Modelon AB (OSTO:MODEL B) Days Payable : 20.81 (As of Jun. 2024)

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What is Modelon AB Days Payable?

Modelon AB's average Accounts Payable for the three months ended in Jun. 2024 was kr5.70 Mil. Modelon AB's Cost of Goods Sold for the three months ended in Jun. 2024 was kr25.00 Mil. Hence, Modelon AB's Days Payable for the three months ended in Jun. 2024 was 20.81.

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

OSTO:MODEL B' s Days Payable Range Over the Past 10 Years
Min: 24.75 Med: 30.34 Max: 71.06
Current: 71.06

During the past 5 years, Modelon AB's highest Days Payable was 71.06. The lowest was 24.75. And the median was 30.34.

OSTO:MODEL B's Days Payable is ranked better than
60.88% of 2554 companies
in the Software industry
Industry Median: 49.265 vs OSTO:MODEL B: 71.06

Modelon AB's Days Payable declined from Jun. 2023 (137.93) to Jun. 2024 (20.81). It may suggest that Modelon AB accelerated paying its suppliers.

Modelon AB Days Payable Historical Data

The historical data trend for Modelon 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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Modelon AB Days Payable Chart

Modelon AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

24.75

28.27

30.34

40.10

44.78

Modelon AB Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial													137.93	153.12	84.69	32.00	20.81

Competitive Comparison of Modelon AB's Days Payable

For the Software - Application subindustry, Modelon 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.

Modelon AB's Days Payable Distribution in the Software Industry

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

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

Modelon 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.

Modelon 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
=	( (11.911	+	9.258)	/	2 )	/	86.266	*	365
=	10.5845					/	86.266	*	365
=	44.78

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

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (5.4	+	6)	/	2 )	/	25	*	365 / 4
=	5.7					/	25	*	365 / 4
=	20.81

Modelon AB Days Payable Related Terms

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Modelon AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Modelon AB (OSTO:MODEL B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

3VM1:Germany

Address

Scheelevagen 17, Ideon Science Park, Lund, SWE, SE-223 70

Website

https://www.modelon.com

Modelon AB offers systems modeling and simulation software that accelerates product innovation, development, and operations in a range of industries. The company's flagship product, Modelon Impact, is a cloud-native system simulation software platform featuring a collaborative browser-based interface and thousands of models and components spanning a broad range of applications.

Modelon AB Headlines

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