Lemonsoft Oyj (OHEL:LEMON) Days Payable : 30.03 (As of Mar. 2024)

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What is Lemonsoft Oyj Days Payable?

Lemonsoft Oyj's average Accounts Payable for the three months ended in Mar. 2024 was €1.57 Mil. Lemonsoft Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was €4.76 Mil. Hence, Lemonsoft Oyj's Days Payable for the three months ended in Mar. 2024 was 30.03.

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

OHEL:LEMON' s Days Payable Range Over the Past 10 Years
Min: 16.54 Med: 30.59 Max: 119.88
Current: 119.88

During the past 6 years, Lemonsoft Oyj's highest Days Payable was 119.88. The lowest was 16.54. And the median was 30.59.

OHEL:LEMON's Days Payable is ranked better than
73.26% of 2536 companies
in the Software industry
Industry Median: 50.1 vs OHEL:LEMON: 119.88

Lemonsoft Oyj's Days Payable declined from Mar. 2023 (92.71) to Mar. 2024 (30.03). It may suggest that Lemonsoft Oyj accelerated paying its suppliers.

Lemonsoft Oyj Days Payable Historical Data

The historical data trend for Lemonsoft Oyj'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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Lemonsoft Oyj Days Payable Chart

Lemonsoft Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.70

25.42

35.75

37.67

37.86

Lemonsoft Oyj Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												92.71	190.86	255.51	61.71	30.03

Competitive Comparison of Lemonsoft Oyj's Days Payable

For the Software - Application subindustry, Lemonsoft Oyj'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.

Lemonsoft Oyj's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Lemonsoft Oyj's Days Payable falls into.

Lemonsoft Oyj 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.

Lemonsoft Oyj'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
=	( (1.246	+	1.567)	/	2 )	/	13.56	*	365
=	1.4065					/	13.56	*	365
=	37.86

Lemonsoft Oyj'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
=	( (1.567	+	0)	/	1 )	/	4.761	*	365 / 4
=	1.567					/	4.761	*	365 / 4
=	30.03

Lemonsoft Oyj Days Payable Related Terms

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Lemonsoft Oyj (OHEL:LEMON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lemonsoft Oyj (OHEL:LEMON) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

M36:Germany

Address

Vaasanpuistikko 20 A 4.krs, Vaasa, FIN, 65100

Website

https://www.lemonsoft.fi

Lemonsoft Oyj is a Finnish software company that designs, develops, and sells ERP software solutions to streamline its customers' processes across different business lines and administration.

Lemonsoft Oyj (OHEL:LEMON) Headlines

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