Netmore Group AB (OSTO:NETM B) Days Payable : 58.75 (As of Sep. 2023)

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What is Netmore Group AB Days Payable?

Netmore Group AB's average Accounts Payable for the three months ended in Sep. 2023 was kr13.77 Mil. Netmore Group AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr21.38 Mil. Hence, Netmore Group AB's Days Payable for the three months ended in Sep. 2023 was 58.75.

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

OSTO:NETM B' s Days Payable Range Over the Past 10 Years
Min: 78.28 Med: 250.27 Max: 1140.79
Current: 78.28

During the past 7 years, Netmore Group AB's highest Days Payable was 1140.79. The lowest was 78.28. And the median was 250.27.

OSTO:NETM B's Days Payable is not ranked
in the Telecommunication Services industry.
Industry Median: 103.495 vs OSTO:NETM B: 78.28

Netmore Group AB's Days Payable declined from Sep. 2022 (148.47) to Sep. 2023 (58.75). It may suggest that Netmore Group AB accelerated paying its suppliers.

Netmore Group AB Days Payable Historical Data

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

Netmore Group AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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635.08

1,140.79

234.23

207.65

160.63

Netmore Group AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															148.47	120.16	86.30	72.31	58.75

Competitive Comparison of Netmore Group AB's Days Payable

For the Telecom Services subindustry, Netmore 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.

Netmore Group AB's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Netmore Group AB's Days Payable distribution charts can be found below:

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

Netmore 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.

Netmore Group AB's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (12.467	+	9.503)	/	2 )	/	24.961	*	365
=	10.985					/	24.961	*	365
=	160.63

Netmore Group AB's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (11.396	+	16.135)	/	2 )	/	21.381	*	365 / 4
=	13.7655					/	21.381	*	365 / 4
=	58.75

Netmore Group AB Days Payable Related Terms

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Netmore Group AB (OSTO:NETM B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Netmore Group AB (OSTO:NETM B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Strandbergsgatan 61, Stockholm, SWE, 112 51

Website

https://www.netmore.se

Netmore Group AB provides wireless communication solutions. It offers communication solutions for property owners, businesses, industries and public organizations. The company's services include local area networks, mobile enhancement, antenna, system integration and others.

Netmore Group AB (OSTO:NETM B) Headlines

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