QTGPF (Qt Group) Days Payable : 7.35 (As of Dec. 2024)

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What is Qt Group Days Payable?

Qt Group's average Accounts Payable for the three months ended in Dec. 2024 was $2.2 Mil. Qt Group's Cost of Goods Sold for the three months ended in Dec. 2024 was $27.6 Mil. Hence, Qt Group's Days Payable for the three months ended in Dec. 2024 was 7.35.

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

QTGPF' s Days Payable Range Over the Past 10 Years
Min: 8.1 Med: 10.43 Max: 109.53
Current: 8.48

During the past 11 years, Qt Group's highest Days Payable was 109.53. The lowest was 8.10. And the median was 10.43.

QTGPF's Days Payable is ranked worse than
93.3% of 2539 companies
in the Software industry
Industry Median: 49.04 vs QTGPF: 8.48

Qt Group's Days Payable declined from Dec. 2023 (9.14) to Dec. 2024 (7.35). It may suggest that Qt Group accelerated paying its suppliers.

Qt Group Days Payable Historical Data

The historical data trend for Qt Group'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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Qt Group Days Payable Chart

Qt Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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11.07

10.51

10.92

9.40

8.27

Qt Group 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															9.14	8.23	9.50	9.37	7.35

Competitive Comparison of Qt Group's Days Payable

For the Software - Application subindustry, Qt Group'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.

Qt Group's Days Payable Distribution in the Software Industry

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

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

Qt Group 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.

Qt Group'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
=	( (2.453	+	2.382)	/	2 )	/	106.745	*	365
=	2.4175					/	106.745	*	365
=	8.27

Qt Group'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
=	( (2.062	+	2.382)	/	2 )	/	27.577	*	365 / 4
=	2.222					/	27.577	*	365 / 4
=	7.35

Qt Group Days Payable Related Terms

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Qt Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Qt Group PLC (OTCPK:QTGPF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

QTCOMh:UK 0RG5:UK QTCOM:Finland 2QT:Germany

Address

Miestentie 7, Espoo, FIN, 02150

Website

https://www.qt.io

Qt Group PLC is engaged in Qt product development, commercialization and licensing under commercial and open-source licenses. It is used for developing cross-platform applications and graphical user interfaces for desktops, embedded systems, and mobile devices. The Group reports one business segment that provides its customers with software development tools. This technology is used in various devices and applications, including consumer electronics, vehicles, airplanes and industrial automation applications. Geographically, it has a presence in the Rest of Europe and APAC and North America. It derives revenue from License sales and consulting and others.