Karnell Group AB (OSTO:KARNEL B) Days Payable : 37.40 (As of Mar. 2024)

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What is Karnell Group AB Days Payable?

Karnell Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr84.8 Mil. Karnell Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr206.8 Mil. Hence, Karnell Group AB's Days Payable for the three months ended in Mar. 2024 was 37.40.

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

OSTO:KARNEL B' s Days Payable Range Over the Past 10 Years
Min: 29.17 Med: 33.48 Max: 149.61
Current: 149.61

During the past 3 years, Karnell Group AB's highest Days Payable was 149.61. The lowest was 29.17. And the median was 33.48.

OSTO:KARNEL B's Days Payable is ranked better than
65.95% of 467 companies
in the Asset Management industry
Industry Median: 73 vs OSTO:KARNEL B: 149.61

Karnell Group AB's Days Payable increased from Dec. 2021 (0.00) to Mar. 2024 (37.40). It may suggest that Karnell Group AB delayed paying its suppliers.

Karnell Group AB Days Payable Historical Data

The historical data trend for Karnell 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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Karnell Group AB Days Payable Chart

Karnell Group AB Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

55.14

33.48

29.17

Karnell Group AB Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Days Payable	-	-	34.84	-	37.40

Competitive Comparison of Karnell Group AB's Days Payable

For the Asset Management subindustry, Karnell 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.

Karnell Group AB's Days Payable Distribution in the Asset Management Industry

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

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

Karnell 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.

Karnell 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
=	( (68.918	+	79.135)	/	2 )	/	926.2	*	365
=	74.0265					/	926.2	*	365
=	29.17

Karnell 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
=	( (79.135	+	90.4)	/	2 )	/	206.8	*	365 / 4
=	84.7675					/	206.8	*	365 / 4
=	37.40

Karnell Group AB Days Payable Related Terms

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Karnell Group AB (OSTO:KARNEL B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Karnell Group AB (OSTO:KARNEL B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Riddargatan 13D, Stockholm, SWE, 114 51

Website

https://www.karnell.se

Karnell Group AB is a company that is an active owner of industrial technology companies. The Company's business concept is to use a systematic and proactive acquisition strategy to identify and invest in industrial technology companies where Karnell believes there is development potential and thus an opportunity for value creation with Karnell as a long-term owner. It consists of twelve directly owned group companies, with subsidiaries, divided into two business areas that includes Product companies and Niched manufacturers. The business area Product companies consists of companies that wholly or predominantly base their business on proprietary products, which may include various rights such as trademarks, patents, etc.

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