Raketech Group Holding (OSTO:RAKE) Days Payable : 30.81 (As of Dec. 2023)

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What is Raketech Group Holding Days Payable?

Raketech Group Holding's average Accounts Payable for the three months ended in Dec. 2023 was kr42.5 Mil. Raketech Group Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was kr125.9 Mil. Hence, Raketech Group Holding's Days Payable for the three months ended in Dec. 2023 was 30.81.

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

OSTO:RAKE' s Days Payable Range Over the Past 10 Years
Min: 7.57 Med: 13.4 Max: 2404.55
Current: 39.5

During the past 9 years, Raketech Group Holding's highest Days Payable was 2404.55. The lowest was 7.57. And the median was 13.40.

OSTO:RAKE's Days Payable is ranked worse than
72.03% of 926 companies
in the Media - Diversified industry
Industry Median: 82.14 vs OSTO:RAKE: 39.50

Raketech Group Holding's Days Payable declined from Dec. 2022 (51.54) to Dec. 2023 (30.81). It may suggest that Raketech Group Holding accelerated paying its suppliers.

Raketech Group Holding Days Payable Historical Data

The historical data trend for Raketech Group Holding'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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Raketech Group Holding Days Payable Chart

Raketech Group Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.80

9.90

10.93

13.00

7.57

Raketech Group Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															51.54	53.13	65.62	51.01	30.81

Competitive Comparison of Raketech Group Holding's Days Payable

For the Advertising Agencies subindustry, Raketech Group Holding'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.

Raketech Group Holding's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Raketech Group Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Raketech Group Holding's Days Payable falls into.

Raketech Group Holding 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.

Raketech Group Holding'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
=	( (7.553	+	7.64)	/	2 )	/	366.443	*	365
=	7.5965					/	366.443	*	365
=	7.57

Raketech Group Holding's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (77.392	+	7.64)	/	2 )	/	125.91	*	365 / 4
=	42.516					/	125.91	*	365 / 4
=	30.81

Raketech Group Holding Days Payable Related Terms

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Raketech Group Holding (OSTO:RAKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Raketech Group Holding PLC (OSTO:RAKE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fawwara building, Soho office, The Strand, Triq l-Imsida, Gzira, MLT, GZR 1401

Website

https://www.raketech.com

Raketech Group Holding PLC operates as an online affiliate and performance marketing company. Its primary business involves offering products that guide users in the iGaming market who are interested in sports and gambling, to gambling services. Its portfolio includes Casinos, Sports, and Crypto. It also offers its services as a software (sub-affiliation) and provides data-driven betting advice to consumers and its primary goal is to generate high-quality leads and targeted advertisement space by providing relevant and engaging content to users interested in sports, casinos, and betting. Its Services include Affiliation-as-a service, Affiliation marketing, and Betting tips & subscription.

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