CodeMill AB (OSTO:CDMIL) Days Payable : 19.58 (As of Mar. 2024)

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What is CodeMill AB Days Payable?

CodeMill AB's average Accounts Payable for the three months ended in Mar. 2024 was kr2.74 Mil. CodeMill AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr12.75 Mil. Hence, CodeMill AB's Days Payable for the three months ended in Mar. 2024 was 19.58.

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

OSTO:CDMIL' s Days Payable Range Over the Past 10 Years
Min: 17.98 Med: 27.74 Max: 44.46
Current: 27.14

During the past 5 years, CodeMill AB's highest Days Payable was 44.46. The lowest was 17.98. And the median was 27.74.

OSTO:CDMIL's Days Payable is ranked worse than
70.56% of 2531 companies
in the Software industry
Industry Median: 50.13 vs OSTO:CDMIL: 27.14

CodeMill AB's Days Payable declined from Dec. 2022 (21.94) to Mar. 2024 (19.58). It may suggest that CodeMill AB accelerated paying its suppliers.

CodeMill AB Days Payable Historical Data

The historical data trend for CodeMill 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.

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CodeMill AB Days Payable Chart

CodeMill AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

44.46

39.47

27.74

25.89

17.98

CodeMill AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												21.94	19.74	22.34	20.50	19.58

Competitive Comparison of CodeMill AB's Days Payable

For the Software - Application subindustry, CodeMill 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.

CodeMill AB's Days Payable Distribution in the Software Industry

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

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

CodeMill 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.

CodeMill 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
=	( (3.002	+	2.121)	/	2 )	/	52.009	*	365
=	2.5615					/	52.009	*	365
=	17.98

CodeMill 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
=	( (2.121	+	3.35)	/	2 )	/	12.751	*	365 / 4
=	2.7355					/	12.751	*	365 / 4
=	19.58

CodeMill AB Days Payable Related Terms

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CodeMill AB (OSTO:CDMIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CodeMill AB (OSTO:CDMIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sodra Ersmarksgatan 7, Umea, SWE, 903 36

Website

https://www.codemill.se

CodeMill AB is a technology company that offers software development and technical services for video and media companies. Codemill's customers are several of the major Hollywood players including ViacomCBS, TV companies such as BBC, ITV and ProSieben.Sat1, VOD / OTT platforms such as Joyn, as well as publishers and brands such as The Guardian.

CodeMill AB (OSTO:CDMIL) Headlines

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