AF Gruppen ASA (OSL:AFG) Days Payable : 105.30 (As of Mar. 2024)

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What is AF Gruppen ASA Days Payable?

AF Gruppen ASA's average Accounts Payable for the three months ended in Mar. 2024 was kr5,565 Mil. AF Gruppen ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr4,822 Mil. Hence, AF Gruppen ASA's Days Payable for the three months ended in Mar. 2024 was 105.30.

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

OSL:AFG' s Days Payable Range Over the Past 10 Years
Min: 41.88 Med: 63.12 Max: 125.91
Current: 125.91

During the past 13 years, AF Gruppen ASA's highest Days Payable was 125.91. The lowest was 41.88. And the median was 63.12.

OSL:AFG's Days Payable is ranked better than
71.8% of 1603 companies
in the Construction industry
Industry Median: 75.21 vs OSL:AFG: 125.91

AF Gruppen ASA's Days Payable declined from Mar. 2023 (111.21) to Mar. 2024 (105.30). It may suggest that AF Gruppen ASA accelerated paying its suppliers.

AF Gruppen ASA Days Payable Historical Data

The historical data trend for AF Gruppen 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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AF Gruppen ASA Days Payable Chart

AF Gruppen ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.63

64.28

62.22

62.71

72.93

AF Gruppen 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															111.21	132.12	155.89	102.69	105.30

Competitive Comparison of AF Gruppen ASA's Days Payable

For the Engineering & Construction subindustry, AF Gruppen 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.

AF Gruppen ASA's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, AF Gruppen ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where AF Gruppen ASA's Days Payable falls into.

AF Gruppen 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.

AF Gruppen 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
=	( (4172	+	4182)	/	2 )	/	20905	*	365
=	4177					/	20905	*	365
=	72.93

AF Gruppen 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
=	( (4182	+	6947)	/	2 )	/	4822	*	365 / 4
=	5564.5					/	4822	*	365 / 4
=	105.30

AF Gruppen ASA Days Payable Related Terms

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AF Gruppen ASA (OSL:AFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AF Gruppen ASA (OSL:AFG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AGRUF:USA AFGO:Sweden AF8:Germany

Address

Innspurten 15, P.O. box 6272, Oslo, NOR, 0663

Website

https://www.afgruppen.com

AF Gruppen ASA A is one of Norway's leading contracting and industrial groups. It provides civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants. AF Gruppen's customers are primarily public agencies and private companies.