Advance Equity Holding AD Sofia (XBUL:ADVE) Days Payable : 171.90 (As of Sep. 2019)

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What is Advance Equity Holding AD Sofia Days Payable?

Advance Equity Holding AD Sofia's average Accounts Payable for the three months ended in Sep. 2019 was лв4.64 Mil. Advance Equity Holding AD Sofia's Cost of Goods Sold for the three months ended in Sep. 2019 was лв2.46 Mil. Hence, Advance Equity Holding AD Sofia's Days Payable for the three months ended in Sep. 2019 was 171.90.

The historical rank and industry rank for Advance Equity Holding AD Sofia's Days Payable or its related term are showing as below:

XBUL:ADVE's Days Payable is not ranked ^*
in the Asset Management industry.
Industry Median: 69.215
* Ranked among companies with meaningful Days Payable only.

Advance Equity Holding AD Sofia's Days Payable increased from Jun. 2018 (0.00) to Sep. 2019 (171.90). It may suggest that Advance Equity Holding AD Sofia delayed paying its suppliers.

Advance Equity Holding AD Sofia Days Payable Historical Data

The historical data trend for Advance Equity Holding AD Sofia'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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Advance Equity Holding AD Sofia Days Payable Chart

Advance Equity Holding AD Sofia Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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63.40

104.59

108.50

139.22

136.20

Advance Equity Holding AD Sofia Quarterly Data
	Jun14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19
Days Payable	Get a 7-Day Free Trial															-	152.39	68.20	-	171.90

Competitive Comparison of Advance Equity Holding AD Sofia's Days Payable

For the Asset Management subindustry, Advance Equity Holding AD Sofia'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.

Advance Equity Holding AD Sofia's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advance Equity Holding AD Sofia's Days Payable distribution charts can be found below:

* The bar in red indicates where Advance Equity Holding AD Sofia's Days Payable falls into.

Advance Equity Holding AD Sofia 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.

Advance Equity Holding AD Sofia's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (3.084	+	2.835)	/	2 )	/	7.931	*	365
=	2.9595					/	7.931	*	365
=	136.20

Advance Equity Holding AD Sofia's Days Payable for the quarter that ended in Sep. 2019 is calculated as:

	Days Payable (Q: Sep. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2019 )	+	Accounts Payable (Q: Sep. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
=	( (0	+	4.638)	/	1 )	/	2.462	*	365 / 4
=	4.638					/	2.462	*	365 / 4
=	171.90

Advance Equity Holding AD Sofia Days Payable Related Terms

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Advance Equity Holding AD Sofia (XBUL:ADVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advance Equity Holding AD Sofia (XBUL:ADVE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bul. Hristo Botev 57, Sofia, BGR, 1303

Website

http://www.advancequity.bg

Advance Equity Holding AD Sofia is an investment company. The company focuses its investments on new start-up companies that have high growth potential.

Advance Equity Holding AD Sofia (XBUL:ADVE) Headlines

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