Axolot Solutions Holding AB (OSTO:AXOLOT) Days Payable : 70.48 (As of Mar. 2024)

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What is Axolot Solutions Holding AB Days Payable?

Axolot Solutions Holding AB's average Accounts Payable for the three months ended in Mar. 2024 was kr2.49 Mil. Axolot Solutions Holding AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr3.22 Mil. Hence, Axolot Solutions Holding AB's Days Payable for the three months ended in Mar. 2024 was 70.48.

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

OSTO:AXOLOT' s Days Payable Range Over the Past 10 Years
Min: 77.28 Med: 529.61 Max: 903.69
Current: 77.28

During the past 9 years, Axolot Solutions Holding AB's highest Days Payable was 903.69. The lowest was 77.28. And the median was 529.61.

OSTO:AXOLOT's Days Payable is ranked better than
51.56% of 225 companies
in the Waste Management industry
Industry Median: 71.54 vs OSTO:AXOLOT: 77.28

Axolot Solutions Holding AB's Days Payable declined from Mar. 2023 (113.39) to Mar. 2024 (70.48). It may suggest that Axolot Solutions Holding AB accelerated paying its suppliers.

Axolot Solutions Holding AB Days Payable Historical Data

The historical data trend for Axolot Solutions Holding 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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Axolot Solutions Holding AB Days Payable Chart

Axolot Solutions Holding AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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460.13

418.49

669.79

102.33

Axolot Solutions Holding 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															113.39	193.81	397.43	41.99	70.48

Competitive Comparison of Axolot Solutions Holding AB's Days Payable

For the Waste Management subindustry, Axolot Solutions Holding 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.

Axolot Solutions Holding AB's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Axolot Solutions Holding AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Axolot Solutions Holding AB's Days Payable falls into.

Axolot Solutions Holding 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.

Axolot Solutions Holding 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
=	( (0.922	+	2.661)	/	2 )	/	6.39	*	365
=	1.7915					/	6.39	*	365
=	102.33

Axolot Solutions Holding 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
=	( (2.661	+	2.315)	/	2 )	/	3.221	*	365 / 4
=	2.488					/	3.221	*	365 / 4
=	70.48

Axolot Solutions Holding AB Days Payable Related Terms

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Axolot Solutions Holding AB (OSTO:AXOLOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Axolot Solutions Holding AB (OSTO:AXOLOT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamntorget 3, 1 tr, Helsingborg, SWE, SE-252 21

Website

https://www.axolotsolutions.com

Axolot Solutions Holding AB is a Swedish environmental technology company that sells systems for industrial water treatment. This is done by offering a proprietary patented solution based on well- proven basic technology.

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