Next Biometrics Group ASA (Next Biometrics Group ASA) Days Payable : 85.84 (As of Mar. 2024)

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What is Next Biometrics Group ASA Days Payable?

Next Biometrics Group ASA's average Accounts Payable for the three months ended in Mar. 2024 was $0.50 Mil. Next Biometrics Group ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.53 Mil. Hence, Next Biometrics Group ASA's Days Payable for the three months ended in Mar. 2024 was 85.84.

The historical rank and industry rank for Next Biometrics Group ASA's Days Payable or its related term are showing as below:

NXTBF' s Days Payable Range Over the Past 10 Years
Min: 63.13 Med: 84.37 Max: 95.77
Current: 70.67

During the past 13 years, Next Biometrics Group ASA's highest Days Payable was 95.77. The lowest was 63.13. And the median was 84.37.

NXTBF's Days Payable is ranked better than
59.73% of 2421 companies
in the Hardware industry
Industry Median: 67.77 vs NXTBF: 70.67

Next Biometrics Group ASA's Days Payable declined from Mar. 2023 (111.73) to Mar. 2024 (85.84). It may suggest that Next Biometrics Group ASA accelerated paying its suppliers.

Next Biometrics Group ASA Days Payable Historical Data

The historical data trend for Next Biometrics Group ASA'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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Next Biometrics Group ASA Days Payable Chart

Next Biometrics Group ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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90.77

82.84

81.60

82.94

96.53

Next Biometrics Group ASA Quarterly Data
	Jun19	Sep19	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															111.73	73.75	64.57	70.29	85.84

Competitive Comparison of Next Biometrics Group ASA's Days Payable

For the Scientific & Technical Instruments subindustry, Next Biometrics Group ASA'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.

Next Biometrics Group ASA's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Next Biometrics Group ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Next Biometrics Group ASA's Days Payable falls into.

Next Biometrics Group ASA 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.

Next Biometrics Group ASA'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
=	( (0.787	+	0.567)	/	2 )	/	2.56	*	365
=	0.677					/	2.56	*	365
=	96.53

Next Biometrics Group ASA'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
=	( (0.567	+	0.432)	/	2 )	/	0.531	*	365 / 4
=	0.4995					/	0.531	*	365 / 4
=	85.84

Next Biometrics Group ASA Days Payable Related Terms

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Next Biometrics Group ASA (Next Biometrics Group ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Next Biometrics Group ASA (GREY:NXTBF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NEXT:Norway NT7:Germany

Address

Apotekergata 10B, Oslo, NOR, 0180

Website

https://www.nextbiometrics.com

Next Biometrics Group ASA provides fingerprint sensor technology and products. The company's products are utilized for Smart Card, Government ID, Access control, Notebook, and others. The company's products include smart card solutions, fingerprint sensor modules, fingerprint readers, Aadhar products, Software DevKits, and Hardware DevKits. The majority of the revenue is derived from the sale of sensors.