Nordic LEVEL Group AB (OSTO:LEVEL) Days Payable : 63.99 (As of Dec. 2023)

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What is Nordic LEVEL Group AB Days Payable?

Nordic LEVEL Group AB's average Accounts Payable for the three months ended in Dec. 2023 was kr33.0 Mil. Nordic LEVEL Group AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr47.0 Mil. Hence, Nordic LEVEL Group AB's Days Payable for the three months ended in Dec. 2023 was 63.99.

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

OSTO:LEVEL' s Days Payable Range Over the Past 10 Years
Min: 61.07 Med: 80.58 Max: 107.74
Current: 72.04

During the past 13 years, Nordic LEVEL Group AB's highest Days Payable was 107.74. The lowest was 61.07. And the median was 80.58.

OSTO:LEVEL's Days Payable is ranked better than
65.15% of 924 companies
in the Business Services industry
Industry Median: 47.92 vs OSTO:LEVEL: 72.04

Nordic LEVEL Group AB's Days Payable declined from Dec. 2022 (121.15) to Dec. 2023 (63.99). It may suggest that Nordic LEVEL Group AB accelerated paying its suppliers.

Nordic LEVEL Group AB Days Payable Historical Data

The historical data trend for Nordic LEVEL 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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Nordic LEVEL Group AB Days Payable Chart

Nordic LEVEL Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.64

88.83

81.74

79.42

79.13

Nordic LEVEL Group AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															121.15	84.86	55.23	85.70	63.99

Competitive Comparison of Nordic LEVEL Group AB's Days Payable

For the Security & Protection Services subindustry, Nordic LEVEL 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.

Nordic LEVEL Group AB's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Nordic LEVEL Group AB's Days Payable distribution charts can be found below:

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

Nordic LEVEL 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.

Nordic LEVEL 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
=	( (46.695	+	35.237)	/	2 )	/	188.974	*	365
=	40.966					/	188.974	*	365
=	79.13

Nordic LEVEL Group AB's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (30.746	+	35.237)	/	2 )	/	47.044	*	365 / 4
=	32.9915					/	47.044	*	365 / 4
=	63.99

Nordic LEVEL Group AB Days Payable Related Terms

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Nordic LEVEL Group AB (OSTO:LEVEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nordic LEVEL Group AB (OSTO:LEVEL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Esplanaden 3 B, Sundbyberg, SWE, 172 67

Website

https://www.nordiclevelgroup.com

Nordic LEVEL Group AB is an acquisition-driven group that acquires and develops companies in the security sector. The group is a full-service provider of trusted safety and security solutions, and the business is conducted through the group's subsidiaries in the Nordic market. LEVEL operates in three core areas: advisory, technology and operations. The company focus is to decrease societal costs by increasing both physical and perceived security for clients as well as allowing for law enforcement to focus on their primary societal responsibilities.

Nordic LEVEL Group AB (OSTO:LEVEL) Headlines

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