LightAir AB (NGM:LAIR) Days Payable : 75.44 (As of Jun. 2023)

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What is LightAir AB Days Payable?

LightAir AB's average Accounts Payable for the six months ended in Jun. 2023 was kr1.17 Mil. LightAir AB's Cost of Goods Sold for the six months ended in Jun. 2023 was kr2.83 Mil. Hence, LightAir AB's Days Payable for the six months ended in Jun. 2023 was 75.44.

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

NGM:LAIR' s Days Payable Range Over the Past 10 Years
Min: 24.27 Med: 53.98 Max: 241.67
Current: 55.51

During the past 10 years, LightAir AB's highest Days Payable was 241.67. The lowest was 24.27. And the median was 53.98.

NGM:LAIR's Days Payable is ranked worse than
65.03% of 2925 companies
in the Industrial Products industry
Industry Median: 76.55 vs NGM:LAIR: 55.51

LightAir AB's Days Payable increased from Jun. 2022 (55.02) to Jun. 2023 (75.44). It may suggest that LightAir AB delayed paying its suppliers.

LightAir AB Days Payable Historical Data

The historical data trend for LightAir 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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LightAir AB Days Payable Chart

LightAir AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

77.69

56.30

24.27

34.21

51.65

LightAir AB 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															33.03	35.37	55.02	49.05	75.44

Competitive Comparison of LightAir AB's Days Payable

For the Pollution & Treatment Controls subindustry, LightAir 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.

LightAir AB's Days Payable Distribution in the Industrial Products Industry

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

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

LightAir 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.

LightAir AB'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
=	( (1.016	+	1.171)	/	2 )	/	7.727	*	365
=	1.0935					/	7.727	*	365
=	51.65

LightAir AB'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
=	( (1.171	+	0)	/	1 )	/	2.833	*	365 / 2
=	1.171					/	2.833	*	365 / 2
=	75.44

LightAir AB Days Payable Related Terms

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LightAir AB (NGM:LAIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LightAir AB (NGM:LAIR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Svetsarvagen 15, 2 TR, Solna, SWE, 171 41

Website

https://www.lightair.com

LightAir AB is engaged in manufacturing and selling of air purifiers used for different industrial purposes such as traffic pollution, pet allergen, industrial pollution, smoke, and others. Its Air purifiers products include IonFlow Signature, IonFlow Evolution, IonFlow Style, IonFlow Surface, and others. The company distributes its products in Europe, Asia, and North America.

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