Cenit AG (XTER:CSH) Days Payable : 31.37 (As of Dec. 2023)

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What is Cenit AG Days Payable?

Cenit AG's average Accounts Payable for the three months ended in Dec. 2023 was €9.2 Mil. Cenit AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €26.9 Mil. Hence, Cenit AG's Days Payable for the three months ended in Dec. 2023 was 31.37.

The historical rank and industry rank for Cenit AG's Days Payable or its related term are showing as below:

XTER:CSH' s Days Payable Range Over the Past 10 Years
Min: 12.21 Med: 16.28 Max: 31.47
Current: 21.57

During the past 13 years, Cenit AG's highest Days Payable was 31.47. The lowest was 12.21. And the median was 16.28.

XTER:CSH's Days Payable is ranked worse than
77.15% of 2525 companies
in the Software industry
Industry Median: 50.65 vs XTER:CSH: 21.57

Cenit AG's Days Payable increased from Dec. 2022 (27.20) to Dec. 2023 (31.37). It may suggest that Cenit AG delayed paying its suppliers.

Cenit AG Days Payable Historical Data

The historical data trend for Cenit AG'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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Cenit AG Days Payable Chart

Cenit AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.29

13.47

14.49

24.79

31.47

Cenit AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															27.20	19.97	14.86	13.75	31.37

Competitive Comparison of Cenit AG's Days Payable

For the Software - Application subindustry, Cenit AG'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.

Cenit AG's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Cenit AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Cenit AG's Days Payable falls into.

Cenit AG 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.

Cenit AG'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
=	( (11.163	+	13.201)	/	2 )	/	141.299	*	365
=	12.182					/	141.299	*	365
=	31.47

Cenit AG'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
=	( (5.289	+	13.201)	/	2 )	/	26.891	*	365 / 4
=	9.245					/	26.891	*	365 / 4
=	31.37

Cenit AG Days Payable Related Terms

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Cenit AG (XTER:CSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cenit AG (XTER:CSH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CSH:Germany CSH:Germany CSH:Germany

Address

Industriestrasse 52-54, Stuttgart, DEU, 70565

Website

https://www.cenit.com

Cenit AG is a software and information technology consulting company. It offers Product Lifecycle Management and Enterprise Information Management. The PLM (Product Lifestyle Management) segment focuses on the automotive, aerospace, mechanical engineering, and shipbuilding industries. The Enterprise Information Management focuses on products of the strategic software. The focus of the CENIT Group is on business process optimization and computer-aided design and development technologies. The company's revenue is generated from its Germany segment.

Executives

Axel Otto

Board of Directors