mySafety Group AB (OSTO:SAFETY B) Days Payable : 12.48 (As of Dec. 2024)

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What is mySafety Group AB Days Payable?

mySafety Group AB's average Accounts Payable for the three months ended in Dec. 2024 was kr7.5 Mil. mySafety Group AB's Cost of Goods Sold for the three months ended in Dec. 2024 was kr54.7 Mil. Hence, mySafety Group AB's Days Payable for the three months ended in Dec. 2024 was 12.48.

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

OSTO:SAFETY B' s Days Payable Range Over the Past 10 Years
Min: 16.4 Med: 48.24 Max: 836.05
Current: 23.66

During the past 13 years, mySafety Group AB's highest Days Payable was 836.05. The lowest was 16.40. And the median was 48.24.

OSTO:SAFETY B's Days Payable is ranked worse than
73.78% of 2540 companies
in the Software industry
Industry Median: 51.385 vs OSTO:SAFETY B: 23.66

mySafety Group AB's Days Payable declined from Dec. 2023 (26.86) to Dec. 2024 (12.48). It may suggest that mySafety Group AB accelerated paying its suppliers.

mySafety Group AB Days Payable Historical Data

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

mySafety Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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241.96

836.05

162.66

16.40

23.16

mySafety Group AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															26.86	34.74	30.35	16.09	12.48

Competitive Comparison of mySafety Group AB's Days Payable

For the Information Technology Services subindustry, mySafety 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.

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

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

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

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mySafety 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.

mySafety Group AB's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (16.752	+	9.34)	/	2 )	/	205.564	*	365
=	13.046					/	205.564	*	365
=	23.16

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

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (5.627	+	9.34)	/	2 )	/	54.728	*	365 / 4
=	7.4835					/	54.728	*	365 / 4
=	12.48

mySafety Group AB Days Payable Related Terms

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mySafety Group AB Business Description

Industry

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

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Address

Strandbergsgatan 61, Stockholm, SWE, 112 51

Website

http://www.empir.se

mySafety Group AB is an IT consulting company in Sweden. Its main focus on digital transformation within both Business to Business nd Business to consumer. It is engaged in providing systems development, project management, testing and service desk services to the banking, insurance, transportation, and the public sector industries.

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