Airobot Technologies AS (OTSE:AIR) Days Payable : 68.28 (As of Dec. 2023)

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What is Airobot Technologies AS Days Payable?

Airobot Technologies AS's average Accounts Payable for the six months ended in Dec. 2023 was €0.17 Mil. Airobot Technologies AS's Cost of Goods Sold for the six months ended in Dec. 2023 was €0.45 Mil. Hence, Airobot Technologies AS's Days Payable for the six months ended in Dec. 2023 was 68.28.

The historical rank and industry rank for Airobot Technologies AS's Days Payable or its related term are showing as below:

OTSE:AIR' s Days Payable Range Over the Past 10 Years
Min: 57.63 Med: 98.62 Max: 104.32
Current: 95.01

During the past 5 years, Airobot Technologies AS's highest Days Payable was 104.32. The lowest was 57.63. And the median was 98.62.

OTSE:AIR's Days Payable is ranked better than
68.44% of 2421 companies
in the Hardware industry
Industry Median: 67.87 vs OTSE:AIR: 95.01

Airobot Technologies AS's Days Payable declined from Dec. 2022 (125.71) to Dec. 2023 (68.28). It may suggest that Airobot Technologies AS accelerated paying its suppliers.

Airobot Technologies AS Days Payable Historical Data

The historical data trend for Airobot Technologies AS'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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Airobot Technologies AS Days Payable Chart

Airobot Technologies AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

57.63

96.72

100.52

104.32

Airobot Technologies AS Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	179.48	125.71	134.05	68.28

Competitive Comparison of Airobot Technologies AS's Days Payable

For the Consumer Electronics subindustry, Airobot Technologies AS'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.

Airobot Technologies AS's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Airobot Technologies AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Airobot Technologies AS's Days Payable falls into.

Airobot Technologies AS 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.

Airobot Technologies AS'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
=	( (0.191	+	0.192)	/	2 )	/	0.67	*	365
=	0.1915					/	0.67	*	365
=	104.32

Airobot Technologies AS'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.141	+	0.192)	/	2 )	/	0.445	*	365 / 2
=	0.1665					/	0.445	*	365 / 2
=	68.28

Airobot Technologies AS Days Payable Related Terms

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Airobot Technologies AS (OTSE:AIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Airobot Technologies AS (OTSE:AIR) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Suur-sojamae 37a, Rae Vald, EST, 75322

Website

https://www.airobothome.com

Airobot Technologies AS is an indoor climate technology and production company, which is characterized by strong software and air analysis. The company's main product is innovative ventilation equipment with a demand-based control algorithm, which has been developed in cooperation with researchers from the University of Tartu and TalTech.