eEducation Albert AB (OSTO:ALBERT) Days Payable : 18.90 (As of Mar. 2024)

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What is eEducation Albert AB Days Payable?

eEducation Albert AB's average Accounts Payable for the three months ended in Mar. 2024 was kr5.7 Mil. eEducation Albert AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr27.6 Mil. Hence, eEducation Albert AB's Days Payable for the three months ended in Mar. 2024 was 18.90.

The historical rank and industry rank for eEducation Albert AB's Days Payable or its related term are showing as below:

OSTO:ALBERT' s Days Payable Range Over the Past 10 Years
Min: 22.8 Med: 38.22 Max: 68.83
Current: 22.8

During the past 6 years, eEducation Albert AB's highest Days Payable was 68.83. The lowest was 22.80. And the median was 38.22.

OSTO:ALBERT's Days Payable is ranked worse than
75.55% of 2524 companies
in the Software industry
Industry Median: 49.575 vs OSTO:ALBERT: 22.80

eEducation Albert AB's Days Payable declined from Mar. 2023 (36.96) to Mar. 2024 (18.90). It may suggest that eEducation Albert AB accelerated paying its suppliers.

eEducation Albert AB Days Payable Historical Data

The historical data trend for eEducation Albert AB'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.

* Premium members only.

eEducation Albert AB Days Payable Chart

eEducation Albert AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.22

29.36

44.21

51.81

24.69

eEducation Albert AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												36.96	27.01	22.65	20.26	18.90

Competitive Comparison of eEducation Albert AB's Days Payable

For the Software - Application subindustry, eEducation Albert AB'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.

eEducation Albert AB's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, eEducation Albert AB's Days Payable distribution charts can be found below:

* The bar in red indicates where eEducation Albert AB's Days Payable falls into.

eEducation Albert AB 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.

eEducation Albert AB'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
=	( (6.819	+	5.366)	/	2 )	/	90.072	*	365
=	6.0925					/	90.072	*	365
=	24.69

eEducation Albert AB'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
=	( (5.366	+	6.052)	/	2 )	/	27.57	*	365 / 4
=	5.709					/	27.57	*	365 / 4
=	18.90

eEducation Albert AB Days Payable Related Terms

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eEducation Albert AB (OSTO:ALBERT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » eEducation Albert AB (OSTO:ALBERT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Polhemsplatsen 5 - 7, Gothenburg, SWE, 411 03

Website

https://www.hejalbert.se

eEducation Albert AB is an application-based education platform for children aged 3-16 years. The company offers digital education services on a subscription basis. The services are provided for a fixed monthly fee through apps, which are available on the Apple App Store and Google Play.

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