Enea AB (OSTO:ENEA) Days Payable : 26.14 (As of Mar. 2024)

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What is Enea AB Days Payable?

Enea AB's average Accounts Payable for the three months ended in Mar. 2024 was kr13.7 Mil. Enea AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr48.0 Mil. Hence, Enea AB's Days Payable for the three months ended in Mar. 2024 was 26.14.

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

OSTO:ENEA' s Days Payable Range Over the Past 10 Years
Min: 11.24 Med: 27.51 Max: 50.03
Current: 30.35

During the past 13 years, Enea AB's highest Days Payable was 50.03. The lowest was 11.24. And the median was 27.51.

OSTO:ENEA's Days Payable is ranked worse than
66.85% of 2531 companies
in the Software industry
Industry Median: 50.16 vs OSTO:ENEA: 30.35

Enea AB's Days Payable declined from Mar. 2023 (38.79) to Mar. 2024 (26.14). It may suggest that Enea AB accelerated paying its suppliers.

Enea AB Days Payable Historical Data

The historical data trend for Enea 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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Enea AB Days Payable Chart

Enea AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.38

20.32

50.03

39.38

29.97

Enea 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															38.79	-	-	24.66	26.14

Competitive Comparison of Enea AB's Days Payable

For the Software - Infrastructure subindustry, Enea 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.

Enea AB's Days Payable Distribution in the Software Industry

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

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

Enea 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.

Enea 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
=	( (21.552	+	13.749)	/	2 )	/	214.983	*	365
=	17.6505					/	214.983	*	365
=	29.97

Enea 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
=	( (13.749	+	0)	/	1 )	/	48	*	365 / 4
=	13.749					/	48	*	365 / 4
=	26.14

Enea AB Days Payable Related Terms

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Enea AB (OSTO:ENEA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

0RP6:UK

Address

Kista, P.O Box 1033, Stockholm, SWE, SE-164 21

Website

https://www.enea.com

Enea AB is a supplier of advance software components for telecommunications and cybersecurity. The firm's focus areas are cloud-native, 5G-ready products for the mobile core, network virtualization, and traffic intelligence. More than 4.5 billion people rely on Enea technologies in their daily lives when they use mobile phones and connect to the internet. Enea also has a global services organization that develops software on assignments from customers that have operations in industries with strict requirements on performance and reliability. The company earns revenue by rendering services like Licensesing service, Support & maintenance services and Professional services. Geographical presence in Sweden, America, EMEA and Asia.

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