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TCECUR Sweden AB (NGM:TCC A) Days Payable : 65.19 (As of Mar. 2024)


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What is TCECUR Sweden AB Days Payable?

TCECUR Sweden AB's average Accounts Payable for the three months ended in Mar. 2024 was kr57.8 Mil. TCECUR Sweden AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr80.9 Mil. Hence, TCECUR Sweden AB's Days Payable for the three months ended in Mar. 2024 was 65.19.

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

NGM:TCC A' s Days Payable Range Over the Past 10 Years
Min: 51.91   Med: 58.1   Max: 81.56
Current: 58.17

During the past 9 years, TCECUR Sweden AB's highest Days Payable was 81.56. The lowest was 51.91. And the median was 58.10.

NGM:TCC A's Days Payable is ranked worse than
59.67% of 2420 companies
in the Hardware industry
Industry Median: 68.065 vs NGM:TCC A: 58.17

TCECUR Sweden AB's Days Payable increased from Mar. 2023 (60.78) to Mar. 2024 (65.19). It may suggest that TCECUR Sweden AB delayed paying its suppliers.


TCECUR Sweden AB Days Payable Historical Data

The historical data trend for TCECUR Sweden 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.

* Premium members only.

TCECUR Sweden AB Days Payable Chart

TCECUR Sweden AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only 54.76 59.65 55.54 58.10 67.16

TCECUR Sweden 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 60.78 52.99 60.15 50.47 65.19

Competitive Comparison of TCECUR Sweden AB's Days Payable

For the Communication Equipment subindustry, TCECUR Sweden 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.


TCECUR Sweden AB's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TCECUR Sweden AB's Days Payable distribution charts can be found below:

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



TCECUR Sweden 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.

TCECUR Sweden 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
=( (53.706 + 52.946) / 2 ) / 289.828*365
=53.326 / 289.828*365
=67.16

TCECUR Sweden 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
=( (52.946 + 62.685) / 2 ) / 80.923*365 / 4
=57.8155 / 80.923*365 / 4
=65.19

* 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.


TCECUR Sweden AB Days Payable Related Terms

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TCECUR Sweden AB (NGM:TCC A) Business Description

Traded in Other Exchanges
N/A
Address
Torshamnsgatan 30A, Kista, SWE, 164 40
TCECUR Sweden AB is a provider of radio communications and biometric access and control systems. It is a systems integrator that provides solutions for voice and data communication in Europe. The company is engaged in the sale and installation of radio communications and related business. Its solutions include traditional digital radio communication systems such as TETRA, DMR, control room solutions, alarm systems, tunnels and indoor coverage for radio communications.

TCECUR Sweden AB (NGM:TCC A) Headlines

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