24SevenOffice Group AB (24SevenOffice Group AB) Days Payable : 20.84 (As of Mar. 2024)

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What is 24SevenOffice Group AB Days Payable?

24SevenOffice Group AB's average Accounts Payable for the three months ended in Mar. 2024 was $0.96 Mil. 24SevenOffice Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $4.20 Mil. Hence, 24SevenOffice Group AB's Days Payable for the three months ended in Mar. 2024 was 20.84.

The historical rank and industry rank for 24SevenOffice Group AB's Days Payable or its related term are showing as below:

TFSVF' s Days Payable Range Over the Past 10 Years
Min: 24.12 Med: 46.2 Max: 68.32
Current: 25.52

During the past 8 years, 24SevenOffice Group AB's highest Days Payable was 68.32. The lowest was 24.12. And the median was 46.20.

TFSVF's Days Payable is ranked worse than
72.99% of 2536 companies
in the Software industry
Industry Median: 50.42 vs TFSVF: 25.52

24SevenOffice Group AB's Days Payable increased from Mar. 2023 (19.94) to Mar. 2024 (20.84). It may suggest that 24SevenOffice Group AB delayed paying its suppliers.

24SevenOffice Group AB Days Payable Historical Data

The historical data trend for 24SevenOffice 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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24SevenOffice Group AB Days Payable Chart

24SevenOffice Group AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.46

62.96

48.64

27.55

24SevenOffice 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															19.94	24.56	20.84	42.56	20.84

Competitive Comparison of 24SevenOffice Group AB's Days Payable

For the Software - Application subindustry, 24SevenOffice 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.

24SevenOffice Group AB's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, 24SevenOffice Group AB's Days Payable distribution charts can be found below:

* The bar in red indicates where 24SevenOffice Group AB's Days Payable falls into.

24SevenOffice 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.

24SevenOffice 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
=	( (0	+	0)	/	1 )	/	17.627	*	365
=	0					/	17.627	*	365
=	0.00

24SevenOffice 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
=	( (0	+	0.959)	/	1 )	/	4.2	*	365 / 4
=	0.959					/	4.2	*	365 / 4
=	20.84

24SevenOffice Group AB Days Payable Related Terms

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24SevenOffice Group AB (24SevenOffice Group AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 24SevenOffice Group AB (GREY:TFSVF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

247:Sweden 719:Germany

Address

Dobelnsgatan 24, Stockholm, SWE, 11352

Website

https://www.24sevenoffice.com

24SevenOffice Group AB provides enterprise resource planning through cloud-based services and software as a service (SaaS). The company offers solutions mainly to small and medium-sized enterprises. It provides business with customer relationship management, Finance and Accounting software, Payroll, Project management, Time registration, and Reporting and travel expenses.

24SevenOffice Group AB (24SevenOffice Group AB) Headlines

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