Formpipe Software AB (OSTO:FPIP) Days Payable : 49.70 (As of Mar. 2024)

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What is Formpipe Software AB Days Payable?

Formpipe Software AB's average Accounts Payable for the three months ended in Mar. 2024 was kr33.0 Mil. Formpipe Software AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr60.7 Mil. Hence, Formpipe Software AB's Days Payable for the three months ended in Mar. 2024 was 49.70.

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

OSTO:FPIP' s Days Payable Range Over the Past 10 Years
Min: 31.88 Med: 44.19 Max: 56.78
Current: 46.56

During the past 13 years, Formpipe Software AB's highest Days Payable was 56.78. The lowest was 31.88. And the median was 44.19.

OSTO:FPIP's Days Payable is ranked worse than
52.39% of 2533 companies
in the Software industry
Industry Median: 50.13 vs OSTO:FPIP: 46.56

Formpipe Software AB's Days Payable declined from Mar. 2023 (52.17) to Mar. 2024 (49.70). It may suggest that Formpipe Software AB accelerated paying its suppliers.

Formpipe Software AB Days Payable Historical Data

The historical data trend for Formpipe Software 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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Formpipe Software AB Days Payable Chart

Formpipe Software AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.78

31.88

33.87

44.19

56.78

Formpipe Software 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															52.17	37.54	44.84	51.44	49.70

Competitive Comparison of Formpipe Software AB's Days Payable

For the Software - Application subindustry, Formpipe Software 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.

Formpipe Software AB's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Formpipe Software AB's Days Payable distribution charts can be found below:

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

Formpipe Software 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.

Formpipe Software 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
=	( (34.703	+	36.672)	/	2 )	/	229.419	*	365
=	35.6875					/	229.419	*	365
=	56.78

Formpipe Software 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
=	( (36.672	+	29.401)	/	2 )	/	60.652	*	365 / 4
=	33.0365					/	60.652	*	365 / 4
=	49.70

Formpipe Software AB Days Payable Related Terms

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Formpipe Software AB (OSTO:FPIP) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Box 231 31, Stockholm, SWE, 104 35

Website

http://www.formpipe.se

Formpipe Software AB is a Swedish software company within the Content Services market. The business relies on two cornerstones with strong offerings to customers in both the public and private sectors. With the mission to build valuable relationship between data and people, the company is providing Software as a Service (SaaS), specializing in customer communication, cases and documents, and the automation of information-intense business processes. Formpipe has offices in Sweden, Denmark, the UK, the U.S. and Germany.

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