Kvix AB (NGM:KVIX) Days Payable : 82.06 (As of Mar. 2024)

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What is Kvix AB Days Payable?

Kvix AB's average Accounts Payable for the three months ended in Mar. 2024 was kr0.37 Mil. Kvix AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.41 Mil. Hence, Kvix AB's Days Payable for the three months ended in Mar. 2024 was 82.06.

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

NGM:KVIX' s Days Payable Range Over the Past 10 Years
Min: 38.93 Med: 73.45 Max: 238.84
Current: 84.09

During the past 5 years, Kvix AB's highest Days Payable was 238.84. The lowest was 38.93. And the median was 73.45.

NGM:KVIX's Days Payable is ranked better than
64.61% of 2526 companies
in the Software industry
Industry Median: 49.695 vs NGM:KVIX: 84.09

Kvix AB's Days Payable increased from Mar. 2023 (46.19) to Mar. 2024 (82.06). It may suggest that Kvix AB delayed paying its suppliers.

Kvix AB Days Payable Historical Data

The historical data trend for Kvix 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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Kvix AB Days Payable Chart

Kvix AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

238.84

96.76

38.93

50.13

Kvix AB Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										46.19	99.07	75.58	68.07	82.06

Competitive Comparison of Kvix AB's Days Payable

For the Software - Application subindustry, Kvix 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.

Kvix AB's Days Payable Distribution in the Software Industry

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

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

Kvix 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.

Kvix AB'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
=	( (0.586	+	0.349)	/	2 )	/	3.404	*	365
=	0.4675					/	3.404	*	365
=	50.13

Kvix AB's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.349	+	0.383)	/	2 )	/	0.407	*	365 / 4
=	0.366					/	0.407	*	365 / 4
=	82.06

Kvix AB Days Payable Related Terms

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Kvix AB (NGM:KVIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kvix AB (NGM:KVIX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fredsgatan 17, Umea, SWE, 903 47

Website

https://www.kvix.se

Kvix AB is engaged in providing a platform for well-being through exercise - from yoga to strength training, breathing and mindfulness. It assists in finding balance in live workouts with others and monitoring the training journey. It also allows to interact with instructors and get live feedback if the users choose to share their camera image.

Kvix AB (NGM:KVIX) Headlines

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