Kitron ASA (OSL:KIT) Days Payable : 114.11 (As of Dec. 2023)

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What is Kitron ASA Days Payable?

Kitron ASA's average Accounts Payable for the three months ended in Dec. 2023 was kr1,938 Mil. Kitron ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1,550 Mil. Hence, Kitron ASA's Days Payable for the three months ended in Dec. 2023 was 114.11.

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

OSL:KIT' s Days Payable Range Over the Past 10 Years
Min: 67.54 Med: 86.93 Max: 123.85
Current: 123.85

During the past 13 years, Kitron ASA's highest Days Payable was 123.85. The lowest was 67.54. And the median was 86.93.

OSL:KIT's Days Payable is ranked better than
78.83% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs OSL:KIT: 123.85

Kitron ASA's Days Payable declined from Dec. 2022 (129.05) to Dec. 2023 (114.11). It may suggest that Kitron ASA accelerated paying its suppliers.

Kitron ASA Days Payable Historical Data

The historical data trend for Kitron 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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Kitron ASA Days Payable Chart

Kitron ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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89.72

84.14

120.33

95.07

92.09

Kitron ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															129.05	121.93	136.81	155.47	114.11

Competitive Comparison of Kitron ASA's Days Payable

For the Electronic Components subindustry, Kitron 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.

Kitron ASA's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kitron ASA's Days Payable distribution charts can be found below:

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

Kitron 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.

Kitron 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
=	( (1463.176	+	1603.693)	/	2 )	/	6077.697	*	365
=	1533.4345					/	6077.697	*	365
=	92.09

Kitron ASA'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2271.988	+	1603.693)	/	2 )	/	1549.623	*	365 / 4
=	1937.8405					/	1549.623	*	365 / 4
=	114.11

Kitron ASA Days Payable Related Terms

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Kitron ASA (OSL:KIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kitron ASA (OSL:KIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KITO:Sweden KP5:Germany

Address

Olav Brunborgs vei 4, Billingstad, NOR, 1396

Website

https://www.kitron.com

Kitron ASA is an electronics manufacturing service company. It manufactures products that are embedded in the customers' own products and box-built electronic products. The company provides a high-level assembly of complex electromechanical products and also provides various other services within development, industrialization, supply chain management, logistics, and aftermarket services. The company has manufacturing facilities in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, and the United States. It serves Defense/Aerospace, Energy/Telecoms, Industry, Medical Devices, and Offshore/Marine markets. The company operates in a single segment Electronics Manufacturing Services from which it earns the majority of its revenues.

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