Freja eID Group AB (OSTO:FREJA) Days Payable : 51.26 (As of Mar. 2024)

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What is Freja eID Group AB Days Payable?

Freja eID Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr5.36 Mil. Freja eID Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr9.54 Mil. Hence, Freja eID Group AB's Days Payable for the three months ended in Mar. 2024 was 51.26.

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

OSTO:FREJA' s Days Payable Range Over the Past 10 Years
Min: 46.9 Med: 57.31 Max: 72.04
Current: 65.86

During the past 12 years, Freja eID Group AB's highest Days Payable was 72.04. The lowest was 46.90. And the median was 57.31.

OSTO:FREJA's Days Payable is ranked better than
57.44% of 2535 companies
in the Software industry
Industry Median: 49.81 vs OSTO:FREJA: 65.86

Freja eID Group AB's Days Payable declined from Mar. 2023 (71.41) to Mar. 2024 (51.26). It may suggest that Freja eID Group AB accelerated paying its suppliers.

Freja eID Group AB Days Payable Historical Data

The historical data trend for Freja eID Group 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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Freja eID Group AB Days Payable Chart

Freja eID Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.04

69.13

52.16

57.73

49.43

Freja eID Group 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															71.41	87.53	54.54	78.94	51.26

Competitive Comparison of Freja eID Group AB's Days Payable

For the Software - Infrastructure subindustry, Freja eID Group 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.

Freja eID Group AB's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Freja eID Group AB's Days Payable falls into.

Freja eID Group 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.

Freja eID Group 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
=	( (3.727	+	5.935)	/	2 )	/	35.673	*	365
=	4.831					/	35.673	*	365
=	49.43

Freja eID Group 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
=	( (5.935	+	4.779)	/	2 )	/	9.536	*	365 / 4
=	5.357					/	9.536	*	365 / 4
=	51.26

Freja eID Group AB Days Payable Related Terms

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Freja eID Group AB (OSTO:FREJA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Freja eID Group AB (OSTO:FREJA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vasagatan 40, Box 3328, Stockholm, SWE, 103 66

Website

https://www.frejaeid.com

Freja eID Group AB is a Swedish tech company. The company offers an ID platform that gives the user control over their digital identity and data. Through the platform, the user can interact with companies and authorities but also with private individuals. The functions include e-identification, electronic signatures, sign-up, check-out, physical identification, and e-service identification. Its business is based on the Swedish market and the platform is built for international scalability.

Freja eID Group AB (OSTO:FREJA) Headlines

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