Addnode Group AB (CHIX:ANODBS) Days Payable : 37.74 (As of Mar. 2024)

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What is Addnode Group AB Days Payable?

Addnode Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr541 Mil. Addnode Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1,308 Mil. Hence, Addnode Group AB's Days Payable for the three months ended in Mar. 2024 was 37.74.

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

CHIX:ANODBs' s Days Payable Range Over the Past 10 Years
Min: 21.57 Med: 24.44 Max: 36.66
Current: 36.66

During the past 13 years, Addnode Group AB's highest Days Payable was 36.66. The lowest was 21.57. And the median was 24.44.

CHIX:ANODBs's Days Payable is ranked worse than
60.06% of 2531 companies
in the Software industry
Industry Median: 50.16 vs CHIX:ANODBs: 36.66

Addnode Group AB's Days Payable declined from Mar. 2023 (55.40) to Mar. 2024 (37.74). It may suggest that Addnode Group AB accelerated paying its suppliers.

Addnode Group AB Days Payable Historical Data

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

Addnode Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.78

21.57

28.22

33.92

34.82

Addnode 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															55.40	-	-	29.00	37.74

Competitive Comparison of Addnode Group AB's Days Payable

For the Information Technology Services subindustry, Addnode 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.

Addnode Group AB's Days Payable Distribution in the Software Industry

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

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

Addnode 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.

Addnode 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
=	( (626	+	541)	/	2 )	/	6116	*	365
=	583.5					/	6116	*	365
=	34.82

Addnode 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
=	( (541	+	0)	/	1 )	/	1308	*	365 / 4
=	541					/	1308	*	365 / 4
=	37.74

Addnode Group AB Days Payable Related Terms

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Addnode Group AB (CHIX:ANODBS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Addnode Group AB (CHIX:ANODBs) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ANOD B:Sweden AR7:Germany

Address

Hudiksvallsgatan 4B, Stockholm, SWE, 113 30

Website

http://www.addnodegroup.com

Addnode Group AB is a supplier of software and services for design, construction, and product data information clients in Sweden. Its operations are divided into three business divisions: The Design Management business, which accounts for the maximum share of revenue; The Product Lifecycle Management (PLM) and The Process Management business. The company has its primary operations in Sweden.

Addnode Group AB (CHIX:ANODBS) Headlines

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