Solwers Oyj (OHEL:SOLWERS) Days Payable : 83.16 (As of Dec. 2023)

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What is Solwers Oyj Days Payable?

Solwers Oyj's average Accounts Payable for the six months ended in Dec. 2023 was €1.91 Mil. Solwers Oyj's Cost of Goods Sold for the six months ended in Dec. 2023 was €4.19 Mil. Hence, Solwers Oyj's Days Payable for the six months ended in Dec. 2023 was 83.16.

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

OHEL:SOLWERS' s Days Payable Range Over the Past 10 Years
Min: 81.73 Med: 91.43 Max: 130.99
Current: 86.34

During the past 6 years, Solwers Oyj's highest Days Payable was 130.99. The lowest was 81.73. And the median was 91.43.

OHEL:SOLWERS's Days Payable is ranked better than
57.08% of 1603 companies
in the Construction industry
Industry Median: 75.21 vs OHEL:SOLWERS: 86.34

Solwers Oyj's Days Payable declined from Dec. 2022 (182.98) to Dec. 2023 (83.16). It may suggest that Solwers Oyj accelerated paying its suppliers.

Solwers Oyj Days Payable Historical Data

The historical data trend for Solwers 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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Solwers Oyj Days Payable Chart

Solwers Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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130.99

92.03

90.82

81.73

86.34

Solwers Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					92.27	52.24	182.98	89.80	83.16

Competitive Comparison of Solwers Oyj's Days Payable

For the Engineering & Construction subindustry, Solwers 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.

Solwers Oyj's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Solwers Oyj's Days Payable distribution charts can be found below:

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

Solwers 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.

Solwers 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
=	( (1.887	+	1.908)	/	2 )	/	8.022	*	365
=	1.8975					/	8.022	*	365
=	86.34

Solwers Oyj'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	1.908)	/	1 )	/	4.187	*	365 / 2
=	1.908					/	4.187	*	365 / 2
=	83.16

Solwers Oyj Days Payable Related Terms

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Solwers Oyj (OHEL:SOLWERS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Solwers Oyj (OHEL:SOLWERS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0ST:Germany

Address

Kappelikuja 6 B, 2nd Floor, Espoo, FIN, 02200

Website

https://www.solwers.fi

Solwers Oyj is engaged in providing architecture, technical consulting, environmental monitoring, project management, circular economy, and digital solutions. It offers a wide range of design and project management solutions for building individual and sustainable environments in Finland and Sweden. In addition, its two subsidiaries offer financial services.

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