Railcare Group AB (OSTO:RAIL) Days Payable : 39.95 (As of Sep. 2024)

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What is Railcare Group AB Days Payable?

Railcare Group AB's average Accounts Payable for the three months ended in Sep. 2024 was kr55.9 Mil. Railcare Group AB's Cost of Goods Sold for the three months ended in Sep. 2024 was kr127.7 Mil. Hence, Railcare Group AB's Days Payable for the three months ended in Sep. 2024 was 39.95.

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

OSTO:RAIL' s Days Payable Range Over the Past 10 Years
Min: 28.86 Med: 35.13 Max: 46.54
Current: 36.92

During the past 13 years, Railcare Group AB's highest Days Payable was 46.54. The lowest was 28.86. And the median was 35.13.

OSTO:RAIL's Days Payable is ranked worse than
50.96% of 934 companies
in the Transportation industry
Industry Median: 37.385 vs OSTO:RAIL: 36.92

Railcare Group AB's Days Payable increased from Sep. 2023 (35.85) to Sep. 2024 (39.95). It may suggest that Railcare Group AB delayed paying its suppliers.

Railcare Group AB Days Payable Historical Data

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

Railcare Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.92

31.99

28.86

29.79

36.37

Railcare Group AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															35.85	35.78	41.91	33.64	39.95

Competitive Comparison of Railcare Group AB's Days Payable

For the Railroads subindustry, Railcare 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.

Railcare Group AB's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Railcare Group AB's Days Payable distribution charts can be found below:

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

Railcare 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.

Railcare 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
=	( (34.359	+	47.693)	/	2 )	/	411.769	*	365
=	41.026					/	411.769	*	365
=	36.37

Railcare Group AB's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (61.516	+	50.31)	/	2 )	/	127.712	*	365 / 4
=	55.913					/	127.712	*	365 / 4
=	39.95

Railcare Group AB Days Payable Related Terms

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Railcare Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Railcare Group AB (OSTO:RAIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nasuddsvagen 10, Box 34, Skelleftehamn, SWE, 932 21

Website

http://www.railcare.se

Railcare Group AB provides railway maintenance, renewal, and transportation services to railway industry in Scandinavia and UK. It offers services, such as management of cables and surplus masses, railway snow removal, renovation of railway tunnels, machine construction, provision of tractors for contractors, as well as lorry hire, carriages, and personnel.