Precise Biometrics AB (OSTO:PREC) Days Payable : 41.21 (As of Mar. 2024)

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What is Precise Biometrics AB Days Payable?

Precise Biometrics AB's average Accounts Payable for the three months ended in Mar. 2024 was kr2.72 Mil. Precise Biometrics AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr6.03 Mil. Hence, Precise Biometrics AB's Days Payable for the three months ended in Mar. 2024 was 41.21.

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

OSTO:PREC' s Days Payable Range Over the Past 10 Years
Min: 58.1 Med: 135.12 Max: 951.69
Current: 59.66

During the past 13 years, Precise Biometrics AB's highest Days Payable was 951.69. The lowest was 58.10. And the median was 135.12.

OSTO:PREC's Days Payable is ranked better than
58.24% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs OSTO:PREC: 59.66

Precise Biometrics AB's Days Payable declined from Mar. 2023 (80.57) to Mar. 2024 (41.21). It may suggest that Precise Biometrics AB accelerated paying its suppliers.

Precise Biometrics AB Days Payable Historical Data

The historical data trend for Precise Biometrics 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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Precise Biometrics AB Days Payable Chart

Precise Biometrics AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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138.32

131.92

145.37

112.57

58.10

Precise Biometrics 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															80.57	-	-	35.29	41.21

Competitive Comparison of Precise Biometrics AB's Days Payable

For the Security & Protection Services subindustry, Precise Biometrics 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.

Precise Biometrics AB's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Precise Biometrics AB's Days Payable distribution charts can be found below:

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

Precise Biometrics 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.

Precise Biometrics 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
=	( (5.952	+	2.722)	/	2 )	/	27.246	*	365
=	4.337					/	27.246	*	365
=	58.10

Precise Biometrics 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
=	( (2.722	+	0)	/	1 )	/	6.027	*	365 / 4
=	2.722					/	6.027	*	365 / 4
=	41.21

Precise Biometrics AB Days Payable Related Terms

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Precise Biometrics AB (OSTO:PREC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Precise Biometrics AB (OSTO:PREC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PBCB:Germany

Address

Precise Biometrics AB, Scheelevagen 27, Lund, SWE, SE-223 63

Website

https://www.precisebiometrics.com

Precise Biometrics AB is engaged in the business of developing and selling fingerprint software for the authentication of people's identity in mobile phones, smart cards, and products with small fingerprint sensors. The firm also develops and sells mobile smart card readers for smartphones and tablets. Its products and services include precise bio match mobile, sensor vulnerability test, and fingerprint data collection. Overall it focuses on the areas of Capacitive sensors for mobile phones, In-display sensors for mobile phones in the upper price segment, Smart cards, and New applications. The company operates in Europe, Asia, and the United States, out of which the majority of revenue comes from Asia.

Precise Biometrics AB (OSTO:PREC) Headlines

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