Lyckegard Group AB (OSTO:LYGRD) Days Payable : 99.29 (As of Dec. 2023)

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What is Lyckegard Group AB Days Payable?

Lyckegard Group AB's average Accounts Payable for the three months ended in Dec. 2023 was kr19.0 Mil. Lyckegard Group AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr17.5 Mil. Hence, Lyckegard Group AB's Days Payable for the three months ended in Dec. 2023 was 99.29.

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

OSTO:LYGRD' s Days Payable Range Over the Past 10 Years
Min: 33.85 Med: 45.9 Max: 70.62
Current: 68.04

During the past 5 years, Lyckegard Group AB's highest Days Payable was 70.62. The lowest was 33.85. And the median was 45.90.

OSTO:LYGRD's Days Payable is ranked worse than
53.66% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.32 vs OSTO:LYGRD: 68.04

Lyckegard Group AB's Days Payable increased from Dec. 2022 (76.99) to Dec. 2023 (99.29). It may suggest that Lyckegard Group AB delayed paying its suppliers.

Lyckegard Group AB Days Payable Historical Data

The historical data trend for Lyckegard Group 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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Lyckegard Group AB Days Payable Chart

Lyckegard Group AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

51.27

33.85

41.21

70.62

45.90

Lyckegard Group AB Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										76.99	84.68	54.45	77.17	99.29

Competitive Comparison of Lyckegard Group AB's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Lyckegard Group 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.

Lyckegard Group AB's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lyckegard Group AB's Days Payable distribution charts can be found below:

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

Lyckegard Group 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.

Lyckegard Group 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
=	( (7.164	+	16.437)	/	2 )	/	93.845	*	365
=	11.8005					/	93.845	*	365
=	45.90

Lyckegard Group AB's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21.654	+	16.437)	/	2 )	/	17.503	*	365 / 4
=	19.0455					/	17.503	*	365 / 4
=	99.29

Lyckegard Group AB Days Payable Related Terms

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Lyckegard Group AB (OSTO:LYGRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lyckegard Group AB (OSTO:LYGRD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

F55:Germany

Address

Trollebergsvagen, Lund, SWE, 102-28

Website

https://www.lyckegard.com

Lyckegard Group AB is an innovative company that strives towards sustainable agriculture through the reduced use of pesticides and fertilizers. The company develops and sells agricultural mechanical tools for weed control, tillage and sowing. The tools work mechanically, without chemicals, and use innovative methods and new cultivation strategies for more environmentally friendly agriculture. The products can be used by both organic and conventional farmers who want to reduce the use of pesticides and use modern cultivation strategies for increased yields.

Lyckegard Group AB (OSTO:LYGRD) Headlines

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