ECOMB AB (XSAT:ECOM) Days Payable : 56.45 (As of Mar. 2024)

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What is ECOMB AB Days Payable?

ECOMB AB's average Accounts Payable for the three months ended in Mar. 2024 was kr0.18 Mil. ECOMB AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.30 Mil. Hence, ECOMB AB's Days Payable for the three months ended in Mar. 2024 was 56.45.

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

XSAT:ECOM' s Days Payable Range Over the Past 10 Years
Min: 20.8 Med: 76.23 Max: 252.7
Current: 48.49

During the past 13 years, ECOMB AB's highest Days Payable was 252.70. The lowest was 20.80. And the median was 76.23.

XSAT:ECOM's Days Payable is ranked worse than
71.73% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs XSAT:ECOM: 48.49

ECOMB AB's Days Payable declined from Mar. 2023 (73.59) to Mar. 2024 (56.45). It may suggest that ECOMB AB accelerated paying its suppliers.

ECOMB AB Days Payable Historical Data

The historical data trend for ECOMB AB'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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ECOMB AB Days Payable Chart

ECOMB AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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252.70

77.65

94.41

20.80

47.52

ECOMB AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															73.59	82.61	45.25	40.24	56.45

Competitive Comparison of ECOMB AB's Days Payable

For the Specialty Industrial Machinery subindustry, ECOMB AB'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.

ECOMB AB's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ECOMB AB's Days Payable distribution charts can be found below:

* The bar in red indicates where ECOMB AB's Days Payable falls into.

ECOMB AB 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.

ECOMB AB'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
=	( (0.366	+	0.193)	/	2 )	/	2.147	*	365
=	0.2795					/	2.147	*	365
=	47.52

ECOMB AB's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.193	+	0.172)	/	2 )	/	0.295	*	365 / 4
=	0.1825					/	0.295	*	365 / 4
=	56.45

ECOMB AB Days Payable Related Terms

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ECOMB AB (XSAT:ECOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ECOMB AB (XSAT:ECOM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tallvagen 2, Sodertalje, SWE

Website

http://www.ecomb.se

ECOMB AB is an environmental product technology company. The company has a developed a system for boilers and furnaces that reduces pollutants like nitrogen oxides, carbon monoxide and VOC in the flue gas. Its business activities include manufacturing of the patented Ecotube System, ancillaries, control software and installation.