Invoicery Group AB (XSAT:FRILAN) Days Payable : 1.36 (As of Mar. 2024)

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What is Invoicery Group AB Days Payable?

Invoicery Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr6 Mil. Invoicery Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr370 Mil. Hence, Invoicery Group AB's Days Payable for the three months ended in Mar. 2024 was 1.36.

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

XSAT:FRILAN' s Days Payable Range Over the Past 10 Years
Min: 1.45 Med: 1.64 Max: 1.82
Current: 1.73

During the past 2 years, Invoicery Group AB's highest Days Payable was 1.82. The lowest was 1.45. And the median was 1.64.

XSAT:FRILAN's Days Payable is ranked worse than
97.4% of 77 companies
in the Diversified Financial Services industry
Industry Median: 86.81 vs XSAT:FRILAN: 1.73

Invoicery Group AB's Days Payable increased from Mar. 2023 (1.27) to Mar. 2024 (1.36). It may suggest that Invoicery Group AB delayed paying its suppliers.

Invoicery Group AB Days Payable Historical Data

The historical data trend for Invoicery Group 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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Invoicery Group AB Days Payable Chart

Invoicery Group AB Annual Data

Trend

Dec22

Dec23

Days Payable

1.45

1.82

Invoicery Group AB Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial				1.27	1.30	1.50	8.61	1.36

Competitive Comparison of Invoicery Group AB's Days Payable

For the Shell Companies subindustry, Invoicery Group 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.

Invoicery Group AB's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Invoicery Group AB's Days Payable distribution charts can be found below:

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

Invoicery Group 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.

Invoicery Group 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
=	( (4.894	+	7.167)	/	2 )	/	1207.632	*	365
=	6.0305					/	1207.632	*	365
=	1.82

Invoicery Group 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
=	( (7.167	+	3.857)	/	2 )	/	369.968	*	365 / 4
=	5.512					/	369.968	*	365 / 4
=	1.36

Invoicery Group AB Days Payable Related Terms

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Invoicery Group AB (XSAT:FRILAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Invoicery Group AB (XSAT:FRILAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Humlegardsgatan 4, Stockholm, SWE, 114 46

Website

https://www.spactva.se

Invoicery Group AB formerly SPACtva AB is a special purpose acquisition company that intends to acquire an unlisted operating company that will grow and create value in a listed environment.

Invoicery Group AB (XSAT:FRILAN) Headlines

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