Nagarro SE (LTS:0AA3) Days Payable : 8.18 (As of Mar. 2024)

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What is Nagarro SE Days Payable?

Nagarro SE's average Accounts Payable for the three months ended in Mar. 2024 was €16.6 Mil. Nagarro SE's Cost of Goods Sold for the three months ended in Mar. 2024 was €185.3 Mil. Hence, Nagarro SE's Days Payable for the three months ended in Mar. 2024 was 8.18.

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

LTS:0AA3' s Days Payable Range Over the Past 10 Years
Min: 7.79 Med: 16.88 Max: 21.67
Current: 7.79

During the past 6 years, Nagarro SE's highest Days Payable was 21.67. The lowest was 7.79. And the median was 16.88.

LTS:0AA3's Days Payable is ranked worse than
93.9% of 2523 companies
in the Software industry
Industry Median: 49.74 vs LTS:0AA3: 7.79

Nagarro SE's Days Payable increased from Mar. 2023 (7.42) to Mar. 2024 (8.18). It may suggest that Nagarro SE delayed paying its suppliers.

Nagarro SE Days Payable Historical Data

The historical data trend for Nagarro SE'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.

Nagarro SE Days Payable Chart

Nagarro SE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.12

21.67

16.88

9.36

8.23

Nagarro SE Quarterly Data
	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													7.42	7.55	7.88	8.21	8.18

Competitive Comparison of Nagarro SE's Days Payable

For the Information Technology Services subindustry, Nagarro SE'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.

Nagarro SE's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Nagarro SE's Days Payable falls into.

Nagarro SE 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.

Nagarro SE'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
=	( (15.251	+	17.936)	/	2 )	/	735.834	*	365
=	16.5935					/	735.834	*	365
=	8.23

Nagarro SE'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
=	( (17.936	+	15.271)	/	2 )	/	185.325	*	365 / 4
=	16.6035					/	185.325	*	365 / 4
=	8.18

Nagarro SE Days Payable Related Terms

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Nagarro SE (LTS:0AA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nagarro SE (LTS:0AA3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NGRRF:USA NA9d:UK NA9:Germany

Address

Baierbrunner Street 15, Munich, BY, DEU, 81379

Website

https://www.nagarro.com

Nagarro SE is a digital engineering company. It offers application development and management, digital product engineering, artificial intelligence and machine learning, cloud solutions, digital marketing, IoT solutions, digital commerce solutions, managed services, and others. The company's geographical segment includes North America, Central Europe, Rest of Europe, and Rest of World. It derives a majority of its revenue from the Central Europe segment.

Nagarro SE (LTS:0AA3) Headlines

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