Garfin Holding AS (XBRA:1GRT002E) Days Payable : 59.80 (As of Dec. 2023)

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What is Garfin Holding AS Days Payable?

Garfin Holding AS's average Accounts Payable for the six months ended in Dec. 2023 was €2.18 Mil. Garfin Holding AS's Cost of Goods Sold for the six months ended in Dec. 2023 was €6.66 Mil. Hence, Garfin Holding AS's Days Payable for the six months ended in Dec. 2023 was 59.80.

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

XBRA:1GRT002E' s Days Payable Range Over the Past 10 Years
Min: 14.45 Med: 92.54 Max: 227.85
Current: 81.06

During the past 13 years, Garfin Holding AS's highest Days Payable was 227.85. The lowest was 14.45. And the median was 92.54.

XBRA:1GRT002E's Days Payable is not ranked
in the Asset Management industry.
Industry Median: 69.215 vs XBRA:1GRT002E: 81.06

Garfin Holding AS's Days Payable declined from Dec. 2022 (105.83) to Dec. 2023 (59.80). It may suggest that Garfin Holding AS accelerated paying its suppliers.

Garfin Holding AS Days Payable Historical Data

The historical data trend for Garfin Holding 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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Garfin Holding AS Days Payable Chart

Garfin Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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153.44

92.87

227.85

152.42

92.20

Garfin Holding AS Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															166.38	194.42	105.83	99.90	59.80

Competitive Comparison of Garfin Holding AS's Days Payable

For the Asset Management subindustry, Garfin Holding 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.

Garfin Holding AS's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Garfin Holding AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Garfin Holding AS's Days Payable falls into.

Garfin Holding 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.

Garfin Holding 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
=	( (2.926	+	2.601)	/	2 )	/	10.94	*	365
=	2.7635					/	10.94	*	365
=	92.20

Garfin Holding 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
=	( (1.762	+	2.601)	/	2 )	/	6.658	*	365 / 2
=	2.1815					/	6.658	*	365 / 2
=	59.80

Garfin Holding AS Days Payable Related Terms

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Garfin Holding AS (XBRA:1GRT002E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Garfin Holding AS (XBRA:1GRT002E) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dvorakovo Nabrezie 8, Bratislava, SVK, 811 02

Website

https://www.garfinholding.sk

Garfin Holding AS is an investment holding company. Its investment portfolio is diversified in different industries namely Mining and Chemical-processing industry, Tourism, and Amusement industry.

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