GARO AB (OSTO:GARO) Days Payable : 87.22 (As of Dec. 2024)

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What is GARO AB Days Payable?

GARO AB's average Accounts Payable for the three months ended in Dec. 2024 was kr137 Mil. GARO AB's Cost of Goods Sold for the three months ended in Dec. 2024 was kr144 Mil. Hence, GARO AB's Days Payable for the three months ended in Dec. 2024 was 87.22.

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

OSTO:GARO' s Days Payable Range Over the Past 10 Years
Min: 65.87 Med: 80.59 Max: 89.46
Current: 83.19

During the past 12 years, GARO AB's highest Days Payable was 89.46. The lowest was 65.87. And the median was 80.59.

OSTO:GARO's Days Payable is ranked better than
54.2% of 2943 companies
in the Industrial Products industry
Industry Median: 76.23 vs OSTO:GARO: 83.19

GARO AB's Days Payable declined from Dec. 2023 (89.98) to Dec. 2024 (87.22). It may suggest that GARO AB accelerated paying its suppliers.

GARO AB Days Payable Historical Data

The historical data trend for GARO 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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GARO AB Days Payable Chart

GARO AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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84.61

82.09

89.46

89.25

84.51

GARO AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															89.98	90.94	81.60	74.00	87.22

Competitive Comparison of GARO AB's Days Payable

For the Electrical Equipment & Parts subindustry, GARO 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.

GARO AB's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, GARO AB's Days Payable distribution charts can be found below:

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

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GARO 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.

GARO AB's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (183.3	+	127.2)	/	2 )	/	670.5	*	365
=	155.25					/	670.5	*	365
=	84.51

GARO AB's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (147.5	+	127.2)	/	2 )	/	143.7	*	365 / 4
=	137.35					/	143.7	*	365 / 4
=	87.22

GARO AB Days Payable Related Terms

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GARO AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GARO AB (OSTO:GARO) » Definitions » Days Payable

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Traded in Other Exchanges

0REY:UK

Address

Sodergatan 26, Box 203, Gnosjo, SWE, SE-335 33

Website

https://www.garo.se

GARO AB develops, manufactures, and supplies products and systems for the electrical installations industry under its own brand. The company has operations in Sweden, Norway, Ireland, Finland, UK. and other countries. It is organized into two business segments: GARO Electrification and GARO E-mobility. GARO has a broad product assortment and is a market leader within several product areas. The majority of its revenue comes from the GARO Electrification segment. The operations in the GARO Electrification segment (BA) comprise the Electrical distribution products, Project business, and Temporary Power product areas. The GARO E-mobility segment (BA) includes only the E-mobility product area. In addition to trading operations, it also includes in-house production at two facilities.

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