Volue ASA (OSL:VOLUE) Days Payable : 250.34 (As of Mar. 2024)

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What is Volue ASA Days Payable?

Volue ASA's average Accounts Payable for the three months ended in Mar. 2024 was kr168 Mil. Volue ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr61 Mil. Hence, Volue ASA's Days Payable for the three months ended in Mar. 2024 was 250.34.

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

OSL:VOLUE' s Days Payable Range Over the Past 10 Years
Min: 53.5 Med: 254.9 Max: 509.86
Current: 53.5

During the past 6 years, Volue ASA's highest Days Payable was 509.86. The lowest was 53.50. And the median was 254.90.

OSL:VOLUE's Days Payable is ranked better than
51.74% of 2524 companies
in the Software industry
Industry Median: 49.575 vs OSL:VOLUE: 53.50

Volue ASA's Days Payable declined from Mar. 2023 (461.41) to Mar. 2024 (250.34). It may suggest that Volue ASA accelerated paying its suppliers.

Volue ASA Days Payable Historical Data

The historical data trend for Volue 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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Volue ASA Days Payable Chart

Volue ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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275.84

233.95

509.86

178.39

136.14

Volue ASA Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														461.41	185.02	166.65	21.59	250.34

Competitive Comparison of Volue ASA's Days Payable

For the Software - Application subindustry, Volue 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.

Volue ASA's Days Payable Distribution in the Software Industry

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

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

Volue 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.

Volue 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
=	( (397.362	+	248.214)	/	2 )	/	865.444	*	365
=	322.788					/	865.444	*	365
=	136.14

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

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (248.214	+	87.185)	/	2 )	/	61.126	*	365 / 4
=	167.6995					/	61.126	*	365 / 4
=	250.34

Volue ASA Days Payable Related Terms

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Volue ASA (OSL:VOLUE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

VOLUEo:Sweden 642:Germany

Address

Christian Krohgs gate 16, Postboks 9008, Oslo, NOR, NO-0186

Website

https://www.volue.com

Volue ASA is engaged in investing in its own and managing companies and carrying out its business activities within IT and other software services. The company operates in three segments: Energy, Power Grid, and Infrastructure. The Energy segment delivers solutions that help customers master the energy transition by enabling wall-to-wall digitalization of the green energy value chain. The Power Grid segment enables power distributors to support the electrification of society by unlocking flexibility and digital management of the power grid. Some of its product categories are Water & Community software, Optimization and Trading Software, and Construction Software. The majority of the company's revenue comes from the Energy segment.

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