Vestum AB (OSTO:VESTUM) Days Payable : 58.15 (As of Mar. 2024)

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What is Vestum AB Days Payable?

Vestum AB's average Accounts Payable for the three months ended in Mar. 2024 was kr411 Mil. Vestum AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr645 Mil. Hence, Vestum AB's Days Payable for the three months ended in Mar. 2024 was 58.15.

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

OSTO:VESTUM' s Days Payable Range Over the Past 10 Years
Min: 56.45 Med: 144.28 Max: 189.08
Current: 59.7

During the past 13 years, Vestum AB's highest Days Payable was 189.08. The lowest was 56.45. And the median was 144.28.

OSTO:VESTUM's Days Payable is ranked worse than
61.43% of 1605 companies
in the Construction industry
Industry Median: 73.79 vs OSTO:VESTUM: 59.70

Vestum AB's Days Payable declined from Mar. 2023 (67.30) to Mar. 2024 (58.15). It may suggest that Vestum AB accelerated paying its suppliers.

Vestum AB Days Payable Historical Data

The historical data trend for Vestum 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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Vestum AB Days Payable Chart

Vestum AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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178.35

89.04

56.45

56.91

Vestum 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															67.30	49.24	56.68	102.31	58.15

Competitive Comparison of Vestum AB's Days Payable

For the Engineering & Construction subindustry, Vestum 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.

Vestum AB's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Vestum AB's Days Payable distribution charts can be found below:

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

Vestum 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.

Vestum 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
=	( (528	+	430)	/	2 )	/	3072	*	365
=	479					/	3072	*	365
=	56.91

Vestum 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
=	( (430	+	392)	/	2 )	/	645	*	365 / 4
=	411					/	645	*	365 / 4
=	58.15

Vestum AB Days Payable Related Terms

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Vestum AB (OSTO:VESTUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Vestum AB (OSTO:VESTUM) » Definitions » Days Payable

Traded in Other Exchanges

W0S:Germany

Address

Riddargatan 10, Stockholm, SWE, 114 35

Website

https://www.vestum.se

Vestum AB is an acquisition-driven group that acquires and develops companies in construction, and infrastructure industries within the segments Water, Services and Infrastructure. The segment Water includes companies with a focus on improving the service sector for water infrastructure, Service segment includes companies that provide various services for the construction services industry, and Infra segment includes companies that work in areas such as civil engineering, water & sewage, roads, bridges, etc. Infra segment contributes majorily to the revenue of the company.

Vestum AB (OSTO:VESTUM) Headlines

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