Coor Service Management Holding AB (FRA:COE) Days Payable : 37.47 (As of Mar. 2024)

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What is Coor Service Management Holding AB Days Payable?

Coor Service Management Holding AB's average Accounts Payable for the three months ended in Mar. 2024 was €100 Mil. Coor Service Management Holding AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €244 Mil. Hence, Coor Service Management Holding AB's Days Payable for the three months ended in Mar. 2024 was 37.47.

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

FRA:COE' s Days Payable Range Over the Past 10 Years
Min: 28.52 Med: 40.5 Max: 52.86
Current: 33.03

During the past 12 years, Coor Service Management Holding AB's highest Days Payable was 52.86. The lowest was 28.52. And the median was 40.50.

FRA:COE's Days Payable is ranked worse than
63.71% of 923 companies
in the Business Services industry
Industry Median: 47.39 vs FRA:COE: 33.03

Coor Service Management Holding AB's Days Payable increased from Mar. 2023 (35.36) to Mar. 2024 (37.47). It may suggest that Coor Service Management Holding AB delayed paying its suppliers.

Coor Service Management Holding AB Days Payable Historical Data

The historical data trend for Coor Service Management Holding 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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Coor Service Management Holding AB Days Payable Chart

Coor Service Management Holding AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.56

33.05

28.63

33.66

37.47

Coor Service Management Holding AB Quarterly Data
	Jun19	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															35.36	31.56	32.41	31.53	37.47

Competitive Comparison of Coor Service Management Holding AB's Days Payable

For the Specialty Business Services subindustry, Coor Service Management Holding 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.

Coor Service Management Holding AB's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Coor Service Management Holding AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Coor Service Management Holding AB's Days Payable falls into.

Coor Service Management Holding 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.

Coor Service Management Holding 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
=	( (100.24	+	105.22)	/	2 )	/	1000.622	*	365
=	102.73					/	1000.622	*	365
=	37.47

Coor Service Management Holding 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
=	( (105.22	+	95.17)	/	2 )	/	243.977	*	365 / 4
=	100.195					/	243.977	*	365 / 4
=	37.47

Coor Service Management Holding AB Days Payable Related Terms

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Coor Service Management Holding AB (FRA:COE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Coor Service Management Holding AB (FRA:COE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

COOR:Sweden 0R8Q:UK

Address

Knarrarnasgatan 7, Kista, SWE, SE-164 99

Website

https://www.coor.com

Coor Service Management Holding AB is a Sweden-based company providing integrated facility management services in the Nordic region with specialist expertise in workplace services, property services, and strategic consulting. Coor offers unique, effective, and flexible solutions that create business benefits for customers. The company conducts operations primarily in Sweden, Norway, Denmark, and Finland, but also in Belgium, and Estonia.