Nimbus Group AB (FRA:9RN) Days Payable : 38.93 (As of Mar. 2024)

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What is Nimbus Group AB Days Payable?

Nimbus Group AB's average Accounts Payable for the three months ended in Mar. 2024 was €11.4 Mil. Nimbus Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €26.6 Mil. Hence, Nimbus Group AB's Days Payable for the three months ended in Mar. 2024 was 38.93.

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

FRA:9RN' s Days Payable Range Over the Past 10 Years
Min: 32.91 Med: 43.71 Max: 92.94
Current: 36.94

During the past 7 years, Nimbus Group AB's highest Days Payable was 92.94. The lowest was 32.91. And the median was 43.71.

FRA:9RN's Days Payable is ranked worse than
78.96% of 1264 companies
in the Vehicles & Parts industry
Industry Median: 65.57 vs FRA:9RN: 36.94

Nimbus Group AB's Days Payable declined from Mar. 2023 (79.25) to Mar. 2024 (38.93). It may suggest that Nimbus Group AB accelerated paying its suppliers.

Nimbus Group AB Days Payable Historical Data

The historical data trend for Nimbus 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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Nimbus Group AB Days Payable Chart

Nimbus Group AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.73

42.47

33.01

45.00

35.53

Nimbus Group AB Quarterly Data
	Dec18	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															79.25	32.83	37.48	36.11	38.93

Competitive Comparison of Nimbus Group AB's Days Payable

For the Recreational Vehicles subindustry, Nimbus 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.

Nimbus Group AB's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nimbus Group AB's Days Payable distribution charts can be found below:

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

Nimbus 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.

Nimbus Group 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
=	( (17.91	+	10.129)	/	2 )	/	144.006	*	365
=	14.0195					/	144.006	*	365
=	35.53

Nimbus Group 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
=	( (10.129	+	12.598)	/	2 )	/	26.633	*	365 / 4
=	11.3635					/	26.633	*	365 / 4
=	38.93

Nimbus Group AB Days Payable Related Terms

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Nimbus Group AB (FRA:9RN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nimbus Group AB (FRA:9RN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BOAT:Sweden

Address

Box 5152, Västra Frolunda, SWE, S-426 05

Website

https://www.nimbusgroup.se

Nimbus Group AB is a manufacturer of premium leisure motorboats. Its brand includes Alukin, Aquador, Bella, Falcon, Flipper, Nimbus and Paragon Yachts. The company operates globally, with the largest presence in the European and American markets.

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