Storskogen Group AB (OSTO:STOR B) Days Payable : 32.83 (As of Mar. 2024)

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What is Storskogen Group AB Days Payable?

Storskogen Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr2,412 Mil. Storskogen Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr6,704 Mil. Hence, Storskogen Group AB's Days Payable for the three months ended in Mar. 2024 was 32.83.

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

OSTO:STOR B' s Days Payable Range Over the Past 10 Years
Min: 27.74 Med: 29.64 Max: 43.52
Current: 32.63

During the past 6 years, Storskogen Group AB's highest Days Payable was 43.52. The lowest was 27.74. And the median was 29.64.

OSTO:STOR B's Days Payable is ranked worse than
73.29% of 468 companies
in the Asset Management industry
Industry Median: 68.64 vs OSTO:STOR B: 32.63

Storskogen Group AB's Days Payable increased from Mar. 2023 (32.41) to Mar. 2024 (32.83). It may suggest that Storskogen Group AB delayed paying its suppliers.

Storskogen Group AB Days Payable Historical Data

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

Storskogen Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.74

28.11

31.52

28.52

30.75

Storskogen Group AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												32.41	31.55	34.49	30.71	32.83

Competitive Comparison of Storskogen Group AB's Days Payable

For the Asset Management subindustry, Storskogen 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.

Storskogen Group AB's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Storskogen Group AB's Days Payable distribution charts can be found below:

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

Storskogen 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.

Storskogen 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
=	( (2563	+	2271)	/	2 )	/	28690	*	365
=	2417					/	28690	*	365
=	30.75

Storskogen Group 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
=	( (2271	+	2553)	/	2 )	/	6704	*	365 / 4
=	2412					/	6704	*	365 / 4
=	32.83

Storskogen Group AB Days Payable Related Terms

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Storskogen Group AB (OSTO:STOR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Storskogen Group AB (OSTO:STOR B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0AA9:UK 0VK:Germany

Address

Hovslagargatan 3, 6th Floor, Stockholm, SWE, 111 48

Website

https://www.storskogen.com

Storskogen Group AB is an international group of businesses. It acquires and manages profitable small and medium-sized businesses with prime positions in their respective markets. It is divided into three business areas, Industry, Services, and Trade, predominantly in Sweden and with an increasing presence in the Nordics, Germany, Switzerland, and the UK.

Storskogen Group AB (OSTO:STOR B) Headlines

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