Optare Solutions (XMAD:OPTS) Days Payable : 44.44 (As of Dec. 2023)

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What is Optare Solutions Days Payable?

Optare Solutions's average Accounts Payable for the six months ended in Dec. 2023 was €0.14 Mil. Optare Solutions's Cost of Goods Sold for the six months ended in Dec. 2023 was €1.11 Mil. Hence, Optare Solutions's Days Payable for the six months ended in Dec. 2023 was 22.22.

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

XMAD:OPTS' s Days Payable Range Over the Past 10 Years
Min: 44.44 Med: 79.76 Max: 98.29
Current: 44.44

During the past 3 years, Optare Solutions's highest Days Payable was 98.29. The lowest was 44.44. And the median was 79.76.

XMAD:OPTS's Days Payable is ranked worse than
79.59% of 343 companies
in the Telecommunication Services industry
Industry Median: 105.04 vs XMAD:OPTS: 44.44

Optare Solutions's Days Payable declined from Dec. 2021 (98.29) to Dec. 2023 (44.44). It may suggest that Optare Solutions accelerated paying its suppliers.

Optare Solutions Days Payable Historical Data

The historical data trend for Optare Solutions'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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Optare Solutions Days Payable Chart

Optare Solutions Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

98.29

79.76

44.44

Optare Solutions Semi-Annual Data
	Dec21	Dec22	Dec23
Days Payable	98.29	79.76	44.44

Competitive Comparison of Optare Solutions's Days Payable

For the Telecom Services subindustry, Optare Solutions'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.

Optare Solutions's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Optare Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Optare Solutions's Days Payable falls into.

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Optare Solutions 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.

Optare Solutions'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
=	( (0.11	+	0.161)	/	2 )	/	1.113	*	365
=	0.1355					/	1.113	*	365
=	44.44

Optare Solutions's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.11	+	0.161)	/	2 )	/	1.113	*	365 / 2
=	0.1355					/	1.113	*	365 / 2
=	22.22

Optare Solutions Days Payable Related Terms

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Optare Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Optare Solutions SA (XMAD:OPTS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Parque tecnologico de Vigo Calle C nave C7, Vigo, ESP, 36315

Website

https://www.optaresolutions.com

Optare Solutions SA is an information technology consultancy specializing in providing services to the telecommunications sector. The group operates in Development and Implementation, Consulting and Architecture, and Maintenance and Operation.

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