Front Ventures (NGM:FRNT B) Days Payable : 974.51 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Front Ventures Days Payable?

Front Ventures's average Accounts Payable for the six months ended in Dec. 2023 was kr3.03 Mil. Front Ventures's Cost of Goods Sold for the six months ended in Dec. 2023 was kr0.57 Mil. Hence, Front Ventures's Days Payable for the six months ended in Dec. 2023 was 974.51.

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

NGM:FRNT B' s Days Payable Range Over the Past 10 Years
Min: 31.15 Med: 144.25 Max: 478.17
Current: 478.17

During the past 9 years, Front Ventures's highest Days Payable was 478.17. The lowest was 31.15. And the median was 144.25.

NGM:FRNT B's Days Payable is ranked better than
87.37% of 285 companies
in the Credit Services industry
Industry Median: 43.72 vs NGM:FRNT B: 478.17

Front Ventures's Days Payable increased from Dec. 2022 (611.81) to Dec. 2023 (974.51). It may suggest that Front Ventures delayed paying its suppliers.

Front Ventures Days Payable Historical Data

The historical data trend for Front Ventures'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.

Front Ventures Days Payable Chart

Front Ventures Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

144.25

248.04

171.50

258.23

361.68

Front Ventures Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial												185.84	158.71	611.81	366.68	974.51

Competitive Comparison of Front Ventures's Days Payable

For the Credit Services subindustry, Front Ventures'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.

Front Ventures's Days Payable Distribution in the Credit Services Industry

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

* The bar in red indicates where Front Ventures's Days Payable falls into.

Front Ventures 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.

Front Ventures'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
=	( (1.928	+	2.103)	/	2 )	/	2.034	*	365
=	2.0155					/	2.034	*	365
=	361.68

Front Ventures's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.963	+	2.103)	/	2 )	/	0.568	*	365 / 2
=	3.033					/	0.568	*	365 / 2
=	974.51

Front Ventures Days Payable Related Terms

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

Front Ventures (NGM:FRNT B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Front Ventures (NGM:FRNT B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsgatan 3, Stockholm, SWE, Stockholm

Website

https://www.frontventures.se

Front Ventures is an investment company that focuses on the fintech sector. It invest in markets that are not yet saturated.

Front Ventures (NGM:FRNT B) Headlines

No Headlines