Cardeon ABNGM:CARDEO -9.23% Days Payable is 62.44 as of Dec. 2025, which is 41% above its 10-year median of 44.28. The stock has 5 warning signs investors should review. Among 480 Asset Management companies, Cardeon AB ranks better than 56.46% on this metric.
Cardeon AB's average Accounts Payable for the
three
months ended in Dec. 2025 was kr1.67 Mil. Cardeon AB's Cost of Goods Sold for the
three
months ended in Dec. 2025 was kr2.44 Mil.
Hence, Cardeon AB's Days Payable for the
three
months ended in Dec. 2025 was 62.44.
The historical rank and industry rank for Cardeon AB's Days Payable or its related term are showing as below:
NGM:CARDEO'
s Days Payable Range Over the Past 10 Years
Min: 15.52 Med: 44.28 Max: 89.7
Current: 89.7
During the past 9 years, Cardeon AB's highest Days Payable was 89.70. The lowest was 15.52. And the median was 44.28.
NGM:CARDEO's Days Payable is ranked better than 56.46% of 480
companies
in the Asset Management industry
Industry Median: 70.83
vs NGM:CARDEO: 89.70
Cardeon AB's Days Payable
declined
from Dec. 2023 (96.37) to Dec. 2025 (62.44).
It may suggest that Cardeon ABaccelerated paying its suppliers.
Cardeon AB Days Payable Related Terms
Cardeon AB Days Payable Historical Data
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The historical data trend for Cardeon 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.
NGM:CARDEO vs BLK, BX, KKR: Days Payable Comparison
For the Asset Management subindustry, Cardeon 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.
Cardeon AB Days Payable vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Cardeon AB's Days Payable distribution charts can be found below:
* The bar in red indicates where Cardeon AB's Days Payable falls into.
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.
Cardeon AB's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Cardeon AB (NGM:CARDEO) has a Days Payable of 62.44 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Cardeon AB and its competitors. This is 41% above median its historical median of 44.28. Over the past decade, Cardeon AB's Days Payable has ranged from 15.52 to 89.70. According to the industry distribution chart, Cardeon AB ranks #209 out of 480 companies in the Asset Management industry, placing it in the top 43.5%.
Is Cardeon AB's Days Payable too high?
Cardeon AB's current Days Payable of 62.44 is 41% above median its 10-year median of 44.28. Over the past 10 years, this metric has ranged from a low of 15.52 to a high of 89.70. The Asset Management industry median Days Payable is 70.83. Cardeon AB's value of 62.44 is 11.8% below this industry median. Based on the distribution chart, Cardeon AB ranks #209 out of 480 companies in the Asset Management industry, which is above the industry midpoint.
How does Cardeon AB's Days Payable compare to BLK and BX?
According to the Asset Management industry distribution chart, Cardeon AB ranks #209 out of 480 companies for Days Payable. This puts Cardeon AB in the upper half of its industry. The industry median Days Payable is 70.83. Cardeon AB's value of 62.44 is 11.8% below this benchmark. Historically, Cardeon AB's own Days Payable has ranged from 15.52 to 89.70 over the past decade. While the company's 10-year median is 44.28 vs. the industry median of 70.83, Cardeon AB has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Asset Management company?
The median Days Payable among Asset Management companies is 70.83, based on 480 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cardeon AB's current Days Payable of 62.44 is 11.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Cardeon AB and its competitors. For the Asset Management industry, the median Days Payable is 70.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cardeon AB's current Days Payable is 62.44, which is 41% above median its own 10-year median of 44.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cardeon AB stock overvalued right now?
Based on GuruFocus' analysis, Cardeon AB (NGM:CARDEO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.01, compared to a current price of kr0.06 — trading 490% above its estimated fair value. The current Days Payable is 62.44, which is 41% above median its 10-year median of 44.28 and 11.8% below the Asset Management industry median of 70.83. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Cardeon AB (NGM:CARDEO), the current Days Payable is 62.44 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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