Solnaberg Property AB (OSTO:SOLNA) Days Payable : 40.29 (As of Dec. 2023)

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What is Solnaberg Property AB Days Payable?

Solnaberg Property AB's average Accounts Payable for the six months ended in Dec. 2023 was kr1.67 Mil. Solnaberg Property AB's Cost of Goods Sold for the six months ended in Dec. 2023 was kr7.57 Mil. Hence, Solnaberg Property AB's Days Payable for the six months ended in Dec. 2023 was 40.29.

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

OSTO:SOLNA' s Days Payable Range Over the Past 10 Years
Min: 41.35 Med: 111.11 Max: 1625.38
Current: 129.83

During the past 8 years, Solnaberg Property AB's highest Days Payable was 1625.38. The lowest was 41.35. And the median was 111.11.

OSTO:SOLNA's Days Payable is ranked better than
58.58% of 1579 companies
in the Real Estate industry
Industry Median: 97.33 vs OSTO:SOLNA: 129.83

Solnaberg Property AB's Days Payable declined from Dec. 2022 (232.43) to Dec. 2023 (40.29). It may suggest that Solnaberg Property AB accelerated paying its suppliers.

Solnaberg Property AB Days Payable Historical Data

The historical data trend for Solnaberg Property 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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Solnaberg Property AB Days Payable Chart

Solnaberg Property AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.74

53.43

41.35

151.74

175.21

Solnaberg Property AB Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial										63.92	116.89	232.43	164.84	40.29

Competitive Comparison of Solnaberg Property AB's Days Payable

For the Real Estate Services subindustry, Solnaberg Property 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.

Solnaberg Property AB's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Solnaberg Property AB's Days Payable distribution charts can be found below:

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

Solnaberg Property 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.

Solnaberg Property 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
=	( (14.098	+	1.592)	/	2 )	/	16.343	*	365
=	7.845					/	16.343	*	365
=	175.21

Solnaberg Property AB'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.75	+	1.592)	/	2 )	/	7.57	*	365 / 2
=	1.671					/	7.57	*	365 / 2
=	40.29

Solnaberg Property AB Days Payable Related Terms

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Solnaberg Property AB (OSTO:SOLNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Solnaberg Property AB (OSTO:SOLNA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Wilfast Forvaltning AB, Stora Badhusgatan 28A, Gothenburg, SWE, 411 21

Website

http://www.solnabergproperty.se

Solnaberg Property AB is a Sweden-based company involved in the real estate sector. It owns the property Solna Bladet 3 which comprises four combined office buildings. The property is in Bergshamra, a district in eastern Solna.

Solnaberg Property AB (OSTO:SOLNA) Headlines

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