Online Brands Nordic AB (OSTO:OBAB) Days Payable : 81.10 (As of Mar. 2024)

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What is Online Brands Nordic AB Days Payable?

Online Brands Nordic AB's average Accounts Payable for the three months ended in Mar. 2024 was kr28.2 Mil. Online Brands Nordic AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr31.7 Mil. Hence, Online Brands Nordic AB's Days Payable for the three months ended in Mar. 2024 was 81.10.

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

OSTO:OBAB' s Days Payable Range Over the Past 10 Years
Min: 40.62 Med: 76.1 Max: 92.79
Current: 83.09

During the past 13 years, Online Brands Nordic AB's highest Days Payable was 92.79. The lowest was 40.62. And the median was 76.10.

OSTO:OBAB's Days Payable is ranked better than
68.64% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 54.48 vs OSTO:OBAB: 83.09

Online Brands Nordic AB's Days Payable declined from Mar. 2023 (83.37) to Mar. 2024 (81.10). It may suggest that Online Brands Nordic AB accelerated paying its suppliers.

Online Brands Nordic AB Days Payable Historical Data

The historical data trend for Online Brands Nordic 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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Online Brands Nordic AB Days Payable Chart

Online Brands Nordic AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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92.79

61.20

82.23

56.65

75.00

Online Brands Nordic 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															83.37	94.42	90.32	69.50	81.10

Competitive Comparison of Online Brands Nordic AB's Days Payable

For the Internet Retail subindustry, Online Brands Nordic 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.

Online Brands Nordic AB's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Online Brands Nordic AB's Days Payable distribution charts can be found below:

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

Online Brands Nordic 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.

Online Brands Nordic 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
=	( (24.166	+	24.849)	/	2 )	/	119.265	*	365
=	24.5075					/	119.265	*	365
=	75.00

Online Brands Nordic 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
=	( (24.849	+	31.5)	/	2 )	/	31.7	*	365 / 4
=	28.1745					/	31.7	*	365 / 4
=	81.10

Online Brands Nordic AB Days Payable Related Terms

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Online Brands Nordic AB (OSTO:OBAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Online Brands Nordic AB (OSTO:OBAB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flojelbergsgatan 7A, Molndal, SWE, 431 37

Website

https://www.onlinebrands.se

Online Brands Nordic AB is an e-commerce company. The group operates the online store Trendcarpet, which is engaged in retailing of carpets. The company operates in more than 10 different countries and is primarily aimed at the private market. The group also houses international e-commerce for hats under the Hatshop brand and the jewelery store John Victorin in Varberg AB.

Online Brands Nordic AB (OSTO:OBAB) Headlines

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