Abelco Investment Group AB (NGM:ABIG) Days Payable : 0.00 (As of Dec. 2023)

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What is Abelco Investment Group AB Days Payable?

Abelco Investment Group AB's average Accounts Payable for the six months ended in Dec. 2023 was kr1.25 Mil. Abelco Investment Group AB's Cost of Goods Sold for the six months ended in Dec. 2023 was kr-0.41 Mil.

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

NGM:ABIG' s Days Payable Range Over the Past 10 Years
Min: 47.93 Med: 111.76 Max: 274.83
Current: 274.83

During the past 13 years, Abelco Investment Group AB's highest Days Payable was 274.83. The lowest was 47.93. And the median was 111.76.

NGM:ABIG's Days Payable is ranked better than
76.92% of 468 companies
in the Asset Management industry
Industry Median: 69.215 vs NGM:ABIG: 274.83

Abelco Investment Group AB's Days Payable declined from Dec. 2022 (261.29) to Dec. 2023 (0.00). It may suggest that Abelco Investment Group AB accelerated paying its suppliers.

Abelco Investment Group AB Days Payable Historical Data

The historical data trend for Abelco Investment 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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Abelco Investment Group AB Days Payable Chart

Abelco Investment Group AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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94.11

151.14

65.51

128.04

245.48

Abelco Investment Group AB Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															116.30	79.61	261.29	141.31	-

Competitive Comparison of Abelco Investment Group AB's Days Payable

For the Asset Management subindustry, Abelco Investment 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.

Abelco Investment Group AB's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Abelco Investment Group AB's Days Payable distribution charts can be found below:

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

Abelco Investment 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.

Abelco Investment 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
=	( (1.855	+	0.733)	/	2 )	/	1.924	*	365
=	1.294					/	1.924	*	365
=	245.48

Abelco Investment 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.758	+	0.733)	/	2 )	/	-0.409	*	365 / 2
=	1.2455					/	-0.409	*	365 / 2
=	N/A

Abelco Investment Group AB Days Payable Related Terms

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Abelco Investment Group AB (NGM:ABIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Abelco Investment Group AB (NGM:ABIG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nybrogatan 6, Stockholm, SWE, 114 34

Website

https://www.abelco.se

Abelco Investment Group AB is an investment company and venture builder. It invests or builds companies in the digitized the growth sectors with a primary focus on the verticals Gaming / E-sports, E-commerce and Fintech.

Abelco Investment Group AB (NGM:ABIG) Headlines

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