Softing AG (LTS:0G73) Days Payable : 46.10 (As of Sep. 2024)

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What is Softing AG Days Payable?

Softing AG's average Accounts Payable for the three months ended in Sep. 2024 was €9.12 Mil. Softing AG's Cost of Goods Sold for the three months ended in Sep. 2024 was €18.05 Mil. Hence, Softing AG's Days Payable for the three months ended in Sep. 2024 was 46.10.

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

LTS:0G73' s Days Payable Range Over the Past 10 Years
Min: 22 Med: 35.48 Max: 39.63
Current: 38.31

During the past 13 years, Softing AG's highest Days Payable was 39.63. The lowest was 22.00. And the median was 35.48.

LTS:0G73's Days Payable is ranked worse than
57.99% of 2523 companies
in the Software industry
Industry Median: 48.75 vs LTS:0G73: 38.31

Softing AG's Days Payable increased from Sep. 2023 (31.86) to Sep. 2024 (46.10). It may suggest that Softing AG delayed paying its suppliers.

Softing AG Days Payable Historical Data

The historical data trend for Softing 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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Softing AG Days Payable Chart

Softing AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.23

38.51

37.25

39.63

35.72

Softing AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															31.86	39.27	31.05	31.93	46.10

Competitive Comparison of Softing AG's Days Payable

For the Information Technology Services subindustry, Softing 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.

Softing AG's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Softing AG's Days Payable falls into.

Softing 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.

Softing AG'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
=	( (9.266	+	6.75)	/	2 )	/	81.827	*	365
=	8.008					/	81.827	*	365
=	35.72

Softing AG's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (8.015	+	10.224)	/	2 )	/	18.052	*	365 / 4
=	9.1195					/	18.052	*	365 / 4
=	46.10

Softing AG Days Payable Related Terms

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Softing AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Softing AG (LTS:0G73) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SYT:Germany

Address

Richard-Reitzner-Allee 6, Haar, BY, DEU, 85540

Website

https://company.softing.com

Softing AG is engaged in developing software, hardware, and system solutions. The business operates in segments namely, Industrial, Automotive, and IT Networks. The Industrial segment which derives the majority of revenue engages in the provision of industrial communications solutions and products for the manufacturing and process industry. The Automotive segment stands for key technologies in automotive electronics as well as such closely related areas in electronics as the commercial vehicle or agricultural machinery industry. The IT Networks segment is engaged in testing, qualifying, and certifying cabling in IT systems. Geographically, it derives the majority of its revenue from the USA.

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