Matvareexpressen AS (OSL:MVE) Days Payable : 48.86 (As of Sep. 2024)

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What is Matvareexpressen AS Days Payable?

Matvareexpressen AS's average Accounts Payable for the three months ended in Sep. 2024 was kr34.5 Mil. Matvareexpressen AS's Cost of Goods Sold for the three months ended in Sep. 2024 was kr64.4 Mil. Hence, Matvareexpressen AS's Days Payable for the three months ended in Sep. 2024 was 48.86.

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

OSL:MVE' s Days Payable Range Over the Past 10 Years
Min: 27.06 Med: 28.79 Max: 41.06
Current: 41.06

During the past 3 years, Matvareexpressen AS's highest Days Payable was 41.06. The lowest was 27.06. And the median was 28.79.

OSL:MVE's Days Payable is ranked worse than
62.29% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 52.82 vs OSL:MVE: 41.06

Matvareexpressen AS's Days Payable increased from Sep. 2023 (48.16) to Sep. 2024 (48.86). It may suggest that Matvareexpressen AS delayed paying its suppliers.

Matvareexpressen AS Days Payable Historical Data

The historical data trend for Matvareexpressen 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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Matvareexpressen AS Days Payable Chart

Matvareexpressen AS Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

28.79

27.06

30.58

Matvareexpressen AS Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial						48.16	34.78	36.45	41.12	48.86

Competitive Comparison of Matvareexpressen AS's Days Payable

For the Internet Retail subindustry, Matvareexpressen 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.

Matvareexpressen AS's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Matvareexpressen AS's Days Payable distribution charts can be found below:

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

Matvareexpressen 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.

Matvareexpressen 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
=	( (16.808	+	22.083)	/	2 )	/	232.117	*	365
=	19.4455					/	232.117	*	365
=	30.58

Matvareexpressen AS'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
=	( (31.557	+	37.392)	/	2 )	/	64.381	*	365 / 4
=	34.4745					/	64.381	*	365 / 4
=	48.86

Matvareexpressen AS Days Payable Related Terms

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Matvareexpressen AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Matvareexpressen AS (OSL:MVE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Spannavegen 152, Haugesund, NOR, 5535

Website

https://ny.mve.no

Matvareexpressen AS is a leading technology enterprise within the online grocery industry. It has positioned itself as a comprehensive supplier, offering a wide range of groceries and food delivery services. It is a one-stop shop for kindergartens, schools, nursery homes, canteens and similar professional buyers.

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