Note AB (FRA:NQA) Days Payable : 58.35 (As of Jun. 2024)

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What is Note AB Days Payable?

Note AB's average Accounts Payable for the three months ended in Jun. 2024 was €49.5 Mil. Note AB's Cost of Goods Sold for the three months ended in Jun. 2024 was €77.3 Mil. Hence, Note AB's Days Payable for the three months ended in Jun. 2024 was 58.35.

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

FRA:NQA' s Days Payable Range Over the Past 10 Years
Min: 57.11 Med: 64.19 Max: 72.71
Current: 62.84

During the past 13 years, Note AB's highest Days Payable was 72.71. The lowest was 57.11. And the median was 64.19.

FRA:NQA's Days Payable is ranked worse than
55.79% of 2420 companies
in the Hardware industry
Industry Median: 68.235 vs FRA:NQA: 62.84

Note AB's Days Payable declined from Jun. 2023 (75.23) to Jun. 2024 (58.35). It may suggest that Note AB accelerated paying its suppliers.

Note AB Days Payable Historical Data

The historical data trend for Note 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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Note AB Days Payable Chart

Note AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.45

56.24

67.20

75.09

63.67

Note AB Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															75.23	73.39	59.90	59.54	58.35

Competitive Comparison of Note AB's Days Payable

For the Electronic Components subindustry, Note 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.

Note AB's Days Payable Distribution in the Hardware Industry

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

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

Note 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.

Note 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
=	( (62.423	+	53.888)	/	2 )	/	333.412	*	365
=	58.1555					/	333.412	*	365
=	63.67

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

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (52.666	+	46.242)	/	2 )	/	77.336	*	365 / 4
=	49.454					/	77.336	*	365 / 4
=	58.35

Note AB Days Payable Related Terms

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Note AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Note AB (FRA:NQA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NOTE:Sweden 0GSS:UK

Address

Box 3691, Stockholm, SWE, 103 59

Website

https://www.note-ems.com

Note AB is a Swedish based EMS partner. engaged in manufacturing electronics-based products that require high technology competence and flexibility. Its business has four segments which are Industrial, Communication, Medtech and Greentech.

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