Eik fasteignafelag hf (OISE:EIK) Days Payable : 176.23 (As of Mar. 2024)

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What is Eik fasteignafelag hf Days Payable?

Eik fasteignafelag hf's average Accounts Payable for the three months ended in Mar. 2024 was kr1,899 Mil. Eik fasteignafelag hf's Cost of Goods Sold for the three months ended in Mar. 2024 was kr983 Mil. Hence, Eik fasteignafelag hf's Days Payable for the three months ended in Mar. 2024 was 176.23.

The historical rank and industry rank for Eik fasteignafelag hf's Days Payable or its related term are showing as below:

OISE:EIK' s Days Payable Range Over the Past 10 Years
Min: 24.46 Med: 36.16 Max: 450.05
Current: 450.05

During the past 13 years, Eik fasteignafelag hf's highest Days Payable was 450.05. The lowest was 24.46. And the median was 36.16.

OISE:EIK's Days Payable is ranked better than
86.45% of 1579 companies
in the Real Estate industry
Industry Median: 97.33 vs OISE:EIK: 450.05

Eik fasteignafelag hf's Days Payable declined from Mar. 2023 (215.72) to Mar. 2024 (176.23). It may suggest that Eik fasteignafelag hf accelerated paying its suppliers.

Eik fasteignafelag hf Days Payable Historical Data

The historical data trend for Eik fasteignafelag hf'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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Eik fasteignafelag hf Days Payable Chart

Eik fasteignafelag hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.46

26.45

34.76

31.79

94.37

Eik fasteignafelag hf 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															215.72	296.36	-	-	176.23

Competitive Comparison of Eik fasteignafelag hf's Days Payable

For the Real Estate Services subindustry, Eik fasteignafelag hf'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.

Eik fasteignafelag hf's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Eik fasteignafelag hf's Days Payable distribution charts can be found below:

* The bar in red indicates where Eik fasteignafelag hf's Days Payable falls into.

Eik fasteignafelag hf 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.

Eik fasteignafelag hf'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
=	( (242	+	1787)	/	2 )	/	3924	*	365
=	1014.5					/	3924	*	365
=	94.37

Eik fasteignafelag hf'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
=	( (1787	+	2010)	/	2 )	/	983	*	365 / 4
=	1898.5					/	983	*	365 / 4
=	176.23

Eik fasteignafelag hf Days Payable Related Terms

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Eik fasteignafelag hf (OISE:EIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Eik fasteignafelag hf (OISE:EIK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soltun 26, Reykjavik, ISL, 105

Website

https://www.eik.is

Eik fasteignafelag hf is a real estate company. The company owns and leases real estate properties. Its real estate portfolio consists of housing, retail and office space in the business areas. It also engaged in leasing of commercial real estate. It offers spaces for offices, warehouses and retail spaces in both urban and rural area.

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