Asetek A/S (OSL:ASTK) Days Payable : 95.72 (As of Jun. 2023)

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What is Asetek A/S Days Payable?

Asetek A/S's average Accounts Payable for the three months ended in Jun. 2023 was kr151.7 Mil. Asetek A/S's Cost of Goods Sold for the three months ended in Jun. 2023 was kr144.7 Mil. Hence, Asetek A/S's Days Payable for the three months ended in Jun. 2023 was 95.72.

The historical rank and industry rank for Asetek A/S's Days Payable or its related term are showing as below:

OSL:ASTK' s Days Payable Range Over the Past 10 Years
Min: 66.75 Med: 94.99 Max: 385.8
Current: 385.8

During the past 13 years, Asetek A/S's highest Days Payable was 385.80. The lowest was 66.75. And the median was 94.99.

OSL:ASTK's Days Payable is ranked better than
97.07% of 2420 companies
in the Hardware industry
Industry Median: 68.065 vs OSL:ASTK: 385.80

Asetek A/S's Days Payable declined from Sep. 2021 (132.10) to Jun. 2023 (95.72). It may suggest that Asetek A/S accelerated paying its suppliers.

Asetek A/S Days Payable Historical Data

The historical data trend for Asetek A/S'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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Asetek A/S Days Payable Chart

Asetek A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.76

107.33

126.48

168.77

108.97

Asetek A/S Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															134.71	134.26	-	95.72	-

Competitive Comparison of Asetek A/S's Days Payable

For the Computer Hardware subindustry, Asetek A/S'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.

Asetek A/S's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Asetek A/S's Days Payable distribution charts can be found below:

* The bar in red indicates where Asetek A/S's Days Payable falls into.

Asetek A/S 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.

Asetek A/S'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
=	( (106.982	+	155.203)	/	2 )	/	439.108	*	365
=	131.0925					/	439.108	*	365
=	108.97

Asetek A/S's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (106.982	+	196.494)	/	2 )	/	144.65	*	365 / 4
=	151.738					/	144.65	*	365 / 4
=	95.72

Asetek A/S Days Payable Related Terms

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Asetek A/S (OSL:ASTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Asetek A/S (OSL:ASTK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ASETEKo:Sweden ASTK:Denmark A31:Germany

Address

Assensvej 2, Aalborg East, Aalborg, DNK, DK-9220

Website

https://www.asetek.com

Asetek A/S designs develop and market liquid cooling products. It operates in three segments: Liquid Cooling, Data center, and SimSports. The company generates maximum revenue from the Liquid Cooling segment. Geographically, it derives a majority of its revenue from Taiwan and also has a presence in Denmark; China; Singapore; USA; Japan, and others.

Asetek A/S (OSL:ASTK) Headlines

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