Triona AB (NGM:TRIONA) Days Payable : 12.07 (As of Sep. 2023)

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What is Triona AB Days Payable?

Triona AB's average Accounts Payable for the three months ended in Sep. 2023 was kr5.1 Mil. Triona AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr38.2 Mil. Hence, Triona AB's Days Payable for the three months ended in Sep. 2023 was 12.07.

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

NGM:TRIONA' s Days Payable Range Over the Past 10 Years
Min: 7.77 Med: 11.74 Max: 12.82
Current: 10.48

During the past 3 years, Triona AB's highest Days Payable was 12.82. The lowest was 7.77. And the median was 11.74.

NGM:TRIONA's Days Payable is ranked worse than
91.1% of 2528 companies
in the Software industry
Industry Median: 50.545 vs NGM:TRIONA: 10.48

Triona AB's Days Payable declined from Sep. 2022 (13.32) to Sep. 2023 (12.07). It may suggest that Triona AB accelerated paying its suppliers.

Triona AB Days Payable Historical Data

The historical data trend for Triona 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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Triona AB Days Payable Chart

Triona AB Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

7.77

11.74

12.82

Triona AB Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial					13.32	11.46	10.23	8.10	12.07

Competitive Comparison of Triona AB's Days Payable

For the Information Technology Services subindustry, Triona 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.

Triona AB's Days Payable Distribution in the Software Industry

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

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

Triona 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.

Triona 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
=	( (6.185	+	6.78)	/	2 )	/	184.629	*	365
=	6.4825					/	184.629	*	365
=	12.82

Triona 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
=	( (4.58	+	5.532)	/	2 )	/	38.226	*	365 / 4
=	5.056					/	38.226	*	365 / 4
=	12.07

Triona AB Days Payable Related Terms

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Triona AB (NGM:TRIONA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Box 762, Borlange, SWE, S-781 27

Website

https://www.triona.se

Triona AB is a leading and reliable supplier of innovative IT solutions related to logistics and infrastructure-oriented businesses.

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