Betsson AB (OSTO:BETS B) Days Payable : 16.26 (As of Mar. 2024)

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What is Betsson AB Days Payable?

Betsson AB's average Accounts Payable for the three months ended in Mar. 2024 was kr170 Mil. Betsson AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr954 Mil. Hence, Betsson AB's Days Payable for the three months ended in Mar. 2024 was 16.26.

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

OSTO:BETS B' s Days Payable Range Over the Past 10 Years
Min: 13.67 Med: 25.1 Max: 44.74
Current: 17.8

During the past 13 years, Betsson AB's highest Days Payable was 44.74. The lowest was 13.67. And the median was 25.10.

OSTO:BETS B's Days Payable is ranked worse than
85.87% of 757 companies
in the Travel & Leisure industry
Industry Median: 59.94 vs OSTO:BETS B: 17.80

Betsson AB's Days Payable declined from Mar. 2023 (21.40) to Mar. 2024 (16.26). It may suggest that Betsson AB accelerated paying its suppliers.

Betsson AB Days Payable Historical Data

The historical data trend for Betsson 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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Betsson AB Days Payable Chart

Betsson AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.02

13.67

18.23

20.53

18.86

Betsson 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															21.40	-	-	16.00	16.26

Competitive Comparison of Betsson AB's Days Payable

For the Gambling subindustry, Betsson 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.

Betsson AB's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Betsson AB's Days Payable distribution charts can be found below:

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

Betsson 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.

Betsson 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
=	( (195.687	+	170.028)	/	2 )	/	3539.05	*	365
=	182.8575					/	3539.05	*	365
=	18.86

Betsson 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
=	( (170.028	+	0)	/	1 )	/	953.992	*	365 / 4
=	170.028					/	953.992	*	365 / 4
=	16.26

Betsson AB Days Payable Related Terms

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Betsson AB (OSTO:BETS B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Betsson AB (OSTO:BETS B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

V72:Germany

Address

Regeringsgatan 28, Stockholm, SWE, 111 53

Website

https://www.betssonab.com

Betsson AB is a holding company that invests in and manages companies operating in the online gaming industry. The products consist of casino and sports betting. The largest category of the casino is slots, i.e. virtual slot machines, followed by the live casino, which provides the player with a virtual, real-life-like casino experience with table games broadcast live from the game provider's studio. Company's approximately 20 brands include either the entire product portfolio, such as Betsson, Betsafe and Nordicbet, or just one product, such as Racebets (betting on horses) and Jalla Casino (casino). The brands' services are offered through the proprietary platform that manages payments, customer information, accounts, transactions and a range of games on offer.

Betsson AB (OSTO:BETS B) Headlines

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