CTEK AB (OSTO:CTEK) Days Payable : 60.08 (As of Dec. 2023)

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What is CTEK AB Days Payable?

CTEK AB's average Accounts Payable for the three months ended in Dec. 2023 was kr73.4 Mil. CTEK AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr111.4 Mil. Hence, CTEK AB's Days Payable for the three months ended in Dec. 2023 was 60.08.

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

OSTO:CTEK' s Days Payable Range Over the Past 10 Years
Min: 83.79 Med: 93.46 Max: 101.49
Current: 84.91

During the past 6 years, CTEK AB's highest Days Payable was 101.49. The lowest was 83.79. And the median was 93.46.

OSTO:CTEK's Days Payable is ranked better than
55.08% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs OSTO:CTEK: 84.91

CTEK AB's Days Payable declined from Dec. 2022 (110.68) to Dec. 2023 (60.08). It may suggest that CTEK AB accelerated paying its suppliers.

CTEK AB Days Payable Historical Data

The historical data trend for CTEK 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.

CTEK AB Days Payable Chart

CTEK AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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93.51

93.41

88.29

95.12

83.79

CTEK AB Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial												110.68	87.07	109.97	86.18	60.08

Competitive Comparison of CTEK AB's Days Payable

For the Electrical Equipment & Parts subindustry, CTEK 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.

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

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

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

CTEK 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.

CTEK 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
=	( (130.7	+	72.7)	/	2 )	/	443	*	365
=	101.7					/	443	*	365
=	83.79

CTEK AB's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (74	+	72.7)	/	2 )	/	111.4	*	365 / 4
=	73.35					/	111.4	*	365 / 4
=	60.08

CTEK AB Days Payable Related Terms

Thank you for viewing the detailed overview of CTEK AB's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

CTEK AB (OSTO:CTEK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

1F7:Germany

Address

Rostugnsvägen 3, Vikmanshyttan, SWE, 776 70

Website

https://www.ctekgroup.com

CTEK AB is a global supplier of 12V battery chargers for various vehicles in the premium segment and Sweden's second largest supplier of chargers and accessories for electric vehicle charging.