Freetrailer Group A/S (XSAT:FREETR) Days Payable : 22.88 (As of Dec. 2023)

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What is Freetrailer Group A/S Days Payable?

Freetrailer Group A/S's average Accounts Payable for the three months ended in Dec. 2023 was kr3.52 Mil. Freetrailer Group A/S's Cost of Goods Sold for the three months ended in Dec. 2023 was kr14.06 Mil. Hence, Freetrailer Group A/S's Days Payable for the three months ended in Dec. 2023 was 22.88.

The historical rank and industry rank for Freetrailer Group A/S's Days Payable or its related term are showing as below:

XSAT:FREETR' s Days Payable Range Over the Past 10 Years
Min: 21.86 Med: 30.82 Max: 42.63
Current: 21.86

During the past 7 years, Freetrailer Group A/S's highest Days Payable was 42.63. The lowest was 21.86. And the median was 30.82.

XSAT:FREETR's Days Payable is ranked worse than
76.32% of 925 companies
in the Business Services industry
Industry Median: 47.75 vs XSAT:FREETR: 21.86

Freetrailer Group A/S's Days Payable increased from Dec. 2022 (22.25) to Dec. 2023 (22.88). It may suggest that Freetrailer Group A/S delayed paying its suppliers.

Freetrailer Group A/S Days Payable Historical Data

The historical data trend for Freetrailer Group A/S'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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Freetrailer Group A/S Days Payable Chart

Freetrailer Group A/S Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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25.17

27.40

30.82

42.63

27.02

Freetrailer Group A/S Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															22.25	21.14	15.56	22.40	22.88

Competitive Comparison of Freetrailer Group A/S's Days Payable

For the Rental & Leasing Services subindustry, Freetrailer Group A/S'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.

Freetrailer Group A/S's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Freetrailer Group A/S's Days Payable distribution charts can be found below:

* The bar in red indicates where Freetrailer Group A/S's Days Payable falls into.

Freetrailer Group A/S 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.

Freetrailer Group A/S's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (3.717	+	2.243)	/	2 )	/	40.252	*	365
=	2.98					/	40.252	*	365
=	27.02

Freetrailer Group A/S'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.513	+	3.534)	/	2 )	/	14.055	*	365 / 4
=	3.5235					/	14.055	*	365 / 4
=	22.88

Freetrailer Group A/S Days Payable Related Terms

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Freetrailer Group A/S (XSAT:FREETR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Freetrailer Group A/S (XSAT:FREETR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

R0C:Germany

Address

Mollevej 67-69, Gladsaxe, Soborg, DNK, 2860

Website

https://www.freetrailer.com

Freetrailer Group A/S is a Danish tech company that allows people to hire different types of trailers and cargo bikes on a rental basis through its technology platform. Some of the products that people can hire through its platform are Closed trailer, Open trailer, Open 2 axle trailer and Trio eBike.

Freetrailer Group A/S (XSAT:FREETR) Headlines

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