OX2 AB (OSTO:OX2) Days Payable : 5.97 (As of Jun. 2024)

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What is OX2 AB Days Payable?

OX2 AB's average Accounts Payable for the three months ended in Jun. 2024 was kr136 Mil. OX2 AB's Cost of Goods Sold for the three months ended in Jun. 2024 was kr2,080 Mil. Hence, OX2 AB's Days Payable for the three months ended in Jun. 2024 was 5.97.

The historical rank and industry rank for OX2 AB's Days Payable or its related term are showing as below:

OSTO:OX2' s Days Payable Range Over the Past 10 Years
Min: 11.97 Med: 14.86 Max: 19.07
Current: 13.74

During the past 6 years, OX2 AB's highest Days Payable was 19.07. The lowest was 11.97. And the median was 14.86.

OSTO:OX2's Days Payable is not ranked
in the Utilities - Independent Power Producers industry.
Industry Median: 79.825 vs OSTO:OX2: 13.74

OX2 AB's Days Payable declined from Jun. 2023 (8.01) to Jun. 2024 (5.97). It may suggest that OX2 AB accelerated paying its suppliers.

OX2 AB Days Payable Historical Data

The historical data trend for OX2 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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OX2 AB Days Payable Chart

OX2 AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.72

15.14

19.07

14.58

11.97

OX2 AB Quarterly Data
	Dec18	Dec19	Mar20	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															8.01	15.77	22.64	21.82	5.97

Competitive Comparison of OX2 AB's Days Payable

For the Utilities - Renewable subindustry, OX2 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.

OX2 AB's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, OX2 AB's Days Payable distribution charts can be found below:

* The bar in red indicates where OX2 AB's Days Payable falls into.

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OX2 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.

OX2 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
=	( (159	+	215)	/	2 )	/	5702	*	365
=	187					/	5702	*	365
=	11.97

OX2 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
=	( (147	+	125)	/	2 )	/	2080	*	365 / 4
=	136					/	2080	*	365 / 4
=	5.97

OX2 AB Days Payable Related Terms

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OX2 AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » OX2 AB (OSTO:OX2) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Lilla Nygatan 1, Box 2299, Stockholm, SWE, 103 17

Website

https://www.ox2.com

OX2 AB develops and sells wind and solar farms. It has operations in Sweden, Finland, Poland, France, Lithuania, Norway, Spain, Italy, Estonia, and Romania.

OX2 AB Headlines

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