Adesso SE (XTER:ADN1) Days Payable : 22.23 (As of Dec. 2023)

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What is Adesso SE Days Payable?

Adesso SE's average Accounts Payable for the six months ended in Dec. 2023 was €42 Mil. Adesso SE's Cost of Goods Sold for the six months ended in Dec. 2023 was €348 Mil. Hence, Adesso SE's Days Payable for the six months ended in Dec. 2023 was 22.23.

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

XTER:ADN1' s Days Payable Range Over the Past 10 Years
Min: 16.82 Med: 20.06 Max: 24.48
Current: 19.06

During the past 13 years, Adesso SE's highest Days Payable was 24.48. The lowest was 16.82. And the median was 20.06.

XTER:ADN1's Days Payable is ranked worse than
80.92% of 2531 companies
in the Software industry
Industry Median: 50.36 vs XTER:ADN1: 19.06

Adesso SE's Days Payable declined from Dec. 2022 (24.01) to Dec. 2023 (22.23). It may suggest that Adesso SE accelerated paying its suppliers.

Adesso SE Days Payable Historical Data

The historical data trend for Adesso SE'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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Adesso SE Days Payable Chart

Adesso SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.96

16.82

18.09

20.41

19.93

Adesso SE Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															21.42	17.24	24.01	15.91	22.23

Competitive Comparison of Adesso SE's Days Payable

For the Information Technology Services subindustry, Adesso SE'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.

Adesso SE's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Adesso SE's Days Payable falls into.

Adesso SE 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.

Adesso SE'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
=	( (42.333	+	46.335)	/	2 )	/	811.768	*	365
=	44.334					/	811.768	*	365
=	19.93

Adesso SE'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (38.5	+	46.335)	/	2 )	/	348.286	*	365 / 2
=	42.4175					/	348.286	*	365 / 2
=	22.23

Adesso SE Days Payable Related Terms

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Adesso SE (XTER:ADN1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Adesso SE (XTER:ADN1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ADN1d:UK

Address

Adessoplatz 1, Dortmund, NW, DEU, 44269

Website

https://www.adesso.de

Adesso SE is a German IT service provider company. The company offers consulting and software development services for optimising core business processes. It also offers ready-to-use software products for standard applications. The company generates most of its sales revenue through consulting and software development in Germany. It has two segments, namely, IT Services and IT Solutions. The IT Services segment offers customised, project-oriented services in the areas of consulting and software development. The IT Solutions segment markets its own solutions as homegrown products or standard software products. The IT service segment generates majority of revenue.

Executives

Prof. Dr. Volker Gruhn	Supervisory Board
Michael Kenfenheuer	Board of Directors
Rainer Rudolf	Supervisory Board

Adesso SE (XTER:ADN1) Headlines

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