LINK Mobility Group Holding ASA (LINK Mobility Group Holding ASA) Days Payable : 83.82 (As of Mar. 2024)

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What is LINK Mobility Group Holding ASA Days Payable?

LINK Mobility Group Holding ASA's average Accounts Payable for the three months ended in Mar. 2024 was $113.9 Mil. LINK Mobility Group Holding ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was $124.0 Mil. Hence, LINK Mobility Group Holding ASA's Days Payable for the three months ended in Mar. 2024 was 83.82.

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

LMGHF' s Days Payable Range Over the Past 10 Years
Min: 57.1 Med: 66.85 Max: 269.76
Current: 91.97

During the past 8 years, LINK Mobility Group Holding ASA's highest Days Payable was 269.76. The lowest was 57.10. And the median was 66.85.

LMGHF's Days Payable is ranked worse than
55.49% of 346 companies
in the Telecommunication Services industry
Industry Median: 103.495 vs LMGHF: 91.97

LINK Mobility Group Holding ASA's Days Payable declined from Mar. 2023 (92.16) to Mar. 2024 (83.82). It may suggest that LINK Mobility Group Holding ASA accelerated paying its suppliers.

LINK Mobility Group Holding ASA Days Payable Historical Data

The historical data trend for LINK Mobility Group Holding 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.

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LINK Mobility Group Holding ASA Days Payable Chart

LINK Mobility Group Holding ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.50

66.36

63.69

64.57

58.84

LINK Mobility Group Holding ASA Quarterly Data
	Dec18	Jun19	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															92.16	102.33	102.23	73.37	83.82

Competitive Comparison of LINK Mobility Group Holding ASA's Days Payable

For the Telecom Services subindustry, LINK Mobility Group Holding 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.

LINK Mobility Group Holding ASA's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, LINK Mobility Group Holding ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where LINK Mobility Group Holding ASA's Days Payable falls into.

LINK Mobility Group Holding 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.

LINK Mobility Group Holding ASA'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
=	( (70.681	+	80.138)	/	2 )	/	467.746	*	365
=	75.4095					/	467.746	*	365
=	58.84

LINK Mobility Group Holding ASA'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
=	( (80.138	+	147.688)	/	2 )	/	124.006	*	365 / 4
=	113.913					/	124.006	*	365 / 4
=	83.82

LINK Mobility Group Holding ASA Days Payable Related Terms

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LINK Mobility Group Holding ASA (LINK Mobility Group Holding ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » LINK Mobility Group Holding ASA (OTCPK:LMGHF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LINKo:Sweden LINK:Norway 0A5Q:UK

Address

Universitetsgata 2, Oslo, NOR, 0164

Website

https://www.linkmobility.com

LINK Mobility Group Holding ASA is a provider of mobile messaging and communication platform as a service (CPaaS) solutions for customer engagement serving enterprise, small and medium enterprises, and government customers. The company offers a wide range of scalable mobile solutions, creating valuable digital convergence between businesses and customers, platforms and users.

LINK Mobility Group Holding ASA (LINK Mobility Group Holding ASA) Headlines

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