NEO Finance AB (OVSE:NEOFI) Days Payable : 135.16 (As of Dec. 2023)

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What is NEO Finance AB Days Payable?

NEO Finance AB's average Accounts Payable for the three months ended in Dec. 2023 was €1.15 Mil. NEO Finance AB's Cost of Goods Sold for the three months ended in Dec. 2023 was €0.77 Mil. Hence, NEO Finance AB's Days Payable for the three months ended in Dec. 2023 was 135.16.

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

OVSE:NEOFI' s Days Payable Range Over the Past 10 Years
Min: 25.61 Med: 32.07 Max: 90.15
Current: 90.15

During the past 7 years, NEO Finance AB's highest Days Payable was 90.15. The lowest was 25.61. And the median was 32.07.

OVSE:NEOFI's Days Payable is ranked better than
65.02% of 283 companies
in the Credit Services industry
Industry Median: 48.78 vs OVSE:NEOFI: 90.15

NEO Finance AB's Days Payable increased from Dec. 2022 (38.24) to Dec. 2023 (135.16). It may suggest that NEO Finance AB delayed paying its suppliers.

NEO Finance AB Days Payable Historical Data

The historical data trend for NEO Finance 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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NEO Finance AB Days Payable Chart

NEO Finance AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.61

30.51

32.07

36.28

26.75

NEO Finance AB Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial												38.24	37.96	36.04	191.99	135.16

Competitive Comparison of NEO Finance AB's Days Payable

For the Credit Services subindustry, NEO Finance 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.

NEO Finance AB's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, NEO Finance AB's Days Payable distribution charts can be found below:

* The bar in red indicates where NEO Finance AB's Days Payable falls into.

NEO Finance 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.

NEO Finance 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
=	( (0.18	+	0.163)	/	2 )	/	2.34	*	365
=	0.1715					/	2.34	*	365
=	26.75

NEO Finance AB'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.127	+	0.163)	/	2 )	/	0.773	*	365 / 4
=	1.145					/	0.773	*	365 / 4
=	135.16

NEO Finance AB Days Payable Related Terms

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NEO Finance AB (OVSE:NEOFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » NEO Finance AB (OVSE:NEOFI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

A. Vivulskio Street 7, Vilnius, LTU, LT-03162

Website

https://www.neofinance.com

NEO Finance AB is engaged in peer-to-peer lending services. It owns and operates a Peer-to-peer lending platform that enables retail Lenders to lend money directly to retail borrowers. The company generates its revenues via the lending platform in two main ways: intermediary fee charged from borrowers on installments made and by interest made by co-investing with lenders.

NEO Finance AB (OVSE:NEOFI) Headlines

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