Tura Group AB (XSAT:TURA) Days Payable : 43.77 (As of Mar. 2024)

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What is Tura Group AB Days Payable?

Tura Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr88.0 Mil. Tura Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr183.4 Mil. Hence, Tura Group AB's Days Payable for the three months ended in Mar. 2024 was 43.77.

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

XSAT:TURA' s Days Payable Range Over the Past 10 Years
Min: 35.42 Med: 40.72 Max: 50.29
Current: 38.24

During the past 3 years, Tura Group AB's highest Days Payable was 50.29. The lowest was 35.42. And the median was 40.72.

XSAT:TURA's Days Payable is ranked worse than
71.33% of 143 companies
in the Industrial Distribution industry
Industry Median: 52.76 vs XSAT:TURA: 38.24

Tura Group AB's Days Payable increased from Mar. 2023 (40.83) to Mar. 2024 (43.77). It may suggest that Tura Group AB delayed paying its suppliers.

Tura Group AB Days Payable Historical Data

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

Tura Group AB Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

35.42

40.72

50.29

Tura Group AB Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							40.83	34.79	36.01	41.99	43.77

Competitive Comparison of Tura Group AB's Days Payable

For the Industrial Distribution subindustry, Tura 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.

Tura Group AB's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Tura Group AB's Days Payable distribution charts can be found below:

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

Tura 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.

Tura 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
=	( (106.471	+	102.362)	/	2 )	/	757.919	*	365
=	104.4165					/	757.919	*	365
=	50.29

Tura 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
=	( (102.362	+	73.599)	/	2 )	/	183.426	*	365 / 4
=	87.9805					/	183.426	*	365 / 4
=	43.77

Tura Group AB Days Payable Related Terms

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Tura Group AB (XSAT:TURA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Tura Group AB (XSAT:TURA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Energigatan 15B, KUNGSBACKA, SWE, 434 37

Website

https://www.turascandinavia.com

Tura Group AB operates as a Nordic distributor mainly in Denmark, Finland, Norway and Sweden. It offers retailers primarily accessories within the area consumer electronics, audio, video, mobile, computer, photo, gaming, tv. baby and home appliances and also have a major business volume within professional photo, video and graphics.

Tura Group AB (XSAT:TURA) Headlines

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