Avsalt Group AB (NGM:AVSALT) Days Payable : 126.10 (As of Jun. 2023)

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What is Avsalt Group AB Days Payable?

Avsalt Group AB's average Accounts Payable for the three months ended in Jun. 2023 was kr1.07 Mil. Avsalt Group AB's Cost of Goods Sold for the three months ended in Jun. 2023 was kr0.78 Mil. Hence, Avsalt Group AB's Days Payable for the three months ended in Jun. 2023 was 126.10.

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

NGM:AVSALT' s Days Payable Range Over the Past 10 Years
Min: 30.17 Med: 30.54 Max: 82.13
Current: 82.13

During the past 4 years, Avsalt Group AB's highest Days Payable was 82.13. The lowest was 30.17. And the median was 30.54.

NGM:AVSALT's Days Payable is ranked better than
63.83% of 2524 companies
in the Software industry
Industry Median: 49.575 vs NGM:AVSALT: 82.13

Avsalt Group AB's Days Payable increased from Jun. 2022 (42.12) to Jun. 2023 (126.10). It may suggest that Avsalt Group AB delayed paying its suppliers.

Avsalt Group AB Days Payable Historical Data

The historical data trend for Avsalt Group AB'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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Avsalt Group AB Days Payable Chart

Avsalt Group AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

30.91

30.17

Avsalt Group AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial										42.12	88.86	76.81	30.56	126.10

Competitive Comparison of Avsalt Group AB's Days Payable

For the Software - Application subindustry, Avsalt Group AB'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.

Avsalt Group AB's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Avsalt Group AB's Days Payable falls into.

Avsalt Group AB 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.

Avsalt Group AB's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.742	+	0.289)	/	2 )	/	6.236	*	365
=	0.5155					/	6.236	*	365
=	30.17

Avsalt Group AB's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.492	+	1.65)	/	2 )	/	0.775	*	365 / 4
=	1.071					/	0.775	*	365 / 4
=	126.10

Avsalt Group AB Days Payable Related Terms

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Avsalt Group AB (NGM:AVSALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Avsalt Group AB (NGM:AVSALT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsportsavenyen 21, Gothenburg, SWE, 411 36

Website

https://www.zesec.com

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