Multitude AG (LTS:0R4W) Days Payable : 0.00 (As of Sep. 2024)

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What is Multitude AG Days Payable?

Multitude AG's average Accounts Payable for the three months ended in Sep. 2024 was €0.0 Mil. Multitude AG's Cost of Goods Sold for the three months ended in Sep. 2024 was €8.7 Mil. Hence, Multitude AG's Days Payable for the three months ended in Sep. 2024 was 0.00.

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

LTS:0R4W' s Days Payable Range Over the Past 10 Years
Min: 46.94 Med: 63.89 Max: 102.46
Current: 80.21

During the past 10 years, Multitude AG's highest Days Payable was 102.46. The lowest was 46.94. And the median was 63.89.

LTS:0R4W's Days Payable is ranked better than
68.15% of 292 companies
in the Credit Services industry
Industry Median: 36.385 vs LTS:0R4W: 80.21

Multitude AG's Days Payable declined from Sep. 2023 (28.61) to Sep. 2024 (0.00). It may suggest that Multitude AG accelerated paying its suppliers.

Multitude AG Days Payable Historical Data

The historical data trend for Multitude 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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Multitude AG Days Payable Chart

Multitude AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.94

52.35

62.16

Multitude 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															28.61	82.18	-	-	-

Competitive Comparison of Multitude AG's Days Payable

For the Credit Services subindustry, Multitude 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.

Multitude AG's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Multitude AG's Days Payable distribution charts can be found below:

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

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Multitude 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.

Multitude 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
=	( (0	+	0)	/	1 )	/	36.983	*	365
=	0					/	36.983	*	365
=	0.00

Multitude 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
=	( (0	+	0)	/	1 )	/	8.743	*	365 / 4
=	0					/	8.743	*	365 / 4
=	0.00

Multitude AG Days Payable Related Terms

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Multitude AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Multitude AG (LTS:0R4W) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MULT:Germany

Address

Ratamestarinkatu 11 A, Helsinki, FIN, 00520

Website

https://www.multitude.com

Multitude AG, formerly Multitude SE is a European FinTech company that offers digital financial and banking services to both individuals and small and medium-sized businesses. The company's operations are divided into three business units: consumer banking (Ferratum), SME banking (CapitalBox) and wholesale banking (Multitude Bank). These units are supported by an internal Banking-as-a-Service platform. The company operates in nearly 16 different countries.

Multitude AG Headlines

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