First Venture Sweden AB (OSTO:FIRST B) Days Payable : 84.17 (As of Mar. 2024)

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What is First Venture Sweden AB Days Payable?

First Venture Sweden AB's average Accounts Payable for the three months ended in Mar. 2024 was kr0.71 Mil. First Venture Sweden AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.77 Mil. Hence, First Venture Sweden AB's Days Payable for the three months ended in Mar. 2024 was 84.17.

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

OSTO:FIRST B' s Days Payable Range Over the Past 10 Years
Min: 21.95 Med: 46.06 Max: 53.69
Current: 36.76

During the past 5 years, First Venture Sweden AB's highest Days Payable was 53.69. The lowest was 21.95. And the median was 46.06.

OSTO:FIRST B's Days Payable is ranked worse than
70.36% of 469 companies
in the Asset Management industry
Industry Median: 74.53 vs OSTO:FIRST B: 36.76

First Venture Sweden AB's Days Payable increased from Mar. 2023 (13.44) to Mar. 2024 (84.17). It may suggest that First Venture Sweden AB delayed paying its suppliers.

First Venture Sweden AB Days Payable Historical Data

The historical data trend for First Venture Sweden 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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First Venture Sweden AB Days Payable Chart

First Venture Sweden AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

53.69

21.95

46.06

First Venture Sweden AB Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												13.44	13.65	18.46	50.86	84.17

Competitive Comparison of First Venture Sweden AB's Days Payable

For the Asset Management subindustry, First Venture Sweden 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.

First Venture Sweden AB's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Venture Sweden AB's Days Payable distribution charts can be found below:

* The bar in red indicates where First Venture Sweden AB's Days Payable falls into.

First Venture Sweden 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.

First Venture Sweden 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
=	( (0.166	+	0.936)	/	2 )	/	4.366	*	365
=	0.551					/	4.366	*	365
=	46.06

First Venture Sweden 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
=	( (0.936	+	0.49)	/	2 )	/	0.773	*	365 / 4
=	0.713					/	0.773	*	365 / 4
=	84.17

First Venture Sweden AB Days Payable Related Terms

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First Venture Sweden AB (OSTO:FIRST B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Venture Sweden AB (OSTO:FIRST B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grev Turegatan 14, Stockholm, SWE, 114 46

Website

https://www.first-venture.se

First Venture Sweden AB is a investment company with a focus on the technology, health and sustainability sectors.

First Venture Sweden AB (OSTO:FIRST B) Headlines

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