Concentric AB (OSTO:COIC) Days Payable : 45.56 (As of Mar. 2024)

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What is Concentric AB Days Payable?

Concentric AB's average Accounts Payable for the three months ended in Mar. 2024 was kr374 Mil. Concentric AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr749 Mil. Hence, Concentric AB's Days Payable for the three months ended in Mar. 2024 was 45.56.

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

OSTO:COIC' s Days Payable Range Over the Past 10 Years
Min: 43.31 Med: 46.12 Max: 57.01
Current: 46.09

During the past 13 years, Concentric AB's highest Days Payable was 57.01. The lowest was 43.31. And the median was 46.12.

OSTO:COIC's Days Payable is ranked worse than
73.74% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs OSTO:COIC: 46.09

Concentric AB's Days Payable increased from Mar. 2023 (44.41) to Mar. 2024 (45.56). It may suggest that Concentric AB delayed paying its suppliers.

Concentric AB Days Payable Historical Data

The historical data trend for Concentric 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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Concentric AB Days Payable Chart

Concentric AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.86

54.45

57.01

43.57

44.99

Concentric AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															44.41	-	-	47.01	45.56

Competitive Comparison of Concentric AB's Days Payable

For the Specialty Industrial Machinery subindustry, Concentric 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.

Concentric AB's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Concentric AB's Days Payable distribution charts can be found below:

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

Concentric 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.

Concentric 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
=	( (401	+	374)	/	2 )	/	3144	*	365
=	387.5					/	3144	*	365
=	44.99

Concentric 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
=	( (374	+	0)	/	1 )	/	749	*	365 / 4
=	374					/	749	*	365 / 4
=	45.56

Concentric AB Days Payable Related Terms

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Concentric AB (OSTO:COIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Concentric AB (OSTO:COIC) » Definitions » Days Payable

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Traded in Other Exchanges

0P4X:UK

Address

PO Box 5058, Stockholm, SWE, 102 42

Website

http://www.concentricab.com

Concentric AB is a Sweden-based company active in designing, development, and manufacturing of hydraulic and engine applications for Agriculture Machinery, Construction equipment, Trucks and Industrial applications. It offers solutions to the manufacturers of construction machinery, diesel engines and large trucks. It offers products related to fuel efficiency and reduced emissions. Its products include oil pumps, transmission pumps, coolant pumps, water pumps, compressor pumps, variable flow oil, Licos friction clutches, belt drives, gear pumps and motors, electro-hydraulic steering units, hydraulic power packs, and other products. The company has business segments in two product groups, namely engine products and hydraulic products.

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