029 Group SE (XTER:Z29) Days Payable : 648.26 (As of Dec. 2023)

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What is 029 Group SE Days Payable?

029 Group SE's average Accounts Payable for the six months ended in Dec. 2023 was €0.17 Mil. 029 Group SE's Cost of Goods Sold for the six months ended in Dec. 2023 was €0.05 Mil. Hence, 029 Group SE's Days Payable for the six months ended in Dec. 2023 was 648.26.

The historical rank and industry rank for 029 Group SE's Days Payable or its related term are showing as below:

XTER:Z29' s Days Payable Range Over the Past 10 Years
Min: 520.89 Med: 864.02 Max: 1064.58
Current: 520.89

During the past 6 years, 029 Group SE's highest Days Payable was 1064.58. The lowest was 520.89. And the median was 864.02.

XTER:Z29's Days Payable is ranked better than
83.51% of 467 companies
in the Asset Management industry
Industry Median: 69.6 vs XTER:Z29: 520.89

029 Group SE's Days Payable increased from Dec. 2022 (532.29) to Dec. 2023 (648.26). It may suggest that 029 Group SE delayed paying its suppliers.

029 Group SE Days Payable Historical Data

The historical data trend for 029 Group SE'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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029 Group SE Days Payable Chart

029 Group SE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,064.58

663.46

029 Group SE Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					-	-	532.29	250.94	648.26

Competitive Comparison of 029 Group SE's Days Payable

For the Asset Management subindustry, 029 Group SE'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.

029 Group SE's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 029 Group SE's Days Payable distribution charts can be found below:

* The bar in red indicates where 029 Group SE's Days Payable falls into.

029 Group SE 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.

029 Group SE'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
=	( (0.07	+	0.279)	/	2 )	/	0.096	*	365
=	0.1745					/	0.096	*	365
=	663.46

029 Group SE'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
=	( (0.062	+	0.279)	/	2 )	/	0.048	*	365 / 2
=	0.1705					/	0.048	*	365 / 2
=	648.26

029 Group SE Days Payable Related Terms

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029 Group SE (XTER:Z29) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 029 Group SE (XTER:Z29) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

Z29:Germany

Address

Neue Schonhauserstr. 3-5, Berlin, DEU, 10178

Website

https://www.029-group.com/de

029 Group SE is a hospitality and lifestyle platform blending luxury, technology, and community to build and support category-defining brands aimed at making people's lives happier. The company investment is focused on two business sectors which are Hospitality and Lifestyle. The company operates in three segments Hospitality, Enabling Technologies, and Consumer Brands.

029 Group SE (XTER:Z29) Headlines

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