niiio finance group AG (STU:NIIN) Days Payable : 40.64 (As of Jun. 2023)

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What is niiio finance group AG Days Payable?

niiio finance group AG's average Accounts Payable for the six months ended in Jun. 2023 was €0.39 Mil. niiio finance group AG's Cost of Goods Sold for the six months ended in Jun. 2023 was €1.75 Mil. Hence, niiio finance group AG's Days Payable for the six months ended in Jun. 2023 was 40.64.

The historical rank and industry rank for niiio finance group AG's Days Payable or its related term are showing as below:

STU:NIIN' s Days Payable Range Over the Past 10 Years
Min: 21.39 Med: 51.6 Max: 183.44
Current: 43.3

During the past 9 years, niiio finance group AG's highest Days Payable was 183.44. The lowest was 21.39. And the median was 51.60.

STU:NIIN's Days Payable is ranked worse than
54.6% of 2531 companies
in the Software industry
Industry Median: 50.13 vs STU:NIIN: 43.30

niiio finance group AG's Days Payable increased from Jun. 2022 (39.49) to Jun. 2023 (40.64). It may suggest that niiio finance group AG delayed paying its suppliers.

niiio finance group AG Days Payable Historical Data

The historical data trend for niiio finance group AG'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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niiio finance group AG Days Payable Chart

niiio finance group AG Annual Data

Trend

Dec08

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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67.75

37.53

65.67

70.45

35.64

niiio finance group AG Semi-Annual Data
	Dec08	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial													68.23	50.37	39.49	39.99	40.64

Competitive Comparison of niiio finance group AG's Days Payable

For the Software - Application subindustry, niiio finance group AG'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.

niiio finance group AG's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, niiio finance group AG's Days Payable distribution charts can be found below:

* The bar in red indicates where niiio finance group AG's Days Payable falls into.

niiio finance group AG 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.

niiio finance group AG'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
=	( (0.377	+	0.287)	/	2 )	/	3.4	*	365
=	0.332					/	3.4	*	365
=	35.64

niiio finance group AG's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.287	+	0.492)	/	2 )	/	1.749	*	365 / 2
=	0.3895					/	1.749	*	365 / 2
=	40.64

niiio finance group AG Days Payable Related Terms

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niiio finance group AG (STU:NIIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » niiio finance group AG (STU:NIIN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NIIN:Germany

Address

Elisabethstrasse 42/43, Gorlitz, SN, DEU, 02826

Website

http://www.niiio.finance

niiio finance group AG is a technology and software company. It offers software solutions for the target groups of banks, insurance companies, asset managers, and independent financial service providers. It designs, develops, and sells Software-as-a-Service solutions such as Digital wealth management, White-Label Robo-Advisor, and an Open-banking suite of APIs. The group currently has two business areas. to develop additional business potential in the medium to long term, the team is also working on offering a marketplace/platform solution for the integration of third-party software components for digital wealth management. Another medium to longer-term development project concerns the offering of a new custody and administration infrastructure for assets based on blockchain.

Executives

Herr Johann Horch	Supervisory Board
Dr. Martin Setzer	Supervisory Board

niiio finance group AG (STU:NIIN) Headlines

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