Litium AB (OSTO:LITI) Days Payable : 122.55 (As of Mar. 2024)

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What is Litium AB Days Payable?

Litium AB's average Accounts Payable for the three months ended in Mar. 2024 was kr6.93 Mil. Litium AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr5.16 Mil. Hence, Litium AB's Days Payable for the three months ended in Mar. 2024 was 122.55.

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

OSTO:LITI' s Days Payable Range Over the Past 10 Years
Min: 45.96 Med: 79.95 Max: 114.44
Current: 111.17

During the past 9 years, Litium AB's highest Days Payable was 114.44. The lowest was 45.96. And the median was 79.95.

OSTO:LITI's Days Payable is ranked better than
72.19% of 2524 companies
in the Software industry
Industry Median: 49.575 vs OSTO:LITI: 111.17

Litium AB's Days Payable increased from Mar. 2023 (118.79) to Mar. 2024 (122.55). It may suggest that Litium AB delayed paying its suppliers.

Litium AB Days Payable Historical Data

The historical data trend for Litium 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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Litium AB Days Payable Chart

Litium AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.62

102.21

93.99

103.22

114.44

Litium 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															118.79	101.59	116.74	92.95	122.55

Competitive Comparison of Litium AB's Days Payable

For the Software - Application subindustry, Litium 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.

Litium AB's Days Payable Distribution in the Software Industry

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

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

Litium 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.

Litium 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
=	( (9.061	+	5.168)	/	2 )	/	22.691	*	365
=	7.1145					/	22.691	*	365
=	114.44

Litium 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
=	( (5.168	+	8.687)	/	2 )	/	5.158	*	365 / 4
=	6.9275					/	5.158	*	365 / 4
=	122.55

Litium AB Days Payable Related Terms

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Litium AB (OSTO:LITI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Litium AB (OSTO:LITI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5TW:Germany

Address

Fleminggatan 85, 1Tr, Stockholm, SWE, 112 45

Website

https://www.litium.com

Litium AB develops, sells and delivers products and cloud services that help companies accelerate sales and strengthen customer relationships online. The company provides a solution to industries such as B2B, retail and E-Tailer.

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