Vincit (OHEL:VINCIT) Days Payable : 31.24 (As of Jun. 2024)

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What is Vincit Days Payable?

Vincit's average Accounts Payable for the six months ended in Jun. 2024 was €4.45 Mil. Vincit's Cost of Goods Sold for the six months ended in Jun. 2024 was €25.99 Mil. Hence, Vincit's Days Payable for the six months ended in Jun. 2024 was 31.24.

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

OHEL:VINCIT' s Days Payable Range Over the Past 10 Years
Min: 6.98 Med: 12.08 Max: 194.53
Current: 25.97

During the past 10 years, Vincit's highest Days Payable was 194.53. The lowest was 6.98. And the median was 12.08.

OHEL:VINCIT's Days Payable is ranked worse than
70.79% of 2523 companies
in the Software industry
Industry Median: 48.75 vs OHEL:VINCIT: 25.97

Vincit's Days Payable increased from Jun. 2023 (20.06) to Jun. 2024 (31.24). It may suggest that Vincit delayed paying its suppliers.

Vincit Days Payable Historical Data

The historical data trend for Vincit'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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Vincit Days Payable Chart

Vincit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.43

9.45

11.38

18.89

29.34

Vincit Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															15.66	17.85	20.06	26.49	31.24

Competitive Comparison of Vincit's Days Payable

For the Software - Application subindustry, Vincit'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.

Vincit's Days Payable Distribution in the Software Industry

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

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

Vincit 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.

Vincit'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
=	( (3.709	+	5.528)	/	2 )	/	57.446	*	365
=	4.6185					/	57.446	*	365
=	29.34

Vincit's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (5.528	+	3.37)	/	2 )	/	25.99	*	365 / 2
=	4.449					/	25.99	*	365 / 2
=	31.24

Vincit Days Payable Related Terms

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Vincit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vincit PLC (OHEL:VINCIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Visiokatu 1, Tampere, FIN, 33720

Website

https://www.vincit.fi

Vincit PLC is engaged in providing software development services. The company offers digital transformation, design and development, digital platform services, data & AI capabilities, and extensive platform expertise in SAP ecosystem technologies, VincitEAM, and others. The firm operates in Finland, Poland, Portugal, Sweden, and the United States.

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