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Nord Insuretech Group ABNGM:NORDIG -4.11%19 Days Payable is 41.81 as of Dec. 2025, which is 48% below its 10-year median of 80.71. GuruFocus rates NGM:NORDIG with a GF Score™ of 19/100. The stock has 8 warning signs investors should review. Among 2,609 Software companies, Nord Insuretech Group AB ranks worse than 53.05% on this metric.
* 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:NORDIG vs QH, SHOP, UBER: Days Payable Comparison
For the Software - Application subindustry, Nord Insuretech 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.
Nord Insuretech Group AB Days Payable vs Software Industry
For the Software industry and Technology sector, Nord Insuretech Group AB's Days Payable distribution charts can be found below:
* The bar in red indicates where Nord Insuretech Group 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.
Nord Insuretech Group 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.
Nord Insuretech Group AB (NGM:NORDIG) has a Days Payable of 41.81 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 Nord Insuretech Group AB and its competitors. This is 48% below median its historical median of 80.71. Over the past decade, Nord Insuretech Group AB's Days Payable has ranged from 15.14 to 4,581.22. According to the industry distribution chart, Nord Insuretech Group AB ranks #1384 out of 2609 companies in the Software industry, placing it in the top 53%.
Is Nord Insuretech Group AB's Days Payable too high?
Nord Insuretech Group AB's current Days Payable of 41.81 is 48% below median its 10-year median of 80.71. Over the past 10 years, this metric has ranged from a low of 15.14 to a high of 4,581.22. The Software industry median Days Payable is 52.78. Nord Insuretech Group AB's value of 41.81 is 20.8% below this industry median. Based on the distribution chart, Nord Insuretech Group AB ranks #1384 out of 2609 companies in the Software industry, which is below the industry midpoint. Overall, Nord Insuretech Group AB has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Nord Insuretech Group AB's Days Payable compare to QH and SHOP?
According to the Software industry distribution chart, Nord Insuretech Group AB ranks #1384 out of 2609 companies for Days Payable. This places Nord Insuretech Group AB in the lower half of its industry. The industry median Days Payable is 52.78. Nord Insuretech Group AB's value of 41.81 is 20.8% below this benchmark. Historically, Nord Insuretech Group AB's own Days Payable has ranged from 15.14 to 4,581.22 over the past decade. While the company's 10-year median is 80.71 vs. the industry median of 52.78, Nord Insuretech Group 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 a Software company?
The median Days Payable among Software companies is 52.78, based on 2,609 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. Nord Insuretech Group AB's current Days Payable of 41.81 is 20.8% 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 Nord Insuretech Group AB and its competitors. For the Software industry, the median Days Payable is 52.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nord Insuretech Group AB's current Days Payable is 41.81, which is 48% below median its own 10-year median of 80.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nord Insuretech Group AB stock overvalued right now?
Nord Insuretech Group AB (NGM:NORDIG) has a current Days Payable of 41.81. The current Days Payable is 41.81, which is 48% below median its 10-year median of 80.71 and 20.8% below the Software industry median of 52.78. Nord Insuretech Group AB's overall GF Score™ is 19/100 with 8 warning signs to review. 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 Nord Insuretech Group AB (NGM:NORDIG), the current Days Payable is 41.81 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.
Nord Insuretech Group AB is a operator of digital platform. It delivers next-generation integrated insurance in the Nordic region. The company distributes its services through partners who can then sell various insurance products to end customers through the company's digital platform.
19GF Score
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