11.71 (As of Dec. 2024)

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What is Vitec Software Group AB Days Payable?

Vitec Software Group AB's average Accounts Payable for the three months ended in Dec. 2024 was €6.2 Mil. Vitec Software Group AB's Cost of Goods Sold for the three months ended in Dec. 2024 was €48.3 Mil. Hence, Vitec Software Group AB's Days Payable for the three months ended in Dec. 2024 was 11.71.

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

FRA:7VS' s Days Payable Range Over the Past 10 Years
Min: 11.23 Med: 17.62 Max: 22.02
Current: 11.48

During the past 13 years, Vitec Software Group AB's highest Days Payable was 22.02. The lowest was 11.23. And the median was 17.62.

FRA:7VS's Days Payable is ranked worse than
89.47% of 2536 companies
in the Software industry
Industry Median: 50.575 vs FRA:7VS: 11.48

Vitec Software Group AB's Days Payable increased from Dec. 2023 (11.00) to Dec. 2024 (11.71). It may suggest that Vitec Software Group AB delayed paying its suppliers.

Vitec Software Group AB Days Payable Historical Data

The historical data trend for Vitec Software Group 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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Vitec Software Group AB Days Payable Chart

Vitec Software Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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17.46

17.58

18.55

12.12

11.37

Vitec Software Group AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															11.00	11.65	10.51	12.57	11.71

Competitive Comparison of Vitec Software Group AB's Days Payable

For the Software - Application subindustry, Vitec Software Group 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.

Vitec Software Group AB's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Vitec Software Group AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Vitec Software Group AB's Days Payable falls into.

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Vitec Software Group 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.

Vitec Software Group AB's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (5.12	+	6.266)	/	2 )	/	182.783	*	365
=	5.693					/	182.783	*	365
=	11.37

Vitec Software Group AB's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (6.141	+	6.266)	/	2 )	/	48.34	*	365 / 4
=	6.2035					/	48.34	*	365 / 4
=	11.71

Vitec Software Group AB Days Payable Related Terms

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Vitec Software Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vitec Software Group AB (FRA:7VS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VIT B:Sweden VITBs:UK 0RDI:UK

Address

Tvistevagen 47A, Umea, SWE, 907 29

Website

https://www.vitecsoftware.com

Vitec Software Group AB is a software company in Vertical Market Software in the Nordic region. The company provides software for the pharmacy market, automotive and machine industry, banks and insurance companies, healthcare companies, real estate agents, and the education sector. Its segments comprise Auto, Energy, Real Estate, Finance and insurance, Environment, Estate Agents, and Education and health.

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