Fram Skandinavien AB (OSTO:FRAM B) Days Payable : 65.99 (As of Mar. 2024)

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What is Fram Skandinavien AB Days Payable?

Fram Skandinavien AB's average Accounts Payable for the three months ended in Mar. 2024 was kr2.27 Mil. Fram Skandinavien AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr3.15 Mil. Hence, Fram Skandinavien AB's Days Payable for the three months ended in Mar. 2024 was 65.99.

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

OSTO:FRAM B' s Days Payable Range Over the Past 10 Years
Min: 3.49 Med: 9.53 Max: 208.14
Current: 33.95

During the past 9 years, Fram Skandinavien AB's highest Days Payable was 208.14. The lowest was 3.49. And the median was 9.53.

OSTO:FRAM B's Days Payable is ranked worse than
63.04% of 2530 companies
in the Software industry
Industry Median: 49.765 vs OSTO:FRAM B: 33.95

Fram Skandinavien AB's Days Payable increased from Mar. 2023 (24.12) to Mar. 2024 (65.99). It may suggest that Fram Skandinavien AB delayed paying its suppliers.

Fram Skandinavien AB Days Payable Historical Data

The historical data trend for Fram Skandinavien 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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Fram Skandinavien AB Days Payable Chart

Fram Skandinavien AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3.49

3.57

9.30

9.53

18.95

Fram Skandinavien 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															24.12	31.23	38.83	12.59	65.99

Competitive Comparison of Fram Skandinavien AB's Days Payable

For the Information Technology Services subindustry, Fram Skandinavien 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.

Fram Skandinavien AB's Days Payable Distribution in the Software Industry

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

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

Fram Skandinavien 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.

Fram Skandinavien 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
=	( (2.65	+	1.819)	/	2 )	/	43.043	*	365
=	2.2345					/	43.043	*	365
=	18.95

Fram Skandinavien 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
=	( (1.819	+	2.73)	/	2 )	/	3.145	*	365 / 4
=	2.2745					/	3.145	*	365 / 4
=	65.99

Fram Skandinavien AB Days Payable Related Terms

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Fram Skandinavien AB (OSTO:FRAM B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fram Skandinavien AB (OSTO:FRAM B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Freja Ekonomi HB, Sollentuna vägen 80, Stockholm, SWE, 191 40

Website

https://www.fram.asia

Fram Skandinavien AB is an investment company. The group focuses on the digital consumer, blockchain and invests in high-growth tech companies and other digital assets in Southeast Asia. Geographically the company generates the majority of its revenue from Vietnam. The company's portfolio companies includes Carmudi, EveHR, Dragonlend, Liven, SEA, Grab, Abaxx Technology, and Bukalapak. The majority of revenue is from Carmudi.

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