Netcompany Group AS (LTS:0YH9) Days Payable : 25.95 (As of Jun. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Netcompany Group AS Days Payable?

Netcompany Group AS's average Accounts Payable for the three months ended in Jun. 2024 was kr333 Mil. Netcompany Group AS's Cost of Goods Sold for the three months ended in Jun. 2024 was kr1,170 Mil. Hence, Netcompany Group AS's Days Payable for the three months ended in Jun. 2024 was 25.95.

The historical rank and industry rank for Netcompany Group AS's Days Payable or its related term are showing as below:

LTS:0YH9' s Days Payable Range Over the Past 10 Years
Min: 9.1 Med: 15.72 Max: 29.25
Current: 26.58

During the past 9 years, Netcompany Group AS's highest Days Payable was 29.25. The lowest was 9.10. And the median was 15.72.

LTS:0YH9's Days Payable is ranked worse than
70.79% of 2554 companies
in the Software industry
Industry Median: 49.265 vs LTS:0YH9: 26.58

Netcompany Group AS's Days Payable declined from Jun. 2023 (26.02) to Jun. 2024 (25.95). It may suggest that Netcompany Group AS accelerated paying its suppliers.

Netcompany Group AS Days Payable Historical Data

The historical data trend for Netcompany Group AS'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.

Netcompany Group AS Days Payable Chart

Netcompany Group AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

12.30

9.10

29.25

28.72

25.24

Netcompany Group AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															26.02	27.50	25.88	26.69	25.95

Competitive Comparison of Netcompany Group AS's Days Payable

For the Information Technology Services subindustry, Netcompany Group AS'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.

Netcompany Group AS's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Netcompany Group AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Netcompany Group AS's Days Payable falls into.

Netcompany Group AS 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.

Netcompany Group AS'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
=	( (265.2	+	340)	/	2 )	/	4375.4	*	365
=	302.6					/	4375.4	*	365
=	25.24

Netcompany Group AS's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (338.7	+	326.7)	/	2 )	/	1170.1	*	365 / 4
=	332.7					/	1170.1	*	365 / 4
=	25.95

Netcompany Group AS Days Payable Related Terms

Thank you for viewing the detailed overview of Netcompany Group AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Netcompany Group AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Netcompany Group AS (LTS:0YH9) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NTCYF:USA NETCc:UK NETC:Denmark 60N:Germany

Address

Strandgade 3, Copenhagen, DNK, 1401

Website

https://www.netcompany.com

Netcompany Group AS is an information technology company. The company is engaged in delivering business-critical IT solutions to large Public and Private sector customers and supporting them in their digital transformation journeys. Its products include software solutions and digital platforms such as Pulse, Easley AI and Solon Tax among others. It generates maximum revenue from the Public segment. The company serves enterprises from Finance; Government; Manufacturing and engineering; Municipalities; Retail and trade; Service companies; Telecommunication and media; Energy and Utilities and other industries. Geographically, it derives a majority of its revenue from Denmark and also has its presence in United Kingdom, Belgium, Greece, Netherlands and other regions.

Netcompany Group AS Headlines

No Headlines