MindArk PE AB (XSAT:MNDRK) Days Payable : 42.88 (As of Dec. 2023)

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What is MindArk PE AB Days Payable?

MindArk PE AB's average Accounts Payable for the three months ended in Dec. 2023 was kr2.8 Mil. MindArk PE AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr5.9 Mil. Hence, MindArk PE AB's Days Payable for the three months ended in Dec. 2023 was 42.88.

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

XSAT:MNDRK' s Days Payable Range Over the Past 10 Years
Min: 27.28 Med: 45.8 Max: 58.19
Current: 27.28

During the past 2 years, MindArk PE AB's highest Days Payable was 58.19. The lowest was 27.28. And the median was 45.80.

XSAT:MNDRK's Days Payable is ranked worse than
70.43% of 2526 companies
in the Software industry
Industry Median: 49.695 vs XSAT:MNDRK: 27.28

MindArk PE AB's Days Payable increased from Sep. 2022 (0.00) to Dec. 2023 (42.88). It may suggest that MindArk PE AB delayed paying its suppliers.

MindArk PE AB Days Payable Historical Data

The historical data trend for MindArk PE 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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MindArk PE AB Days Payable Chart

MindArk PE AB Annual Data

Trend

Dec21

Dec23

Days Payable

58.19

33.41

MindArk PE AB Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	44.30	12.41	51.21	42.88

Competitive Comparison of MindArk PE AB's Days Payable

For the Software - Application subindustry, MindArk PE 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.

MindArk PE AB's Days Payable Distribution in the Software Industry

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

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

MindArk PE 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.

MindArk PE 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. 2021 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4.158	+	2.74)	/	2 )	/	37.679	*	365
=	3.449					/	37.679	*	365
=	33.41

MindArk PE AB'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
=	( (2.827	+	2.74)	/	2 )	/	5.923	*	365 / 4
=	2.7835					/	5.923	*	365 / 4
=	42.88

MindArk PE AB Days Payable Related Terms

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MindArk PE AB (XSAT:MNDRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MindArk PE AB (XSAT:MNDRK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Masthamnsgatan 5, Gothenburg, SWE, SE 413 27

Website

https://www.mindark.com

MindArk PE AB develops and operates Entropia Universe and the Entropia Platform. Entropia Universe is a 3D internet virtual universe with an integrated economic system and stunning graphics. The client software is free-of-charge and available to anyone with internet access. The Entropia Platform is a secure entertainment and business platform, enabling companies and organizations all over the world to build content on themed planets inside Entropia Universe.

MindArk PE AB (XSAT:MNDRK) Headlines

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