Edda Wind ASA (STU:VR1) Days Payable : 104.08 (As of Sep. 2024)

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What is Edda Wind ASA Days Payable?

Edda Wind ASA's average Accounts Payable for the three months ended in Sep. 2024 was €3.76 Mil. Edda Wind ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was €3.29 Mil. Hence, Edda Wind ASA's Days Payable for the three months ended in Sep. 2024 was 104.08.

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

STU:VR1' s Days Payable Range Over the Past 10 Years
Min: 86.96 Med: 191.2 Max: 258.46
Current: 131.79

During the past 7 years, Edda Wind ASA's highest Days Payable was 258.46. The lowest was 86.96. And the median was 191.20.

STU:VR1's Days Payable is ranked better than
74.74% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs STU:VR1: 131.79

Edda Wind ASA's Days Payable declined from Sep. 2023 (108.05) to Sep. 2024 (104.08). It may suggest that Edda Wind ASA accelerated paying its suppliers.

Edda Wind ASA Days Payable Historical Data

The historical data trend for Edda Wind 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.

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Edda Wind ASA Days Payable Chart

Edda Wind ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.29

130.55

190.39

261.15

215.28

Edda Wind ASA Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial														108.05	159.56	154.45	157.01	104.08

Competitive Comparison of Edda Wind ASA's Days Payable

For the Oil & Gas Equipment & Services subindustry, Edda Wind 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.

Edda Wind ASA's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Edda Wind ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Edda Wind ASA's Days Payable falls into.

Edda Wind 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.

Edda Wind ASA'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
=	( (3.017	+	5.488)	/	2 )	/	7.21	*	365
=	4.2525					/	7.21	*	365
=	215.28

Edda Wind ASA's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (4.376	+	3.138)	/	2 )	/	3.294	*	365 / 4
=	3.757					/	3.294	*	365 / 4
=	104.08

Edda Wind ASA Days Payable Related Terms

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Edda Wind ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Edda Wind ASA (STU:VR1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EWINDo:Sweden EWIND:Norway

Address

Spannavegen 152, Haugesund, NOR, 5501

Website

https://www.eddawind.com

Edda Wind ASA is a Norway-based company that provides service operations to the global offshore wind industry. The company develops, builds, owns, and operates purpose-built Service Operation Vessels (SOVs) and Commissioning Service Operation Vessels (CSOVs) for offshore wind farms world-wide. The company geographically operates in U.S., Germany, France, Norway and Sri Lanka.

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