Ayfie Group AS (OSL:AYFIE) Days Payable : 1,491.75 (As of Dec. 2023)

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What is Ayfie Group AS Days Payable?

Ayfie Group AS's average Accounts Payable for the six months ended in Dec. 2023 was kr2.98 Mil. Ayfie Group AS's Cost of Goods Sold for the six months ended in Dec. 2023 was kr0.37 Mil. Hence, Ayfie Group AS's Days Payable for the six months ended in Dec. 2023 was 1,491.75.

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

OSL:AYFIE' s Days Payable Range Over the Past 10 Years
Min: 384.91 Med: 628.17 Max: 1696.13
Current: 1448.03

During the past 7 years, Ayfie Group AS's highest Days Payable was 1696.13. The lowest was 384.91. And the median was 628.17.

OSL:AYFIE's Days Payable is ranked better than
96.72% of 2529 companies
in the Software industry
Industry Median: 49.65 vs OSL:AYFIE: 1448.03

Ayfie Group AS's Days Payable increased from Dec. 2022 (875.87) to Dec. 2023 (1,491.75). It may suggest that Ayfie Group AS delayed paying its suppliers.

Ayfie Group AS Days Payable Historical Data

The historical data trend for Ayfie Group 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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Ayfie Group AS Days Payable Chart

Ayfie Group AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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623.16

596.01

384.91

633.17

1,696.13

Ayfie Group AS Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						631.97	440.80	875.87	1,165.74	1,491.75

Competitive Comparison of Ayfie Group AS's Days Payable

For the Software - Application subindustry, Ayfie Group 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.

Ayfie Group AS's Days Payable Distribution in the Software Industry

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

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

Ayfie Group 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.

Ayfie Group 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
=	( (2.983	+	4.006)	/	2 )	/	0.752	*	365
=	3.4945					/	0.752	*	365
=	1,696.13

Ayfie Group 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.961	+	4.006)	/	2 )	/	0.365	*	365 / 2
=	2.9835					/	0.365	*	365 / 2
=	1,491.75

Ayfie Group AS Days Payable Related Terms

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Ayfie Group AS (OSL:AYFIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ayfie Group AS (OSL:AYFIE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karenslyst Alle 10, Oslo, NOR, 0278

Website

https://www.ayfie.com

Ayfie Group AS is a search company offering intelligent knowledge discovery products and search solutions. The firm is a software company specializing in text analytics and smart research based on natural language processing and machine learning. Its core products are ayfie Inspector and ayfie Locator which is used in the legal, financial, corporate, and compliance markets. The company generates a majority of its revenue from subscriptions and geographically, it generates from Norway.

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