NGS Group AB (OSTO:NGS) Days Payable : 21.84 (As of Mar. 2024)

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What is NGS Group AB Days Payable?

NGS Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr24.3 Mil. NGS Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr101.6 Mil. Hence, NGS Group AB's Days Payable for the three months ended in Mar. 2024 was 21.84.

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

OSTO:NGS' s Days Payable Range Over the Past 10 Years
Min: 8.55 Med: 11.37 Max: 18.12
Current: 18.12

During the past 12 years, NGS Group AB's highest Days Payable was 18.12. The lowest was 8.55. And the median was 11.37.

OSTO:NGS's Days Payable is ranked worse than
80.97% of 925 companies
in the Business Services industry
Industry Median: 47.75 vs OSTO:NGS: 18.12

NGS Group AB's Days Payable increased from Mar. 2023 (13.03) to Mar. 2024 (21.84). It may suggest that NGS Group AB delayed paying its suppliers.

NGS Group AB Days Payable Historical Data

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

NGS Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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11.78

12.09

10.95

10.56

16.44

NGS Group AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															13.03	14.68	15.96	22.14	21.84

Competitive Comparison of NGS Group AB's Days Payable

For the Staffing & Employment Services subindustry, NGS 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.

NGS Group AB's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, NGS Group AB's Days Payable distribution charts can be found below:

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

NGS 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.

NGS 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
=	( (16.026	+	28.531)	/	2 )	/	494.744	*	365
=	22.2785					/	494.744	*	365
=	16.44

NGS 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
=	( (28.531	+	20.125)	/	2 )	/	101.649	*	365 / 4
=	24.328					/	101.649	*	365 / 4
=	21.84

NGS Group AB Days Payable Related Terms

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