Nosium AB (NGM:NOSIUM B) Days Payable : 74.77 (As of Mar. 2024)

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What is Nosium AB Days Payable?

Nosium AB's average Accounts Payable for the three months ended in Mar. 2024 was kr1.96 Mil. Nosium AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr2.39 Mil. Hence, Nosium AB's Days Payable for the three months ended in Mar. 2024 was 74.77.

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

NGM:NOSIUM B' s Days Payable Range Over the Past 10 Years
Min: 48.29 Med: 58.89 Max: 77.06
Current: 77.06

During the past 6 years, Nosium AB's highest Days Payable was 77.06. The lowest was 48.29. And the median was 58.89.

NGM:NOSIUM B's Days Payable is ranked better than
50.86% of 466 companies
in the Asset Management industry
Industry Median: 74.64 vs NGM:NOSIUM B: 77.06

Nosium AB's Days Payable increased from Dec. 2022 (56.72) to Mar. 2024 (74.77). It may suggest that Nosium AB delayed paying its suppliers.

Nosium AB Days Payable Historical Data

The historical data trend for Nosium 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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Nosium AB Days Payable Chart

Nosium AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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62.22

71.81

55.56

48.29

52.56

Nosium AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															56.72	63.59	60.27	55.06	74.77

Competitive Comparison of Nosium AB's Days Payable

For the Asset Management subindustry, Nosium 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.

Nosium AB's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nosium AB's Days Payable distribution charts can be found below:

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

Nosium 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.

Nosium AB's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.708	+	1.836)	/	2 )	/	12.306	*	365
=	1.772					/	12.306	*	365
=	52.56

Nosium 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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2.922	+	0.988)	/	2 )	/	2.386	*	365 / 4
=	1.955					/	2.386	*	365 / 4
=	74.77

Nosium AB Days Payable Related Terms

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Nosium AB (NGM:NOSIUM B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nosium AB (NGM:NOSIUM B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Artillerigatan 6, Stockholm, SWE, 11451

Website

https://nosium.com

Nosium AB invests in companies with operations online, organic and sustainable. It owns, manages, and acquires shares in companies where it can increase growth and market value by implementing new digital strategies. Its investments are found in innovative tech platforms and product brands that target a health and sustainability-conscious target group.

Nosium AB (NGM:NOSIUM B) Headlines

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