Mips AB (OSTO:MIPS) Days Payable : 104.03 (As of Mar. 2024)

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What is Mips AB Days Payable?

Mips AB's average Accounts Payable for the three months ended in Mar. 2024 was kr28.5 Mil. Mips AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr25.0 Mil. Hence, Mips AB's Days Payable for the three months ended in Mar. 2024 was 104.03.

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

OSTO:MIPS' s Days Payable Range Over the Past 10 Years
Min: 59.17 Med: 111.38 Max: 120.22
Current: 102.9

During the past 11 years, Mips AB's highest Days Payable was 120.22. The lowest was 59.17. And the median was 111.38.

OSTO:MIPS's Days Payable is ranked better than
65.79% of 757 companies
in the Travel & Leisure industry
Industry Median: 59.8 vs OSTO:MIPS: 102.90

Mips AB's Days Payable declined from Mar. 2023 (105.29) to Mar. 2024 (104.03). It may suggest that Mips AB accelerated paying its suppliers.

Mips AB Days Payable Historical Data

The historical data trend for Mips 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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Mips AB Days Payable Chart

Mips AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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120.22

107.68

115.32

115.08

103.53

Mips 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															105.29	92.72	130.36	94.51	104.03

Competitive Comparison of Mips AB's Days Payable

For the Leisure subindustry, Mips 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.

Mips AB's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mips AB's Days Payable distribution charts can be found below:

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

Mips 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.

Mips 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
=	( (29	+	30)	/	2 )	/	104	*	365
=	29.5					/	104	*	365
=	103.53

Mips 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
=	( (30	+	27)	/	2 )	/	25	*	365 / 4
=	28.5					/	25	*	365 / 4
=	104.03

Mips AB Days Payable Related Terms

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Mips AB (OSTO:MIPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mips AB (OSTO:MIPS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MIPSs:UK 0RNQ:UK 7M1:Germany

Address

Kemistvagen 1B, Taby, Stockholm, SWE, SE-183 79

Website

https://www.mipscorp.com

MIPS AB manufactures and sells helmet-based safety and brain protection products in Sweden. The company sells MIPS Brain Protection System for helmet solutions in the consumer market such as bicycles, winter sports, motorcycles, horse riding, team sports, and others; and in commercial markets such as military, police, and rescue services.

Mips AB (OSTO:MIPS) Headlines

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