Briox AB (NGM:BRIX) Days Payable : 50.78 (As of Mar. 2024)

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What is Briox AB Days Payable?

Briox AB's average Accounts Payable for the three months ended in Mar. 2024 was kr1.36 Mil. Briox AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr2.44 Mil. Hence, Briox AB's Days Payable for the three months ended in Mar. 2024 was 50.78.

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

NGM:BRIX' s Days Payable Range Over the Past 10 Years
Min: 25.96 Med: 46.53 Max: 332.38
Current: 39.15

During the past 13 years, Briox AB's highest Days Payable was 332.38. The lowest was 25.96. And the median was 46.53.

NGM:BRIX's Days Payable is ranked worse than
57.41% of 2531 companies
in the Software industry
Industry Median: 50.16 vs NGM:BRIX: 39.15

Briox AB's Days Payable declined from Mar. 2023 (51.32) to Mar. 2024 (50.78). It may suggest that Briox AB accelerated paying its suppliers.

Briox AB Days Payable Historical Data

The historical data trend for Briox 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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Briox AB Days Payable Chart

Briox AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.84

25.96

33.95

39.94

50.02

Briox 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															51.32	30.43	32.06	51.38	50.78

Competitive Comparison of Briox AB's Days Payable

For the Software - Infrastructure subindustry, Briox 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.

Briox AB's Days Payable Distribution in the Software Industry

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

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

Briox 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.

Briox 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
=	( (1.288	+	1.825)	/	2 )	/	11.359	*	365
=	1.5565					/	11.359	*	365
=	50.02

Briox 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
=	( (1.825	+	0.893)	/	2 )	/	2.442	*	365 / 4
=	1.359					/	2.442	*	365 / 4
=	50.78

Briox AB Days Payable Related Terms

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Briox AB (NGM:BRIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Briox AB (NGM:BRIX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sodra Jarnvagsgatan 4A, Vaxjo, SWE, 352 29

Website

http://www.briox.se

Briox AB is a SaaS company. The company offers solutions to manage the smallest businesses finances. The solutions are being sold online and through Accounting Agencies and Accountants. Briox software connects the Accountant with the business owner, and the customers are to be found within multiple industries with a focus on the service segment. Its software is available in Finland, Estonia, Latvia and Lithuania.

Briox AB (NGM:BRIX) Headlines

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