Upsales Technology AB (OSTO:UPSALE) Days Payable : 20.60 (As of Mar. 2024)

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What is Upsales Technology AB Days Payable?

Upsales Technology AB's average Accounts Payable for the three months ended in Mar. 2024 was kr3.1 Mil. Upsales Technology AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr13.9 Mil. Hence, Upsales Technology AB's Days Payable for the three months ended in Mar. 2024 was 20.60.

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

OSTO:UPSALE' s Days Payable Range Over the Past 10 Years
Min: 28.27 Med: 49.34 Max: 88.2
Current: 28.27

During the past 7 years, Upsales Technology AB's highest Days Payable was 88.20. The lowest was 28.27. And the median was 49.34.

OSTO:UPSALE's Days Payable is ranked worse than
68.97% of 2523 companies
in the Software industry
Industry Median: 49.5 vs OSTO:UPSALE: 28.27

Upsales Technology AB's Days Payable declined from Mar. 2023 (21.34) to Mar. 2024 (20.60). It may suggest that Upsales Technology AB accelerated paying its suppliers.

Upsales Technology AB Days Payable Historical Data

The historical data trend for Upsales Technology 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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Upsales Technology AB Days Payable Chart

Upsales Technology AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.34

34.83

57.70

88.20

37.63

Upsales Technology AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															21.34	15.91	22.10	-	20.60

Competitive Comparison of Upsales Technology AB's Days Payable

For the Software - Application subindustry, Upsales Technology 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.

Upsales Technology AB's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Upsales Technology AB's Days Payable falls into.

Upsales Technology 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.

Upsales Technology 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
=	( (3.705	+	3.512)	/	2 )	/	35.001	*	365
=	3.6085					/	35.001	*	365
=	37.63

Upsales Technology 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
=	( (3.512	+	2.756)	/	2 )	/	13.883	*	365 / 4
=	3.134					/	13.883	*	365 / 4
=	20.60

Upsales Technology AB Days Payable Related Terms

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Upsales Technology AB (OSTO:UPSALE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Upsales Technology AB (OSTO:UPSALE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sveavagen 21, Stockholm, SWE, 11134

Website

https://www.upsales.com

Upsales Technology AB is a Sweden based software company. It provides sales and marketing platform for B2B companies. The company provides Marketing solutions such as Marketing Automation, Lead scoring, Website Tracking and Event Marketing among others. It also provides with Sales and Analytics services to various companies.

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