IDEX Biometrics ASA (OSL:IDEX) Days Payable : 80.27 (As of Jun. 2023)

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What is IDEX Biometrics ASA Days Payable?

IDEX Biometrics ASA's average Accounts Payable for the three months ended in Jun. 2023 was kr10.87 Mil. IDEX Biometrics ASA's Cost of Goods Sold for the three months ended in Jun. 2023 was kr12.36 Mil. Hence, IDEX Biometrics ASA's Days Payable for the three months ended in Jun. 2023 was 80.27.

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

OSL:IDEX' s Days Payable Range Over the Past 10 Years
Min: 96.84 Med: 467.12 Max: 5970.94
Current: 96.84

During the past 13 years, IDEX Biometrics ASA's highest Days Payable was 5970.94. The lowest was 96.84. And the median was 467.12.

OSL:IDEX's Days Payable is ranked better than
68.58% of 2524 companies
in the Software industry
Industry Median: 50.7 vs OSL:IDEX: 96.84

IDEX Biometrics ASA's Days Payable increased from Jun. 2022 (58.63) to Jun. 2023 (80.27). It may suggest that IDEX Biometrics ASA delayed paying its suppliers.

IDEX Biometrics ASA Days Payable Historical Data

The historical data trend for IDEX Biometrics 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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IDEX Biometrics ASA Days Payable Chart

IDEX Biometrics ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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933.77

3,019.90

737.32

188.72

121.66

IDEX Biometrics ASA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															58.63	68.99	143.37	124.51	80.27

Competitive Comparison of IDEX Biometrics ASA's Days Payable

For the Software - Application subindustry, IDEX Biometrics 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.

IDEX Biometrics ASA's Days Payable Distribution in the Software Industry

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

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

IDEX Biometrics 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.

IDEX Biometrics ASA's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (6.152	+	15.215)	/	2 )	/	32.051	*	365
=	10.6835					/	32.051	*	365
=	121.66

IDEX Biometrics ASA's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (11.027	+	10.721)	/	2 )	/	12.362	*	365 / 4
=	10.874					/	12.362	*	365 / 4
=	80.27

IDEX Biometrics ASA Days Payable Related Terms

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IDEX Biometrics ASA (OSL:IDEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IDEX Biometrics ASA (OSL:IDEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IDXAD:USA IDEXO:Sweden I8X0:Germany

Address

Dronning Eufemias gate 16, Fornebu, Oslo, NOR, NO?0191

Website

https://www.idexbiometrics.com

IDEX Biometrics ASA is a fingerprint imaging, recognition, and authentication technology company. It is engaged in developing and commercializing fingerprint authentication solutions optimized for use in smart cards, based on patented and proprietary sensor technologies, integrated circuit designs, and specialized firmware and software. IDEX provides hardware and software fingerprint solutions suitable for embedding into products to strengthen security and enhance user-friendliness products. Its product portfolio includes Biometric fingerprint sensors, Biometrics fingerprint modules, Enrollment solutions, and others. The company operates in Europe, the Middle East, and Africa, America, and Asia.