L-KONZEPT Holding AG (FRA:LKB) Days Payable : 38.83 (As of Jun. 2023)

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What is L-KONZEPT Holding AG Days Payable?

L-KONZEPT Holding AG's average Accounts Payable for the six months ended in Jun. 2023 was €0.01 Mil. L-KONZEPT Holding AG's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.05 Mil. Hence, L-KONZEPT Holding AG's Days Payable for the six months ended in Jun. 2023 was 38.83.

The historical rank and industry rank for L-KONZEPT Holding AG's Days Payable or its related term are showing as below:

FRA:LKB' s Days Payable Range Over the Past 10 Years
Min: 5.8 Med: 32.58 Max: 240.73
Current: 38.2

During the past 13 years, L-KONZEPT Holding AG's highest Days Payable was 240.73. The lowest was 5.80. And the median was 32.58.

FRA:LKB's Days Payable is ranked worse than
69.53% of 466 companies
in the Asset Management industry
Industry Median: 71.64 vs FRA:LKB: 38.20

L-KONZEPT Holding AG's Days Payable declined from Jun. 2022 (65.59) to Jun. 2023 (38.83). It may suggest that L-KONZEPT Holding AG accelerated paying its suppliers.

L-KONZEPT Holding AG Days Payable Historical Data

The historical data trend for L-KONZEPT Holding AG'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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L-KONZEPT Holding AG Days Payable Chart

L-KONZEPT Holding AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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240.73

33.60

113.15

130.71

71.97

L-KONZEPT Holding AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															110.46	61.66	65.59	44.46	38.83

Competitive Comparison of L-KONZEPT Holding AG's Days Payable

For the Asset Management subindustry, L-KONZEPT Holding AG'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.

L-KONZEPT Holding AG's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, L-KONZEPT Holding AG's Days Payable distribution charts can be found below:

* The bar in red indicates where L-KONZEPT Holding AG's Days Payable falls into.

L-KONZEPT Holding AG 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.

L-KONZEPT Holding AG's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.016	+	0.012)	/	2 )	/	0.071	*	365
=	0.014					/	0.071	*	365
=	71.97

L-KONZEPT Holding AG's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.012	+	0.008)	/	2 )	/	0.047	*	365 / 2
=	0.01					/	0.047	*	365 / 2
=	38.83

L-KONZEPT Holding AG Days Payable Related Terms

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L-KONZEPT Holding AG (FRA:LKB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » L-KONZEPT Holding AG (FRA:LKB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LKB:Germany

Address

Suedliche Muenchner Strasse 2a, Gruenwald, DEU

Website

http://www.l-konzept.ag

L-KONZEPT Holding AG is a Germany-based firm. Its business activities includes financing or acquiring a majority stake in companies in the real estate industry. It founds, acquires or invests in operating property developers and project companies and promotes their business success with management, financing and controlling services.

L-KONZEPT Holding AG (FRA:LKB) Headlines

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