IPAS Indexo (ORSE:IDX1R) Days Payable : 83.44 (As of Mar. 2024)

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What is IPAS Indexo Days Payable?

IPAS Indexo's average Accounts Payable for the three months ended in Mar. 2024 was €0.66 Mil. IPAS Indexo's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.72 Mil. Hence, IPAS Indexo's Days Payable for the three months ended in Mar. 2024 was 83.44.

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

ORSE:IDX1R' s Days Payable Range Over the Past 10 Years
Min: 19.78 Med: 32.37 Max: 86.59
Current: 73

During the past 6 years, IPAS Indexo's highest Days Payable was 86.59. The lowest was 19.78. And the median was 32.37.

ORSE:IDX1R's Days Payable is ranked better than
50.42% of 472 companies
in the Asset Management industry
Industry Median: 70.635 vs ORSE:IDX1R: 73.00

IPAS Indexo's Days Payable increased from Mar. 2023 (29.03) to Mar. 2024 (83.44). It may suggest that IPAS Indexo delayed paying its suppliers.

IPAS Indexo Days Payable Historical Data

The historical data trend for IPAS Indexo'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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IPAS Indexo Days Payable Chart

IPAS Indexo Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.48

19.78

29.13

35.60

86.59

IPAS Indexo Quarterly Data
	Dec18	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									29.03	28.69	29.95	-	83.44

Competitive Comparison of IPAS Indexo's Days Payable

For the Asset Management subindustry, IPAS Indexo'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.

IPAS Indexo's Days Payable Distribution in the Asset Management Industry

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

* The bar in red indicates where IPAS Indexo's Days Payable falls into.

IPAS Indexo 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.

IPAS Indexo'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
=	( (0.145	+	0.682)	/	2 )	/	1.743	*	365
=	0.4135					/	1.743	*	365
=	86.59

IPAS Indexo'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
=	( (0.682	+	0.642)	/	2 )	/	0.724	*	365 / 4
=	0.662					/	0.724	*	365 / 4
=	83.44

IPAS Indexo Days Payable Related Terms

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IPAS Indexo (ORSE:IDX1R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IPAS Indexo (ORSE:IDX1R) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1A Elizabetes Street, Riga, LVA, 1010

Website

https://www.indexo.lv

IPAS Indexo is a licensed investment management company. INDEXO has revolutionized the pension administration market, now the company is working to do the same in the banking sector and establish a new, strong, modern, and customer-friendly bank. Its products include the 2nd pension level and 3. pension level.

IPAS Indexo (ORSE:IDX1R) Headlines

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