Danish Aerospace Co A/S (OCSE:DAC) Days Payable : 33.04 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Danish Aerospace Co A/S Days Payable?

Danish Aerospace Co A/S's average Accounts Payable for the six months ended in Dec. 2023 was kr1.40 Mil. Danish Aerospace Co A/S's Cost of Goods Sold for the six months ended in Dec. 2023 was kr7.74 Mil. Hence, Danish Aerospace Co A/S's Days Payable for the six months ended in Dec. 2023 was 33.04.

The historical rank and industry rank for Danish Aerospace Co A/S's Days Payable or its related term are showing as below:

OCSE:DAC' s Days Payable Range Over the Past 10 Years
Min: 20.04 Med: 38.99 Max: 740.53
Current: 49.17

During the past 7 years, Danish Aerospace Co A/S's highest Days Payable was 740.53. The lowest was 20.04. And the median was 38.99.

OCSE:DAC's Days Payable is ranked worse than
65.99% of 297 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs OCSE:DAC: 49.17

Danish Aerospace Co A/S's Days Payable increased from Dec. 2022 (24.90) to Dec. 2023 (33.04). It may suggest that Danish Aerospace Co A/S delayed paying its suppliers.

Danish Aerospace Co A/S Days Payable Historical Data

The historical data trend for Danish Aerospace Co A/S'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.

* Premium members only.

Danish Aerospace Co A/S Days Payable Chart

Danish Aerospace Co A/S Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

20.04

21.98

32.31

38.99

56.09

Danish Aerospace Co A/S Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								36.74	23.79	24.90	73.75	33.04

Competitive Comparison of Danish Aerospace Co A/S's Days Payable

For the Aerospace & Defense subindustry, Danish Aerospace Co A/S'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.

Danish Aerospace Co A/S's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Danish Aerospace Co A/S's Days Payable distribution charts can be found below:

* The bar in red indicates where Danish Aerospace Co A/S's Days Payable falls into.

Danish Aerospace Co A/S 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.

Danish Aerospace Co A/S'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
=	( (1.737	+	1.715)	/	2 )	/	11.232	*	365
=	1.726					/	11.232	*	365
=	56.09

Danish Aerospace Co A/S's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.087	+	1.715)	/	2 )	/	7.738	*	365 / 2
=	1.401					/	7.738	*	365 / 2
=	33.04

Danish Aerospace Co A/S Days Payable Related Terms

Thank you for viewing the detailed overview of Danish Aerospace Co A/S's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Danish Aerospace Co A/S (OCSE:DAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Danish Aerospace Co A/S (OCSE:DAC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hvidkjaervej 31A Street, Odense, DNK, DK-5250

Website

https://www.danishaerospace.com

Danish Aerospace Co A/S is a high-tech company operating in the area of advanced medical instrumentation and other engineering fields primarily within space applications. The main activity of the company is to develop innovative technological solutions for space exploration. This comprises design, development, and manufacturing of medical monitoring and exercise equipment, as well as to support preparations for and realisation of manned space flights.