Q-Free ASA (Q-Free ASA) Days Payable : 61.51 (As of Sep. 2023)

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What is Q-Free ASA Days Payable?

Q-Free ASA's average Accounts Payable for the three months ended in Sep. 2023 was $8.4 Mil. Q-Free ASA's Cost of Goods Sold for the three months ended in Sep. 2023 was $12.5 Mil. Hence, Q-Free ASA's Days Payable for the three months ended in Sep. 2023 was 61.51.

The historical rank and industry rank for Q-Free ASA's Days Payable or its related term are showing as below:

QFREF' s Days Payable Range Over the Past 10 Years
Min: 66.95 Med: 94.84 Max: 125.23
Current: 66.95

During the past 13 years, Q-Free ASA's highest Days Payable was 125.23. The lowest was 66.95. And the median was 94.84.

QFREF's Days Payable is not ranked
in the Construction industry.
Industry Median: 74.31 vs QFREF: 66.95

Q-Free ASA's Days Payable declined from Sep. 2022 (81.90) to Sep. 2023 (61.51). It may suggest that Q-Free ASA accelerated paying its suppliers.

Q-Free ASA Days Payable Historical Data

The historical data trend for Q-Free ASA'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.

* Premium members only.

Q-Free ASA Days Payable Chart

Q-Free ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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105.07

94.08

91.04

81.40

96.08

Q-Free ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															81.90	53.07	95.82	74.01	61.51

Competitive Comparison of Q-Free ASA's Days Payable

For the Infrastructure Operations subindustry, Q-Free ASA'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.

Q-Free ASA's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Q-Free ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Q-Free ASA's Days Payable falls into.

Q-Free ASA 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.

Q-Free ASA's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (8.706	+	10.31)	/	2 )	/	36.12	*	365
=	9.508					/	36.12	*	365
=	96.08

Q-Free ASA's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (7.498	+	9.293)	/	2 )	/	12.454	*	365 / 4
=	8.3955					/	12.454	*	365 / 4
=	61.51

Q-Free ASA Days Payable Related Terms

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Q-Free ASA (Q-Free ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Q-Free ASA (OTCPK:QFREF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Strindfjordvegen 1, Ranheim, NOR, 7053

Website

https://www.q-free.com

Q-Free ASA is engaged in the business of supplying products and solutions within Road User Charging (RUC) and Advanced Transportation Management Systems (ATMs). The company has three segments, namely Tolling, Traffic Management, and Assets held for sale. The majority of its revenue comes from the Tolling segment. Its Tolling solutions include Electronic Multi-Lane Free-Flow Toll Collection, Congestion Charging & Low-Emission Zones, Road User Charging, Enforcement, and Truck & Ferry Tolling. Its geographical segments are Europe, APMEA (Asia Pacific/Middle East/Africa), and the Americas.

Q-Free ASA (Q-Free ASA) Headlines

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