Techstep ASA (FRA:B1T0) Days Payable : 90.46 (As of Sep. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Techstep ASA Days Payable?

Techstep ASA's average Accounts Payable for the three months ended in Sep. 2023 was €11.7 Mil. Techstep ASA's Cost of Goods Sold for the three months ended in Sep. 2023 was €11.8 Mil. Hence, Techstep ASA's Days Payable for the three months ended in Sep. 2023 was 90.46.

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

FRA:B1T0' s Days Payable Range Over the Past 10 Years
Min: 36.37 Med: 56.83 Max: 267.45
Current: 74.07

During the past 13 years, Techstep ASA's highest Days Payable was 267.45. The lowest was 36.37. And the median was 56.83.

FRA:B1T0's Days Payable is ranked better than
60.59% of 2525 companies
in the Software industry
Industry Median: 50.65 vs FRA:B1T0: 74.07

Techstep ASA's Days Payable increased from Sep. 2022 (77.77) to Sep. 2023 (90.46). It may suggest that Techstep ASA delayed paying its suppliers.

Techstep ASA Days Payable Historical Data

The historical data trend for Techstep ASA'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.

* Premium members only.

Techstep ASA Days Payable Chart

Techstep ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

55.27

51.70

67.71

73.79

85.79

Techstep ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															77.77	66.18	87.80	71.10	90.46

Competitive Comparison of Techstep ASA's Days Payable

For the Software - Application subindustry, Techstep ASA'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.

Techstep ASA's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Techstep ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Techstep ASA's Days Payable falls into.

Techstep ASA 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.

Techstep ASA's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (19.1	+	19.663)	/	2 )	/	82.457	*	365
=	19.3815					/	82.457	*	365
=	85.79

Techstep ASA's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (12.511	+	10.935)	/	2 )	/	11.825	*	365 / 4
=	11.723					/	11.825	*	365 / 4
=	90.46

Techstep ASA Days Payable Related Terms

Thank you for viewing the detailed overview of Techstep ASA's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Techstep ASA (FRA:B1T0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Techstep ASA (FRA:B1T0) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TECH:Norway

Address

Brynsalleen 4, Oslo, NOR, 0667

Website

https://www.techstep.io

Techstep ASA provides mobility and communications services in Norway and Sweden. It operates through two segments, which are represented by the geographic locations: Norway and Sweden. The offerings of the company are mobile hardware, service, support and mobility consultancy services, industry- leading cloud-based (UCaaS) PBX solutions, and Enterprise Mobility Management (EMM) services, including Mobile Security, system design, implementation, mobile device management.

Techstep ASA (FRA:B1T0) Headlines

No Headlines