TopRight Nordic AB (NGM:TOPR) Days Payable : 379.17 (As of Sep. 2023)

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What is TopRight Nordic AB Days Payable?

TopRight Nordic AB's average Accounts Payable for the three months ended in Sep. 2023 was kr65.9 Mil. TopRight Nordic AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr15.9 Mil. Hence, TopRight Nordic AB's Days Payable for the three months ended in Sep. 2023 was 379.17.

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

NGM:TOPR' s Days Payable Range Over the Past 10 Years
Min: 62.79 Med: 80.42 Max: 1971.37
Current: 178.31

During the past 7 years, TopRight Nordic AB's highest Days Payable was 1971.37. The lowest was 62.79. And the median was 80.42.

NGM:TOPR's Days Payable is ranked better than
86.84% of 927 companies
in the Business Services industry
Industry Median: 46.77 vs NGM:TOPR: 178.31

TopRight Nordic AB's Days Payable increased from Sep. 2022 (75.87) to Sep. 2023 (379.17). It may suggest that TopRight Nordic AB delayed paying its suppliers.

TopRight Nordic AB Days Payable Historical Data

The historical data trend for TopRight Nordic 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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TopRight Nordic AB Days Payable Chart

TopRight Nordic AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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1,971.37

177.05

62.79

76.51

80.42

TopRight Nordic AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															75.87	81.25	244.71	234.25	379.17

Competitive Comparison of TopRight Nordic AB's Days Payable

For the Security & Protection Services subindustry, TopRight Nordic 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.

TopRight Nordic AB's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, TopRight Nordic AB's Days Payable distribution charts can be found below:

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

TopRight Nordic 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.

TopRight Nordic 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
=	( (47.061	+	54.996)	/	2 )	/	231.6	*	365
=	51.0285					/	231.6	*	365
=	80.42

TopRight Nordic AB's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (65.069	+	66.695)	/	2 )	/	15.855	*	365 / 4
=	65.882					/	15.855	*	365 / 4
=	379.17

TopRight Nordic AB Days Payable Related Terms

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TopRight Nordic AB (NGM:TOPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TopRight Nordic AB (NGM:TOPR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taptogatan 6, Stockholm, SWE, 115 26

Website

https://www.toprightnordic.com

TopRight Nordic AB is engaged in modern light technology and digital glass. The company's solutions improve road safety, help brands to be brand new and transform traditional exposure areas to interactive viewing windows. It has three business areas: BRIGHT Attention, BRIGHT Safety, and SMART Glass. BRIGHT Attention offers unique solutions to create attention. BRIGHT Safety offers standard products, customized solutions and safety kits with lighting technology that contribute to a safer existence on roads and for the professional teams working in the dark. SMART Glass offers glass surfaces that can become lighting, windows, wall and screen in one.

TopRight Nordic AB (NGM:TOPR) Headlines

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