Gomero Group AB (XSAT:GOMERO) Days Payable : 51.26 (As of Dec. 2023)

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What is Gomero Group AB Days Payable?

Gomero Group AB's average Accounts Payable for the three months ended in Dec. 2023 was kr2.49 Mil. Gomero Group AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr4.43 Mil. Hence, Gomero Group AB's Days Payable for the three months ended in Dec. 2023 was 51.26.

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

XSAT:GOMERO' s Days Payable Range Over the Past 10 Years
Min: 50.46 Med: 58.09 Max: 77.81
Current: 68.44

During the past 7 years, Gomero Group AB's highest Days Payable was 77.81. The lowest was 50.46. And the median was 58.09.

XSAT:GOMERO's Days Payable is ranked worse than
56.01% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs XSAT:GOMERO: 68.44

Gomero Group AB's Days Payable declined from Dec. 2022 (71.05) to Dec. 2023 (51.26). It may suggest that Gomero Group AB accelerated paying its suppliers.

Gomero Group AB Days Payable Historical Data

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

Gomero Group AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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76.75

50.91

77.81

74.75

58.09

Gomero Group AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															71.05	99.81	60.76	97.03	51.26

Competitive Comparison of Gomero Group AB's Days Payable

For the Pollution & Treatment Controls subindustry, Gomero 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.

Gomero Group AB's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gomero Group AB's Days Payable distribution charts can be found below:

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

Gomero 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.

Gomero 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
=	( (2.038	+	2.027)	/	2 )	/	12.771	*	365
=	2.0325					/	12.771	*	365
=	58.09

Gomero Group AB'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.951	+	2.027)	/	2 )	/	4.431	*	365 / 4
=	2.489					/	4.431	*	365 / 4
=	51.26

Gomero Group AB Days Payable Related Terms

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Gomero Group AB (XSAT:GOMERO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gomero Group AB (XSAT:GOMERO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kampegatan 16, Gothenburg, SWE, 411 04

Website

https://www.gomero.com

Gomero Group AB is engaged in the energy sector. The company develops technical systems and associated services to be able to predict and automate maintenance in various industrial processes. The firm offers technically connected products for measurement, control and data analysis. Its customers are found in energy distribution, energy storage and energy production as well as in the electricity-intensive industry.

Gomero Group AB (XSAT:GOMERO) Headlines

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