AVTECH Sweden AB (OSTO:AVT B) Days Payable : 38.58 (As of Mar. 2024)

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What is AVTECH Sweden AB Days Payable?

AVTECH Sweden AB's average Accounts Payable for the three months ended in Mar. 2024 was kr1.06 Mil. AVTECH Sweden AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr2.50 Mil. Hence, AVTECH Sweden AB's Days Payable for the three months ended in Mar. 2024 was 38.58.

The historical rank and industry rank for AVTECH Sweden AB's Days Payable or its related term are showing as below:

OSTO:AVT B' s Days Payable Range Over the Past 10 Years
Min: 17.34 Med: 63.58 Max: 197.45
Current: 39.37

During the past 13 years, AVTECH Sweden AB's highest Days Payable was 197.45. The lowest was 17.34. And the median was 63.58.

OSTO:AVT B's Days Payable is ranked worse than
77.52% of 298 companies
in the Aerospace & Defense industry
Industry Median: 75.38 vs OSTO:AVT B: 39.37

AVTECH Sweden AB's Days Payable increased from Mar. 2023 (33.60) to Mar. 2024 (38.58). It may suggest that AVTECH Sweden AB delayed paying its suppliers.

AVTECH Sweden AB Days Payable Historical Data

The historical data trend for AVTECH Sweden AB'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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AVTECH Sweden AB Days Payable Chart

AVTECH Sweden AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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197.45

92.38

62.98

44.14

40.79

AVTECH Sweden AB 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															33.60	-	-	44.78	38.58

Competitive Comparison of AVTECH Sweden AB's Days Payable

For the Aerospace & Defense subindustry, AVTECH Sweden AB'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.

AVTECH Sweden AB's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AVTECH Sweden AB's Days Payable distribution charts can be found below:

* The bar in red indicates where AVTECH Sweden AB's Days Payable falls into.

AVTECH Sweden AB 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.

AVTECH Sweden AB'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
=	( (0.81	+	1.057)	/	2 )	/	8.354	*	365
=	0.9335					/	8.354	*	365
=	40.79

AVTECH Sweden AB'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
=	( (1.057	+	0)	/	1 )	/	2.5	*	365 / 4
=	1.057					/	2.5	*	365 / 4
=	38.58

AVTECH Sweden AB Days Payable Related Terms

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AVTECH Sweden AB (OSTO:AVT B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AVTECH Sweden AB (OSTO:AVT B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8QL:Germany

Address

Färögatan 33, 24th floor, Kista, SWE, 164 51

Website

http://www.avtech.aero

AVTECH Sweden AB assists the aviation industry to operate with efficiency by offering sustainable solutions within digital Air Traffic Management. Its products and services includes Aventus SIGMA, weather uplink services, Aventus NowCast system providing aviation weather forecasting and Aventus AIR, a solution for sending FMS weather data to aircraft.

AVTECH Sweden AB (OSTO:AVT B) Headlines

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