NorCom Information Technology GmbH KGaA (XTER:NC5A) Days Payable : 25.41 (As of Dec. 2023)

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What is NorCom Information Technology GmbH KGaA Days Payable?

NorCom Information Technology GmbH KGaA's average Accounts Payable for the six months ended in Dec. 2023 was €0.27 Mil. NorCom Information Technology GmbH KGaA's Cost of Goods Sold for the six months ended in Dec. 2023 was €1.94 Mil. Hence, NorCom Information Technology GmbH KGaA's Days Payable for the six months ended in Dec. 2023 was 25.41.

The historical rank and industry rank for NorCom Information Technology GmbH KGaA's Days Payable or its related term are showing as below:

XTER:NC5A' s Days Payable Range Over the Past 10 Years
Min: 15.39 Med: 35.45 Max: 95.23
Current: 20.47

During the past 13 years, NorCom Information Technology GmbH KGaA's highest Days Payable was 95.23. The lowest was 15.39. And the median was 35.45.

XTER:NC5A's Days Payable is ranked worse than
77.18% of 929 companies
in the Business Services industry
Industry Median: 46.74 vs XTER:NC5A: 20.47

NorCom Information Technology GmbH KGaA's Days Payable increased from Dec. 2022 (21.72) to Dec. 2023 (25.41). It may suggest that NorCom Information Technology GmbH KGaA delayed paying its suppliers.

NorCom Information Technology GmbH KGaA Days Payable Historical Data

The historical data trend for NorCom Information Technology GmbH KGaA'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.

NorCom Information Technology GmbH KGaA Days Payable Chart

NorCom Information Technology GmbH KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.93

29.26

15.95

15.39

24.71

NorCom Information Technology GmbH KGaA 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															13.44	8.75	21.72	13.85	25.41

Competitive Comparison of NorCom Information Technology GmbH KGaA's Days Payable

For the Specialty Business Services subindustry, NorCom Information Technology GmbH KGaA'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.

NorCom Information Technology GmbH KGaA's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, NorCom Information Technology GmbH KGaA's Days Payable distribution charts can be found below:

* The bar in red indicates where NorCom Information Technology GmbH KGaA's Days Payable falls into.

NorCom Information Technology GmbH KGaA 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.

NorCom Information Technology GmbH KGaA'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
=	( (0.299	+	0.377)	/	2 )	/	4.992	*	365
=	0.338					/	4.992	*	365
=	24.71

NorCom Information Technology GmbH KGaA'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
=	( (0.164	+	0.377)	/	2 )	/	1.943	*	365 / 2
=	0.2705					/	1.943	*	365 / 2
=	25.41

NorCom Information Technology GmbH KGaA Days Payable Related Terms

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NorCom Information Technology GmbH KGaA (XTER:NC5A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » NorCom Information Technology GmbH & Co KGaA (XTER:NC5A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NC5A:Germany NC5A:Germany

Address

Gabelsbergerstrasse 4, Munich, BY, DEU, 80333

Website

http://www.norcom.de

NorCom Information Technology GmbH & Co KGaA develops and implements AI solutions for international companies. NorCom offers technological solutions for issues that pose challenges to almost all large corporations and large public administrations: Fast, secure work with and exchange of large amounts of data, information governance, legally compliant data lifecycle management, and the use of artificial intelligence and data analytics in the mentioned areas. NorCom offers a complete range consisting of large data and AI solutions. The services include data science consulting, software development, infrastructure services, and the software solution DaSense.

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