Titanium Oyj (OHEL:TITAN) Days Payable : 16.29 (As of Dec. 2023)

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What is Titanium Oyj Days Payable?

Titanium Oyj's average Accounts Payable for the six months ended in Dec. 2023 was €0.39 Mil. Titanium Oyj's Cost of Goods Sold for the six months ended in Dec. 2023 was €4.37 Mil. Hence, Titanium Oyj's Days Payable for the six months ended in Dec. 2023 was 16.29.

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

OHEL:TITAN' s Days Payable Range Over the Past 10 Years
Min: 3.43 Med: 19.39 Max: 28.74
Current: 18.44

During the past 9 years, Titanium Oyj's highest Days Payable was 28.74. The lowest was 3.43. And the median was 19.39.

OHEL:TITAN's Days Payable is ranked worse than
81.62% of 468 companies
in the Asset Management industry
Industry Median: 68.825 vs OHEL:TITAN: 18.44

Titanium Oyj's Days Payable declined from Dec. 2022 (18.85) to Dec. 2023 (16.29). It may suggest that Titanium Oyj accelerated paying its suppliers.

Titanium Oyj Days Payable Historical Data

The historical data trend for Titanium 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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Titanium Oyj Days Payable Chart

Titanium Oyj Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.74

28.08

22.07

19.39

18.45

Titanium Oyj Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial												17.14	18.66	18.85	20.91	16.29

Competitive Comparison of Titanium Oyj's Days Payable

For the Asset Management subindustry, Titanium 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.

Titanium Oyj's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Titanium Oyj's Days Payable distribution charts can be found below:

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

Titanium 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.

Titanium 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
=	( (0.436	+	0.39)	/	2 )	/	8.172	*	365
=	0.413					/	8.172	*	365
=	18.45

Titanium 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	+	0.39)	/	1 )	/	4.368	*	365 / 2
=	0.39					/	4.368	*	365 / 2
=	16.29

Titanium Oyj Days Payable Related Terms

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Titanium Oyj (OHEL:TITAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Titanium Oyj (OHEL:TITAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aleksanterinkatu 48 B, Helsinki, FIN, 00100

Website

https://www.titanium.fi

Titanium Oyj through its subsidiaries provides investment in real estate, mutual fund operations, asset management and insurance business.

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