Relesys AS (OCSE:RELE) Days Payable : 117.47 (As of Dec. 2023)

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What is Relesys AS Days Payable?

Relesys AS's average Accounts Payable for the three months ended in Dec. 2023 was kr1.86 Mil. Relesys AS's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1.45 Mil. Hence, Relesys AS's Days Payable for the three months ended in Dec. 2023 was 117.47.

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

OCSE:RELE' s Days Payable Range Over the Past 10 Years
Min: 44.62 Med: 54.08 Max: 228.56
Current: 228.56

During the past 5 years, Relesys AS's highest Days Payable was 228.56. The lowest was 44.62. And the median was 54.08.

OCSE:RELE's Days Payable is ranked better than
84.91% of 2531 companies
in the Software industry
Industry Median: 50.36 vs OCSE:RELE: 228.56

Relesys AS's Days Payable declined from Sep. 2022 (122.84) to Dec. 2023 (117.47). It may suggest that Relesys AS accelerated paying its suppliers.

Relesys AS Days Payable Historical Data

The historical data trend for Relesys AS'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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Relesys AS Days Payable Chart

Relesys AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

44.62

54.08

51.62

129.14

138.20

Relesys AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial					122.84	65.18	-	104.68	117.47

Competitive Comparison of Relesys AS's Days Payable

For the Software - Application subindustry, Relesys AS'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.

Relesys AS's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Relesys AS's Days Payable falls into.

Relesys AS 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.

Relesys AS'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
=	( (1.545	+	2.352)	/	2 )	/	5.146	*	365
=	1.9485					/	5.146	*	365
=	138.20

Relesys AS'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.376	+	2.352)	/	2 )	/	1.448	*	365 / 4
=	1.864					/	1.448	*	365 / 4
=	117.47

Relesys AS Days Payable Related Terms

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Relesys AS (OCSE:RELE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Relesys AS (OCSE:RELE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NA0:Germany

Address

Orient Plads 1, 1 Floor, Nordhavn, DNK, 2150

Website

https://www.relesys.net

Relesys AS is a software company delivering customized communication and performance Platforms. Its software engages and develops employee's personal growth and aspires them to achieve more. The app makes it possible to make data-driven decisions and implement strategies to increase the overall productivity of any company.

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