Tallinna Kaubamaja Grupp AS (OTSE:TKM1T) Days Payable : 41.03 (As of Mar. 2024)

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What is Tallinna Kaubamaja Grupp AS Days Payable?

Tallinna Kaubamaja Grupp AS's average Accounts Payable for the three months ended in Mar. 2024 was €73.7 Mil. Tallinna Kaubamaja Grupp AS's Cost of Goods Sold for the three months ended in Mar. 2024 was €163.8 Mil. Hence, Tallinna Kaubamaja Grupp AS's Days Payable for the three months ended in Mar. 2024 was 41.03.

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

OTSE:TKM1T' s Days Payable Range Over the Past 10 Years
Min: 36.71 Med: 46.48 Max: 54.36
Current: 36.71

During the past 13 years, Tallinna Kaubamaja Grupp AS's highest Days Payable was 54.36. The lowest was 36.71. And the median was 46.48.

OTSE:TKM1T's Days Payable is ranked worse than
68.36% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs OTSE:TKM1T: 36.71

Tallinna Kaubamaja Grupp AS's Days Payable declined from Mar. 2023 (41.43) to Mar. 2024 (41.03). It may suggest that Tallinna Kaubamaja Grupp AS accelerated paying its suppliers.

Tallinna Kaubamaja Grupp AS Days Payable Historical Data

The historical data trend for Tallinna Kaubamaja Grupp 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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Tallinna Kaubamaja Grupp AS Days Payable Chart

Tallinna Kaubamaja Grupp AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.48

44.73

44.84

45.44

41.34

Tallinna Kaubamaja Grupp AS 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															41.43	34.66	36.27	36.31	41.03

Competitive Comparison of Tallinna Kaubamaja Grupp AS's Days Payable

For the Department Stores subindustry, Tallinna Kaubamaja Grupp 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.

Tallinna Kaubamaja Grupp AS's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tallinna Kaubamaja Grupp AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Tallinna Kaubamaja Grupp AS's Days Payable falls into.

Tallinna Kaubamaja Grupp 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.

Tallinna Kaubamaja Grupp 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
=	( (79.551	+	77.544)	/	2 )	/	693.569	*	365
=	78.5475					/	693.569	*	365
=	41.34

Tallinna Kaubamaja Grupp AS'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
=	( (77.544	+	69.789)	/	2 )	/	163.838	*	365 / 4
=	73.6665					/	163.838	*	365 / 4
=	41.03

Tallinna Kaubamaja Grupp AS Days Payable Related Terms

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Tallinna Kaubamaja Grupp AS (OTSE:TKM1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tallinna Kaubamaja Grupp AS (OTSE:TKM1T) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

UE8:Germany

Address

Kaubamaja 1, Tallinn, EST, 10143

Website

http://www.tkmgroup.ee

Tallinna Kaubamaja Grupp AS is an Estonia-based company engaged in retail trade and the provision of related services. The company's reportable segments include Supermarkets, Department stores, Car trade, Security, and Real estate. It generates its revenues from the Supermarkets segment.

Tallinna Kaubamaja Grupp AS (OTSE:TKM1T) Headlines

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