Nitro Games (OSTO:NITRO) Days Payable : 192.29 (As of Mar. 2024)

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What is Nitro Games Days Payable?

Nitro Games's average Accounts Payable for the three months ended in Mar. 2024 was kr17.1 Mil. Nitro Games's Cost of Goods Sold for the three months ended in Mar. 2024 was kr8.1 Mil. Hence, Nitro Games's Days Payable for the three months ended in Mar. 2024 was 192.29.

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

OSTO:NITRO' s Days Payable Range Over the Past 10 Years
Min: 16.13 Med: 109.42 Max: 390.89
Current: 148.01

During the past 9 years, Nitro Games's highest Days Payable was 390.89. The lowest was 16.13. And the median was 109.42.

OSTO:NITRO's Days Payable is ranked better than
72.29% of 433 companies
in the Interactive Media industry
Industry Median: 61.44 vs OSTO:NITRO: 148.01

Nitro Games's Days Payable declined from Mar. 2023 (359.83) to Mar. 2024 (192.29). It may suggest that Nitro Games accelerated paying its suppliers.

Nitro Games Days Payable Historical Data

The historical data trend for Nitro Games'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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Nitro Games Days Payable Chart

Nitro Games Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

109.42

114.33

167.62

Nitro Games 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															359.83	203.19	78.33	302.14	192.29

Competitive Comparison of Nitro Games's Days Payable

For the Electronic Gaming & Multimedia subindustry, Nitro Games'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.

Nitro Games's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Nitro Games's Days Payable distribution charts can be found below:

* The bar in red indicates where Nitro Games's Days Payable falls into.

Nitro Games 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.

Nitro Games'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
=	( (24.384	+	21.5)	/	2 )	/	49.957	*	365
=	22.942					/	49.957	*	365
=	167.62

Nitro Games'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
=	( (21.5	+	12.697)	/	2 )	/	8.114	*	365 / 4
=	17.0985					/	8.114	*	365 / 4
=	192.29

Nitro Games Days Payable Related Terms

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Nitro Games (OSTO:NITRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Nitro Games PLC (OSTO:NITRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Juha Vainion katu 2, Kotka, FIN, 48100

Website

https://www.nitrogames.com

Nitro Games PLC is a free-to-play mobile game developer and publisher. The company develops games for the mid-core user segment, mostly focusing on the genre of strategy games. It has developed games such as East India Company, Commander: Conquest of the Americas, Pirates of Black Cove, Raids of Glory, and many more.

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