Vultus AB (XSAT:VULTS) Days Payable : 53.54 (As of Mar. 2024)

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What is Vultus AB Days Payable?

Vultus AB's average Accounts Payable for the three months ended in Mar. 2024 was kr0.59 Mil. Vultus AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1.00 Mil. Hence, Vultus AB's Days Payable for the three months ended in Mar. 2024 was 53.54.

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

XSAT:VULTS' s Days Payable Range Over the Past 10 Years
Min: 2.04 Med: 4.51 Max: 51.23
Current: 51.23

During the past 4 years, Vultus AB's highest Days Payable was 51.23. The lowest was 2.04. And the median was 4.51.

XSAT:VULTS's Days Payable is ranked better than
50.71% of 2526 companies
in the Software industry
Industry Median: 49.695 vs XSAT:VULTS: 51.23

Vultus AB's Days Payable increased from Mar. 2023 (10.19) to Mar. 2024 (53.54). It may suggest that Vultus AB delayed paying its suppliers.

Vultus AB Days Payable Historical Data

The historical data trend for Vultus 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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Vultus AB Days Payable Chart

Vultus AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

2.04

3.65

5.36

21.96

Vultus AB Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								10.19	52.22	43.08	111.02	53.54

Competitive Comparison of Vultus AB's Days Payable

For the Information Technology Services subindustry, Vultus 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.

Vultus AB's Days Payable Distribution in the Software Industry

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

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

Vultus 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.

Vultus 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
=	( (0.124	+	0.483)	/	2 )	/	5.044	*	365
=	0.3035					/	5.044	*	365
=	21.96

Vultus 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
=	( (0.483	+	0.694)	/	2 )	/	1.003	*	365 / 4
=	0.5885					/	1.003	*	365 / 4
=	53.54

Vultus AB Days Payable Related Terms

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Vultus AB (XSAT:VULTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vultus AB (XSAT:VULTS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Scheelevagen 15, Lund, SWE, 223 63

Website

https://www.vultus.se

Vultus AB is an IT company. The company specializes in the development of digital platforms. The digital solutions consist, for example, of a fertilizer guide for farmers. Based on satellite and weather data, field-specific maps are created for spreading fertilizer, unique to the different needs of each field. Its products comprise of Nitrogen Prescriptions, Crop Specific Plant Health, Water Stress, and Soil Moisture.

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