Qlosr Group AB (OSTO:QLOSR B) Days Payable : 41.06 (As of Mar. 2024)

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What is Qlosr Group AB Days Payable?

Qlosr Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr75.0 Mil. Qlosr Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr166.6 Mil. Hence, Qlosr Group AB's Days Payable for the three months ended in Mar. 2024 was 41.06.

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

OSTO:QLOSR B' s Days Payable Range Over the Past 10 Years
Min: 1.86 Med: 11.29 Max: 54.42
Current: 43.47

During the past 10 years, Qlosr Group AB's highest Days Payable was 54.42. The lowest was 1.86. And the median was 11.29.

OSTO:QLOSR B's Days Payable is ranked worse than
54.7% of 2523 companies
in the Software industry
Industry Median: 49.74 vs OSTO:QLOSR B: 43.47

Qlosr Group AB's Days Payable declined from Mar. 2023 (48.35) to Mar. 2024 (41.06). It may suggest that Qlosr Group AB accelerated paying its suppliers.

Qlosr Group AB Days Payable Historical Data

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

Qlosr Group AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec22

Dec23

Days Payable

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21.88

24.50

11.29

29.96

54.42

Qlosr Group AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															48.35	44.68	56.55	40.93	41.06

Competitive Comparison of Qlosr Group AB's Days Payable

For the Information Technology Services subindustry, Qlosr 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.

Qlosr Group AB's Days Payable Distribution in the Software Industry

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

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

Qlosr 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.

Qlosr Group 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
=	( (72.903	+	89.709)	/	2 )	/	545.323	*	365
=	81.306					/	545.323	*	365
=	54.42

Qlosr Group 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
=	( (89.709	+	60.247)	/	2 )	/	166.616	*	365 / 4
=	74.978					/	166.616	*	365 / 4
=	41.06

Qlosr Group AB Days Payable Related Terms

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Qlosr Group AB (OSTO:QLOSR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Qlosr Group AB (OSTO:QLOSR B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Telefonvagen 30, Stockholm, SWE, 126 26

Website

https://www.qlosr.se

Qlosr Group AB is a supplier of IT solutions. The company offers smart and efficient IT solutions to companies and schools. It operates in the Nordic market and has offices in Stockholm, Gothenburg, Malmo and Malardalen.

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