Nischer Properties AB (NGM:NIS) Days Payable : 209.12 (As of Jun. 2024)

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What is Nischer Properties AB Days Payable?

Nischer Properties AB's average Accounts Payable for the three months ended in Jun. 2024 was kr4.70 Mil. Nischer Properties AB's Cost of Goods Sold for the three months ended in Jun. 2024 was kr2.05 Mil. Hence, Nischer Properties AB's Days Payable for the three months ended in Jun. 2024 was 209.12.

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

NGM:NIS' s Days Payable Range Over the Past 10 Years
Min: 370.78 Med: 815.76 Max: 7882.79
Current: 370.78

During the past 13 years, Nischer Properties AB's highest Days Payable was 7882.79. The lowest was 370.78. And the median was 815.76.

NGM:NIS's Days Payable is ranked better than
83.01% of 1566 companies
in the Real Estate industry
Industry Median: 96.165 vs NGM:NIS: 370.78

Nischer Properties AB's Days Payable declined from Jun. 2023 (496.44) to Jun. 2024 (209.12). It may suggest that Nischer Properties AB accelerated paying its suppliers.

Nischer Properties AB Days Payable Historical Data

The historical data trend for Nischer Properties 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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Nischer Properties AB Days Payable Chart

Nischer Properties AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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512.27

1,080.07

7,882.79

551.45

Nischer Properties AB Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															496.44	1,965.44	338.97	185.29	209.12

Competitive Comparison of Nischer Properties AB's Days Payable

For the Real Estate - Development subindustry, Nischer Properties 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.

Nischer Properties AB's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Nischer Properties AB's Days Payable distribution charts can be found below:

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

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Nischer Properties 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.

Nischer Properties 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
=	( (7.613	+	4.797)	/	2 )	/	4.107	*	365
=	6.205					/	4.107	*	365
=	551.45

Nischer Properties AB's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (4.235	+	5.161)	/	2 )	/	2.05	*	365 / 4
=	4.698					/	2.05	*	365 / 4
=	209.12

Nischer Properties AB Days Payable Related Terms

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Nischer Properties AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nischer Properties AB (NGM:NIS) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Upplandsgatan 14, Stockholm, SWE, 111 23

Website

https://www.nischer.se

Nischer Properties AB is a property development company focusing on niche concept housing in major and university cities. The company offers concept housing such as Start Living, Competence Living, Family Living, Grand Living and Care Living.

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