Goodtech ASA (OSL:GOD) Days Payable : 54.68 (As of Sep. 2024)

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What is Goodtech ASA Days Payable?

Goodtech ASA's average Accounts Payable for the three months ended in Sep. 2024 was kr24.8 Mil. Goodtech ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was kr41.3 Mil. Hence, Goodtech ASA's Days Payable for the three months ended in Sep. 2024 was 54.68.

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

OSL:GOD' s Days Payable Range Over the Past 10 Years
Min: 34.99 Med: 75.06 Max: 251.68
Current: 60.8

During the past 13 years, Goodtech ASA's highest Days Payable was 251.68. The lowest was 34.99. And the median was 75.06.

OSL:GOD's Days Payable is ranked worse than
61.41% of 1656 companies
in the Construction industry
Industry Median: 75.77 vs OSL:GOD: 60.80

Goodtech ASA's Days Payable increased from Sep. 2023 (37.74) to Sep. 2024 (54.68). It may suggest that Goodtech ASA delayed paying its suppliers.

Goodtech ASA Days Payable Historical Data

The historical data trend for Goodtech 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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Goodtech ASA Days Payable Chart

Goodtech ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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82.55

34.99

67.56

91.91

60.90

Goodtech ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															37.74	67.42	67.49	66.78	54.68

Competitive Comparison of Goodtech ASA's Days Payable

For the Engineering & Construction subindustry, Goodtech 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.

Goodtech ASA's Days Payable Distribution in the Construction Industry

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

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

Goodtech 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.

Goodtech 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
=	( (38.1	+	78.6)	/	2 )	/	349.7	*	365
=	58.35					/	349.7	*	365
=	60.90

Goodtech ASA's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (37.5	+	12)	/	2 )	/	41.3	*	365 / 4
=	24.75					/	41.3	*	365 / 4
=	54.68

Goodtech ASA Days Payable Related Terms

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Goodtech ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Goodtech ASA (OSL:GOD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6FO:Germany

Address

Innspurten 15, Oslo, NOR, 0663

Website

http://www.goodtech.no

Goodtech ASA provides technical solutions in the field of electric, power technology and infrastructure. It also supplies automation products and streamlining solutions worldwide.

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