Cinis Fertilizer AB (OSTO:CINIS) Days Payable : 73,912.50 (As of Mar. 2024)

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What is Cinis Fertilizer AB Days Payable?

Cinis Fertilizer AB's average Accounts Payable for the three months ended in Mar. 2024 was kr81.00 Mil. Cinis Fertilizer AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.10 Mil. Hence, Cinis Fertilizer AB's Days Payable for the three months ended in Mar. 2024 was 73,912.50.

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

OSTO:CINIS' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 264771
Current: 264771

During the past 5 years, Cinis Fertilizer AB's highest Days Payable was 264771.00. The lowest was 0.00. And the median was 0.00.

OSTO:CINIS's Days Payable is ranked better than
99.58% of 236 companies
in the Agriculture industry
Industry Median: 75.02 vs OSTO:CINIS: 264771.00

Cinis Fertilizer AB's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (73,912.50). It may suggest that Cinis Fertilizer AB delayed paying its suppliers.

Cinis Fertilizer AB Days Payable Historical Data

The historical data trend for Cinis Fertilizer 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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Cinis Fertilizer AB Days Payable Chart

Cinis Fertilizer AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Cinis Fertilizer AB Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								-	-	-	-	73,912.50

Competitive Comparison of Cinis Fertilizer AB's Days Payable

For the Agricultural Inputs subindustry, Cinis Fertilizer 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.

Cinis Fertilizer AB's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Cinis Fertilizer AB's Days Payable distribution charts can be found below:

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

Cinis Fertilizer 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.

Cinis Fertilizer 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
=	( (23.3	+	73.8)	/	2 )	/	0	*	365
=	48.55					/	0	*	365
=	N/A

Cinis Fertilizer 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
=	( (73.8	+	88.2)	/	2 )	/	0.1	*	365 / 4
=	81					/	0.1	*	365 / 4
=	73,912.50

Cinis Fertilizer AB Days Payable Related Terms

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Cinis Fertilizer AB (OSTO:CINIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Cinis Fertilizer AB (OSTO:CINIS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9HJ:Germany

Address

Strandgatan 21, Ornskoldsvik, SWE, 891 33

Website

https://www.cinis-fertilizer.com

Cinis Fertilizer AB is a green tech company aiming to produce the world's most environmentally friendly mineral fertilizer, potassium sulphate, by recycling industrial waste products from the pulp & paper industry as well as the car battery manufacturing industry. The patent protected technology will use half as much energy as today's production methods and the result is a fossil-free fertilizer with a close to zero carbon footprint, a unique and circular contribution enabling sustainable agriculture.

Cinis Fertilizer AB (OSTO:CINIS) Headlines

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