Flatex AG (XTER:FTK) Days Payable : 12.73 (As of Dec. 2023)

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What is Flatex AG Days Payable?

Flatex AG's average Accounts Payable for the six months ended in Dec. 2023 was €4.6 Mil. Flatex AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €66.3 Mil. Hence, Flatex AG's Days Payable for the six months ended in Dec. 2023 was 12.73.

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

XTER:FTK' s Days Payable Range Over the Past 10 Years
Min: 11.19 Med: 31.26 Max: 204.6
Current: 12.38

During the past 13 years, Flatex AG's highest Days Payable was 204.60. The lowest was 11.19. And the median was 31.26.

XTER:FTK's Days Payable is ranked worse than
83.3% of 527 companies
in the Capital Markets industry
Industry Median: 106.62 vs XTER:FTK: 12.38

Flatex AG's Days Payable declined from Dec. 2022 (18.91) to Dec. 2023 (12.73). It may suggest that Flatex AG accelerated paying its suppliers.

Flatex AG Days Payable Historical Data

The historical data trend for Flatex 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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Flatex AG Days Payable Chart

Flatex AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.25

33.91

17.86

11.19

13.49

Flatex AG 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															13.10	17.61	18.91	10.83	12.73

Competitive Comparison of Flatex AG's Days Payable

For the Capital Markets subindustry, Flatex 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.

Flatex AG's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Flatex AG's Days Payable distribution charts can be found below:

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

Flatex 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.

Flatex 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
=	( (3.696	+	5.719)	/	2 )	/	127.326	*	365
=	4.7075					/	127.326	*	365
=	13.49

Flatex 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.54	+	5.719)	/	2 )	/	66.349	*	365 / 2
=	4.6295					/	66.349	*	365 / 2
=	12.73

Flatex AG Days Payable Related Terms

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Flatex AG (XTER:FTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Flatex AG (XTER:FTK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FNNTF:USA 0W89:UK

Address

Omniturm, Grosse Gallusstrasse 16-18, Frankfurt, HE, DEU, 60312

Website

https://www.flatex.com

Flatex AG is an independent online broker. The firm operates a proprietary securities trading platform under the brands flatex and DEGIRO and services more than 1 million European retail customers in European countries. The company also offers brokerage services and administration to corporate and institutional clients. The segments of the company are Financial Services and Technologies.

Executives

Steffen Jentsch	Chief Process Officer
Frank Niehage	CEO
Dr. Matthias Heinrich	Chief Risk Officer
Muhamad Said Chahrour	CFO
Martin Korbmacher	Chairman of the Supervisory Board