Goobit Group AB (NGM:BTCX) Days Payable : 1.90 (As of Jul. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Goobit Group AB Days Payable?

Goobit Group AB's average Accounts Payable for the three months ended in Jul. 2024 was kr0.60 Mil. Goobit Group AB's Cost of Goods Sold for the three months ended in Jul. 2024 was kr28.59 Mil. Hence, Goobit Group AB's Days Payable for the three months ended in Jul. 2024 was 1.90.

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

NGM:BTCX' s Days Payable Range Over the Past 10 Years
Min: 0.8 Med: 1.29 Max: 4.45
Current: 2.02

During the past 6 years, Goobit Group AB's highest Days Payable was 4.45. The lowest was 0.80. And the median was 1.29.

NGM:BTCX's Days Payable is ranked worse than
93.23% of 517 companies
in the Capital Markets industry
Industry Median: 115.91 vs NGM:BTCX: 2.02

Goobit Group AB's Days Payable declined from Apr. 2023 (4.11) to Jul. 2024 (1.90). It may suggest that Goobit Group AB accelerated paying its suppliers.

Goobit Group AB Days Payable Historical Data

The historical data trend for Goobit 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.

* Premium members only.

Goobit Group AB Days Payable Chart

Goobit Group AB Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Days Payable

Get a 7-Day Free Trial

1.08

0.80

1.42

4.45

2.40

Goobit Group AB Quarterly Data
	Apr19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Jan24	Apr24	Jul24
Days Payable	Get a 7-Day Free Trial														4.11	2.70	1.30	1.32	1.90

Competitive Comparison of Goobit Group AB's Days Payable

For the Financial Data & Stock Exchanges subindustry, Goobit 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.

Goobit Group AB's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Goobit Group AB's Days Payable distribution charts can be found below:

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

Goobit 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.

Goobit Group AB's Days Payable for the fiscal year that ended in Apr. 2024 is calculated as

	Days Payable (A: Apr. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2023 )	+	Accounts Payable (A: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2024 )	*	Days in Period
=	( (0.827	+	0.567)	/	2 )	/	105.941	*	365
=	0.697					/	105.941	*	365
=	2.40

Goobit Group AB's Days Payable for the quarter that ended in Jul. 2024 is calculated as:

	Days Payable (Q: Jul. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2024 )	+	Accounts Payable (Q: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
=	( (0.567	+	0.623)	/	2 )	/	28.594	*	365 / 4
=	0.595					/	28.594	*	365 / 4
=	1.90

Goobit Group AB Days Payable Related Terms

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

Goobit Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Goobit Group AB (NGM:BTCX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9AI:Germany

Address

Stora Nygatan 28, Stockholm, SWE, 111 27

Website

https://www.goobit.se

Goobit Group AB is a crypto exchange company. It offers exchange services of Swedish kronor and euros to the digital currencies bitcoin and ether, and has so far exchanged over SEK 1.7 billion. The company's brands are BTCX Express and Standard BTCX.

Goobit Group AB Headlines

No Headlines