Niutech Group (NGM:NIUTEC) Days Payable : 0.00 (As of Dec. 2023)

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What is Niutech Group Days Payable?

Niutech Group's average Accounts Payable for the three months ended in Dec. 2023 was kr48.2 Mil. Niutech Group's Cost of Goods Sold for the three months ended in Dec. 2023 was kr-22.5 Mil.

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

NGM:NIUTEC' s Days Payable Range Over the Past 10 Years
Min: 43.84 Med: 84.37 Max: 128.76
Current: 119.18

During the past 4 years, Niutech Group's highest Days Payable was 128.76. The lowest was 43.84. And the median was 84.37.

NGM:NIUTEC's Days Payable is ranked better than
81.45% of 965 companies
in the Semiconductors industry
Industry Median: 51.64 vs NGM:NIUTEC: 119.18

Niutech Group's Days Payable stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00). stayed the same

Niutech Group Days Payable Historical Data

The historical data trend for Niutech Group'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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Niutech Group Days Payable Chart

Niutech Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

44.77

43.84

123.97

128.76

Niutech Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								-	47.35	52.66	84.61	-

Competitive Comparison of Niutech Group's Days Payable

For the Solar subindustry, Niutech Group'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.

Niutech Group's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Niutech Group's Days Payable distribution charts can be found below:

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

Niutech Group 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.

Niutech Group'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
=	( (16.432	+	56.045)	/	2 )	/	102.73	*	365
=	36.2385					/	102.73	*	365
=	128.76

Niutech Group'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (40.44	+	56.045)	/	2 )	/	-22.467	*	365 / 4
=	48.2425					/	-22.467	*	365 / 4
=	N/A

Niutech Group Days Payable Related Terms

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Niutech Group (NGM:NIUTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Niutech Group (NGM:NIUTEC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Skjutbanevagen 11, Orebro, SWE, 703 69

Website

https://www.sun4energy.se

Sun4Energy Group AB is engaged in designing, installing, and commissioning solar cell systems and electric car chargers, both AC and DC chargers for private individuals, companies, and municipalities. The company's goal is to contribute solutions that accelerate the transition to efficient and fossil-free energy solutions.

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