freenet AG (LTS:0MV2) Days Payable : 70.85 (As of Sep. 2024)

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What is freenet AG Days Payable?

freenet AG's average Accounts Payable for the three months ended in Sep. 2024 was €287 Mil. freenet AG's Cost of Goods Sold for the three months ended in Sep. 2024 was €369 Mil. Hence, freenet AG's Days Payable for the three months ended in Sep. 2024 was 70.85.

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

LTS:0MV2' s Days Payable Range Over the Past 10 Years
Min: 62.63 Med: 74.12 Max: 94.1
Current: 66.5

During the past 13 years, freenet AG's highest Days Payable was 94.10. The lowest was 62.63. And the median was 74.12.

LTS:0MV2's Days Payable is ranked worse than
67.05% of 346 companies
in the Telecommunication Services industry
Industry Median: 107.52 vs LTS:0MV2: 66.50

freenet AG's Days Payable increased from Sep. 2023 (63.44) to Sep. 2024 (70.85). It may suggest that freenet AG delayed paying its suppliers.

freenet AG Days Payable Historical Data

The historical data trend for freenet 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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freenet AG Days Payable Chart

freenet AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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89.47

88.11

75.00

74.33

73.91

freenet 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															63.44	50.40	73.81	83.99	70.85

Competitive Comparison of freenet AG's Days Payable

For the Telecom Services subindustry, freenet 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.

freenet AG's Days Payable Distribution in the Telecommunication Services Industry

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

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

freenet 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.

freenet 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
=	( (331.2	+	337.7)	/	2 )	/	1651.7	*	365
=	334.45					/	1651.7	*	365
=	73.91

freenet 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
=	( (283.6	+	289.4)	/	2 )	/	369	*	365 / 4
=	286.5					/	369	*	365 / 4
=	70.85

freenet AG Days Payable Related Terms

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freenet AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » freenet AG (LTS:0MV2) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FRTAY:USA FNTNd:UK FNTN:Germany FNTN:Austria

Address

Hollerstrasse 126, Budelsdorf, DEU, 24782

Website

https://www.freenet-group.de

freenet AG is a German mobile communication and mobile Internet company. It operates as an independent service provider without its own network. The company distributes mobile communications tariffs and options throughout Germany, using a subscription agreement and multi-brand strategy. The company has three operating segments: Mobile communications, TV and media and Other/holding. The Mobile communications segment generates almost all of the firm's revenue. This segment offers a product portfolio of voice and data services for mobile communication operators. It also buys mobile communications services from the network operators and sells them to its end customers.

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