Genesis-IT AB (XSAT:GENE) Days Payable : 13.65 (As of Jun. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Genesis-IT AB Days Payable?

Genesis-IT AB's average Accounts Payable for the three months ended in Jun. 2023 was kr1.86 Mil. Genesis-IT AB's Cost of Goods Sold for the three months ended in Jun. 2023 was kr12.44 Mil. Hence, Genesis-IT AB's Days Payable for the three months ended in Jun. 2023 was 13.65.

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

XSAT:GENE' s Days Payable Range Over the Past 10 Years
Min: 19.67 Med: 30.45 Max: 3254.31
Current: 22.58

During the past 12 years, Genesis-IT AB's highest Days Payable was 3254.31. The lowest was 19.67. And the median was 30.45.

XSAT:GENE's Days Payable is not ranked
in the Software industry.
Industry Median: 50.275 vs XSAT:GENE: 22.58

Genesis-IT AB's Days Payable declined from Jun. 2022 (22.80) to Jun. 2023 (13.65). It may suggest that Genesis-IT AB accelerated paying its suppliers.

Genesis-IT AB Days Payable Historical Data

The historical data trend for Genesis-IT 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.

Genesis-IT AB Days Payable Chart

Genesis-IT AB Annual Data

Trend

Aug12

Aug13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

37.62

35.71

30.45

26.87

25.48

Genesis-IT AB Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															22.80	36.36	25.38	19.38	13.65

Competitive Comparison of Genesis-IT AB's Days Payable

For the Software - Infrastructure subindustry, Genesis-IT 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.

Genesis-IT AB's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Genesis-IT AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Genesis-IT AB's Days Payable falls into.

Genesis-IT 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.

Genesis-IT AB's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.887	+	3.095)	/	2 )	/	42.851	*	365
=	2.991					/	42.851	*	365
=	25.48

Genesis-IT AB's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1.606	+	2.116)	/	2 )	/	12.439	*	365 / 4
=	1.861					/	12.439	*	365 / 4
=	13.65

Genesis-IT AB Days Payable Related Terms

Thank you for viewing the detailed overview of Genesis-IT AB's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Genesis-IT AB (XSAT:GENE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Genesis-IT AB (XSAT:GENE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Norrsagsvaegen 41, Lulea, SWE, 972 54

Website

http://www.genesis.se

Genesis-IT AB is an applications services provider. The group operates and develop business systems, cloud services, and security solutions. It sells the Fenix software system, which is used for administrative and accounting purposes.