11 88 0 Solutions AG (FRA:TGT) Days Payable : 13.26 (As of Sep. 2023)

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What is 11 88 0 Solutions AG Days Payable?

11 88 0 Solutions AG's average Accounts Payable for the three months ended in Sep. 2023 was €1.14 Mil. 11 88 0 Solutions AG's Cost of Goods Sold for the three months ended in Sep. 2023 was €7.81 Mil. Hence, 11 88 0 Solutions AG's Days Payable for the three months ended in Sep. 2023 was 13.26.

The historical rank and industry rank for 11 88 0 Solutions AG's Days Payable or its related term are showing as below:

FRA:TGT' s Days Payable Range Over the Past 10 Years
Min: 4.99 Med: 11.99 Max: 35.34
Current: 15.83

During the past 13 years, 11 88 0 Solutions AG's highest Days Payable was 35.34. The lowest was 4.99. And the median was 11.99.

FRA:TGT's Days Payable is ranked worse than
95.39% of 347 companies
in the Telecommunication Services industry
Industry Median: 101.41 vs FRA:TGT: 15.83

11 88 0 Solutions AG's Days Payable increased from Jun. 2022 (9.33) to Sep. 2023 (13.26). It may suggest that 11 88 0 Solutions AG delayed paying its suppliers.

11 88 0 Solutions AG Days Payable Historical Data

The historical data trend for 11 88 0 Solutions AG'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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11 88 0 Solutions AG Days Payable Chart

11 88 0 Solutions AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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5.21

4.99

11.64

12.33

5.59

11 88 0 Solutions AG Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															9.33	12.48	10.64	12.79	13.26

Competitive Comparison of 11 88 0 Solutions AG's Days Payable

For the Telecom Services subindustry, 11 88 0 Solutions AG'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.

11 88 0 Solutions AG's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, 11 88 0 Solutions AG's Days Payable distribution charts can be found below:

* The bar in red indicates where 11 88 0 Solutions AG's Days Payable falls into.

11 88 0 Solutions AG 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.

11 88 0 Solutions AG's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.713	+	0.275)	/	2 )	/	32.256	*	365
=	0.494					/	32.256	*	365
=	5.59

11 88 0 Solutions AG'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
=	( (1.491	+	0.779)	/	2 )	/	7.809	*	365 / 4
=	1.135					/	7.809	*	365 / 4
=	13.26

11 88 0 Solutions AG Days Payable Related Terms

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11 88 0 Solutions AG (FRA:TGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » 11 88 0 Solutions AG (FRA:TGT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TGT:Germany

Address

Hohenzollernstrasse 24, Essen, NW, DEU, 45128

Website

https://www.11880.com

11 88 0 Solutions AG is telecom service company based in Germany. The company has business segments that are Directory Assistance and Digital. The Directory Assistance segment provides services related to inquiries made at by phone for information regarding of phone numbers, pre-dial numbers and addresses while the Digital segment receives revenue from advertisements on the company's platforms and websites. The Digital segment also includes the software solutions business, which comprises digital telephone books and yellow pages on CDROM and as intranet and database solutions. The company's product line includes online marketing and various tools to analyze data. The Digital segment generates maximum revenue for the company.