Tangiamo Touch Technology AB (OSTO:TANGI) Days Payable : 2,176.54 (As of Sep. 2023)

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What is Tangiamo Touch Technology AB Days Payable?

Tangiamo Touch Technology AB's average Accounts Payable for the three months ended in Sep. 2023 was kr5.18 Mil. Tangiamo Touch Technology AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr0.22 Mil. Hence, Tangiamo Touch Technology AB's Days Payable for the three months ended in Sep. 2023 was 2,176.54.

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

OSTO:TANGI' s Days Payable Range Over the Past 10 Years
Min: 65.59 Med: 141.02 Max: 356.5
Current: 356.5

During the past 8 years, Tangiamo Touch Technology AB's highest Days Payable was 356.50. The lowest was 65.59. And the median was 141.02.

OSTO:TANGI's Days Payable is ranked better than
89.04% of 757 companies
in the Travel & Leisure industry
Industry Median: 59.94 vs OSTO:TANGI: 356.50

Tangiamo Touch Technology AB's Days Payable increased from Jun. 2022 (262.88) to Sep. 2023 (2,176.54). It may suggest that Tangiamo Touch Technology AB delayed paying its suppliers.

Tangiamo Touch Technology AB Days Payable Historical Data

The historical data trend for Tangiamo Touch Technology 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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Tangiamo Touch Technology AB Days Payable Chart

Tangiamo Touch Technology AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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351.45

103.81

65.59

201.10

141.02

Tangiamo Touch Technology AB Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															262.88	1,707.24	63.20	310.96	2,176.54

Competitive Comparison of Tangiamo Touch Technology AB's Days Payable

For the Gambling subindustry, Tangiamo Touch Technology 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.

Tangiamo Touch Technology AB's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tangiamo Touch Technology AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Tangiamo Touch Technology AB's Days Payable falls into.

Tangiamo Touch Technology 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.

Tangiamo Touch Technology AB's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.431	+	1.303)	/	2 )	/	2.244	*	365
=	0.867					/	2.244	*	365
=	141.02

Tangiamo Touch Technology AB's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (4.364	+	5.988)	/	2 )	/	0.217	*	365 / 4
=	5.176					/	0.217	*	365 / 4
=	2,176.54

Tangiamo Touch Technology AB Days Payable Related Terms

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Tangiamo Touch Technology AB (OSTO:TANGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tangiamo Touch Technology AB (OSTO:TANGI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5J7:Germany

Address

Marieholmsgatan 10C, Gothenburg, SWE, 415 02

Website

https://www.tangiamo.com

Tangiamo Touch Technology AB designs, develops and manufactures multi-player gaming systems for casinos and arcades, electronic. The company operates in touch technology, electronic table games, and online gaming. Its software allows players to play on the tables from mobiles and tablets, either within the casino.

Tangiamo Touch Technology AB (OSTO:TANGI) Headlines

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