Qbrick AB (NGM:QBRICK) Days Payable : 46.99 (As of Mar. 2024)

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What is Qbrick AB Days Payable?

Qbrick AB's average Accounts Payable for the three months ended in Mar. 2024 was kr2.85 Mil. Qbrick AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr5.53 Mil. Hence, Qbrick AB's Days Payable for the three months ended in Mar. 2024 was 46.99.

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

NGM:QBRICK' s Days Payable Range Over the Past 10 Years
Min: 45.15 Med: 64.74 Max: 98.49
Current: 48.21

During the past 5 years, Qbrick AB's highest Days Payable was 98.49. The lowest was 45.15. And the median was 64.74.

NGM:QBRICK's Days Payable is ranked worse than
51.07% of 2524 companies
in the Software industry
Industry Median: 49.575 vs NGM:QBRICK: 48.21

Qbrick AB's Days Payable increased from Mar. 2023 (43.06) to Mar. 2024 (46.99). It may suggest that Qbrick AB delayed paying its suppliers.

Qbrick AB Days Payable Historical Data

The historical data trend for Qbrick 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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Qbrick AB Days Payable Chart

Qbrick AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

98.49

74.93

54.54

45.15

Qbrick AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													43.06	-	-	37.40	46.99

Competitive Comparison of Qbrick AB's Days Payable

For the Software - Infrastructure subindustry, Qbrick 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.

Qbrick AB's Days Payable Distribution in the Software Industry

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

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

Qbrick 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.

Qbrick 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
=	( (3.359	+	2.846)	/	2 )	/	25.083	*	365
=	3.1025					/	25.083	*	365
=	45.15

Qbrick 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
=	( (2.846	+	0)	/	1 )	/	5.527	*	365 / 4
=	2.846					/	5.527	*	365 / 4
=	46.99

Qbrick AB Days Payable Related Terms

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Qbrick AB (NGM:QBRICK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Farogatan 33, Kista, SWE, 164 51

Website

https://www.qbrick.com

Qbrick AB is a Swedish company that provides systems for secure streaming media, including streaming of video, audio, and applications over the Internet. It delivers a cloud-based technology platform with which companies and organizations can film, edit, process, store, and distribute live video and pre-recorded videos. It enables companies and organizations to create and manage videos to engage staff, consumers, and customers in a modern way through customer-specific videos such as interactive video shopping.

Qbrick AB (NGM:QBRICK) Headlines

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