FX International AB (XSAT:FXI) Days Payable : 88.06 (As of Mar. 2024)

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What is FX International AB Days Payable?

FX International AB's average Accounts Payable for the three months ended in Mar. 2024 was kr0.22 Mil. FX International AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.23 Mil. Hence, FX International AB's Days Payable for the three months ended in Mar. 2024 was 88.06.

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

XSAT:FXI' s Days Payable Range Over the Past 10 Years
Min: 130.93 Med: 203.95 Max: 463.39
Current: 463.39

During the past 12 years, FX International AB's highest Days Payable was 463.39. The lowest was 130.93. And the median was 203.95.

XSAT:FXI's Days Payable is ranked better than
81.91% of 470 companies
in the Asset Management industry
Industry Median: 74.64 vs XSAT:FXI: 463.39

FX International AB's Days Payable increased from Mar. 2023 (12.44) to Mar. 2024 (88.06). It may suggest that FX International AB delayed paying its suppliers.

FX International AB Days Payable Historical Data

The historical data trend for FX International 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.

* Premium members only.

FX International AB Days Payable Chart

FX International AB Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec22

Dec23

Days Payable

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203.95

214.17

130.93

FX International AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															12.44	-	-	-	88.06

Competitive Comparison of FX International AB's Days Payable

For the Asset Management subindustry, FX International 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.

FX International AB's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, FX International AB's Days Payable distribution charts can be found below:

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

FX International 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.

FX International 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
=	( (0.071	+	0.221)	/	2 )	/	0.407	*	365
=	0.146					/	0.407	*	365
=	130.93

FX International 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
=	( (0.221	+	0)	/	1 )	/	0.229	*	365 / 4
=	0.221					/	0.229	*	365 / 4
=	88.06

FX International AB Days Payable Related Terms

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FX International AB (XSAT:FXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FX International AB (XSAT:FXI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Drottninggatan 62, Helsingborg, FIN, 252 21

Website

http://www.fxi.se

FX International AB is engaged in currency trading through algorithm-driven computer program with goal to maximize return on its capital for shareholders. The company's business model focuses on algorithm-driven trading using artificial intelligence within the foreign exchange market. It also have trading platform namely, Genova FX.