Movinn AS (OCSE:MOVINN) Days Payable : 4.14 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Movinn AS Days Payable?

Movinn AS's average Accounts Payable for the three months ended in Mar. 2024 was kr0.75 Mil. Movinn AS's Cost of Goods Sold for the three months ended in Mar. 2024 was kr16.61 Mil. Hence, Movinn AS's Days Payable for the three months ended in Mar. 2024 was 4.14.

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

OCSE:MOVINN' s Days Payable Range Over the Past 10 Years
Min: 4.04 Med: 7.27 Max: 8.5
Current: 4.04

During the past 5 years, Movinn AS's highest Days Payable was 8.50. The lowest was 4.04. And the median was 7.27.

OCSE:MOVINN's Days Payable is ranked worse than
97.39% of 1572 companies
in the Real Estate industry
Industry Median: 99.68 vs OCSE:MOVINN: 4.04

Movinn AS's Days Payable declined from Mar. 2023 (5.90) to Mar. 2024 (4.14). It may suggest that Movinn AS accelerated paying its suppliers.

Movinn AS Days Payable Historical Data

The historical data trend for Movinn AS'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.

Movinn AS Days Payable Chart

Movinn AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

6.98

7.55

8.50

6.11

Movinn AS Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											5.90	4.25	4.60	4.03	4.14

Competitive Comparison of Movinn AS's Days Payable

For the Real Estate Services subindustry, Movinn AS'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.

Movinn AS's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Movinn AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Movinn AS's Days Payable falls into.

Movinn AS 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.

Movinn AS'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
=	( (1.372	+	0.964)	/	2 )	/	69.769	*	365
=	1.168					/	69.769	*	365
=	6.11

Movinn AS'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
=	( (0.964	+	0.543)	/	2 )	/	16.611	*	365 / 4
=	0.7535					/	16.611	*	365 / 4
=	4.14

Movinn AS Days Payable Related Terms

Thank you for viewing the detailed overview of Movinn AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Movinn AS (OCSE:MOVINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Movinn AS (OCSE:MOVINN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dronningens Tvaergade 9B, 1, Copenhagen, DNK, DK-1302

Website

https://www.movinn.com

Movinn AS is a provider of fully serviced apartments. It delivers services to mainly large domestic and international corporations and organizations. Its products are Serviced Apartments, Coliving, and Collective Yoyo, and the majority of the revenue comes from Serviced Apartments. Its Product is available in Denmark, Sweden, and Germany. The majority of the revenue comes from Denmark.

Movinn AS (OCSE:MOVINN) Headlines

No Headlines