Glunz & Jensen Holding A/S (OCSE:GJ) Days Payable : 30.16 (As of Dec. 2023)

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What is Glunz & Jensen Holding A/S Days Payable?

Glunz & Jensen Holding A/S's average Accounts Payable for the six months ended in Dec. 2023 was kr9.2 Mil. Glunz & Jensen Holding A/S's Cost of Goods Sold for the six months ended in Dec. 2023 was kr55.4 Mil. Hence, Glunz & Jensen Holding A/S's Days Payable for the six months ended in Dec. 2023 was 30.16.

The historical rank and industry rank for Glunz & Jensen Holding A/S's Days Payable or its related term are showing as below:

OCSE:GJ' s Days Payable Range Over the Past 10 Years
Min: 29.96 Med: 51.24 Max: 62.69
Current: 29.96

During the past 13 years, Glunz & Jensen Holding A/S's highest Days Payable was 62.69. The lowest was 29.96. And the median was 51.24.

OCSE:GJ's Days Payable is ranked worse than
88.97% of 2937 companies
in the Industrial Products industry
Industry Median: 76.66 vs OCSE:GJ: 29.96

Glunz & Jensen Holding A/S's Days Payable declined from Sep. 2022 (49.77) to Dec. 2023 (30.16). It may suggest that Glunz & Jensen Holding A/S accelerated paying its suppliers.

Glunz & Jensen Holding A/S Days Payable Historical Data

The historical data trend for Glunz & Jensen Holding A/S'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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Glunz & Jensen Holding A/S Days Payable Chart

Glunz & Jensen Holding A/S Annual Data

Trend

May13

May14

May15

May16

May17

Mar19

Mar20

Mar21

Mar22

Dec23

Days Payable

Get a 7-Day Free Trial

48.04

53.68

52.25

40.99

34.39

Glunz & Jensen Holding A/S Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															45.52	38.02	49.77	40.66	30.16

Competitive Comparison of Glunz & Jensen Holding A/S's Days Payable

For the Specialty Industrial Machinery subindustry, Glunz & Jensen Holding A/S'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.

Glunz & Jensen Holding A/S's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Glunz & Jensen Holding A/S's Days Payable distribution charts can be found below:

* The bar in red indicates where Glunz & Jensen Holding A/S's Days Payable falls into.

Glunz & Jensen Holding A/S 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.

Glunz & Jensen Holding A/S'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: Mar. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (13.105	+	7.9)	/	2 )	/	111.462	*	365
=	10.5025					/	111.462	*	365
=	34.39

Glunz & Jensen Holding A/S'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
=	( (10.4	+	7.9)	/	2 )	/	55.362	*	365 / 2
=	9.15					/	55.362	*	365 / 2
=	30.16

Glunz & Jensen Holding A/S Days Payable Related Terms

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Glunz & Jensen Holding A/S (OCSE:GJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Glunz & Jensen Holding A/S (OCSE:GJ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Selandia Park 1, Ringsted, DNK, DK-4100

Website

https://www.glunz-jensen.com

Glunz & Jensen Holding A/S is active in the press industry. The company sells and develops hardware, where production is controlled from the company's facilities around Europe, the USA, and China. In addition to press services, the company provides aftermarket services and related products, including assembly tables and display units. The company is headquartered in Ringsted. Product area Flexo and Product area Offset, are both part of the Prepress market. All products and services are connected to setters and printing equipment. Geographically, the majority is from the EMEA (Europe, Middle East, Africa).

Glunz & Jensen Holding A/S (OCSE:GJ) Headlines

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