CTT Systems AB (OSTO:CTT) Days Payable : 93.26 (As of Mar. 2024)

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What is CTT Systems AB Days Payable?

CTT Systems AB's average Accounts Payable for the three months ended in Mar. 2024 was kr13.9 Mil. CTT Systems AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr13.6 Mil. Hence, CTT Systems AB's Days Payable for the three months ended in Mar. 2024 was 93.26.

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

OSTO:CTT' s Days Payable Range Over the Past 10 Years
Min: 73.21 Med: 100.01 Max: 179.72
Current: 108.07

During the past 13 years, CTT Systems AB's highest Days Payable was 179.72. The lowest was 73.21. And the median was 100.01.

OSTO:CTT's Days Payable is ranked better than
61.95% of 297 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs OSTO:CTT: 108.07

CTT Systems AB's Days Payable increased from Mar. 2023 (77.41) to Mar. 2024 (93.26). It may suggest that CTT Systems AB delayed paying its suppliers.

CTT Systems AB Days Payable Historical Data

The historical data trend for CTT Systems 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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CTT Systems AB Days Payable Chart

CTT Systems AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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89.11

140.77

179.72

140.68

94.83

CTT Systems 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															77.41	-	-	112.25	93.26

Competitive Comparison of CTT Systems AB's Days Payable

For the Aerospace & Defense subindustry, CTT Systems 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.

CTT Systems AB's Days Payable Distribution in the Aerospace & Defense Industry

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

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

CTT Systems 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.

CTT Systems 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
=	( (17.9	+	13.9)	/	2 )	/	61.2	*	365
=	15.9					/	61.2	*	365
=	94.83

CTT Systems 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
=	( (13.9	+	0)	/	1 )	/	13.6	*	365 / 4
=	13.9					/	13.6	*	365 / 4
=	93.26

CTT Systems AB Days Payable Related Terms

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CTT Systems AB (OSTO:CTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CTT Systems AB (OSTO:CTT) » Definitions » Days Payable

Comparable Companies

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0GUO:UK

Address

Brukslagarvagen 5, Box 1042, Nykoping, SWE, 61129

Website

https://www.ctt.se

CTT Systems AB manufacturer and provider of humidity control systems for aircraft. The company offers a Zonal Drying system that prevents condensation within an aircraft during humidification. The company's product line includes various humidifiers. It sells its products to aircraft manufacturers and transportation companies. The group's products, Zonal Drying System and Cair create conditions facilitating improved profitability and flight safety as well as considerably enhanced comfort for passengers and cabin personnel. It supplies these systems to aircraft manufacturers for installation during the production of new aircraft and to airlines for existing aircraft fleets. Geographically company generates the majority of its revenue from Denmark.