Fortnox AB (OSTO:FNOX) Days Payable : 24.09 (As of Mar. 2024)

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What is Fortnox AB Days Payable?

Fortnox AB's average Accounts Payable for the three months ended in Mar. 2024 was kr47 Mil. Fortnox AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr178 Mil. Hence, Fortnox AB's Days Payable for the three months ended in Mar. 2024 was 24.09.

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

OSTO:FNOX' s Days Payable Range Over the Past 10 Years
Min: 19.07 Med: 23.1 Max: 27.98
Current: 20.82

During the past 13 years, Fortnox AB's highest Days Payable was 27.98. The lowest was 19.07. And the median was 23.10.

OSTO:FNOX's Days Payable is ranked worse than
78.09% of 2524 companies
in the Software industry
Industry Median: 49.575 vs OSTO:FNOX: 20.82

Fortnox AB's Days Payable increased from Mar. 2023 (16.59) to Mar. 2024 (24.09). It may suggest that Fortnox AB delayed paying its suppliers.

Fortnox AB Days Payable Historical Data

The historical data trend for Fortnox 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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Fortnox AB Days Payable Chart

Fortnox AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.21

21.98

19.59

19.07

21.97

Fortnox 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															16.59	14.33	20.31	23.38	24.09

Competitive Comparison of Fortnox AB's Days Payable

For the Software - Application subindustry, Fortnox 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.

Fortnox AB's Days Payable Distribution in the Software Industry

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

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

Fortnox 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.

Fortnox 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
=	( (27	+	45)	/	2 )	/	598	*	365
=	36					/	598	*	365
=	21.97

Fortnox 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
=	( (45	+	49)	/	2 )	/	178	*	365 / 4
=	47					/	178	*	365 / 4
=	24.09

Fortnox AB Days Payable Related Terms

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Fortnox AB (OSTO:FNOX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FNOXs:UK 0G3T:UK 9E80:Germany

Address

Framtidsvagen Street 10A, PO Box 427, Videum Science Park, Vaxjo, SWE, 351 06

Website

https://www.fortnox.se

Fortnox AB provides internet-based business applications for accounting, invoicing, sales support, time reporting, and payroll administration. Its products are used in small businesses, associations, schools, and accounting agencies.

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