Ericsson Nikola Tesla dd (ZAG:ERNT) Days Payable : 65.48 (As of Mar. 2024)

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What is Ericsson Nikola Tesla dd Days Payable?

Ericsson Nikola Tesla dd's average Accounts Payable for the three months ended in Mar. 2024 was €31.0 Mil. Ericsson Nikola Tesla dd's Cost of Goods Sold for the three months ended in Mar. 2024 was €43.2 Mil. Hence, Ericsson Nikola Tesla dd's Days Payable for the three months ended in Mar. 2024 was 65.48.

The historical rank and industry rank for Ericsson Nikola Tesla dd's Days Payable or its related term are showing as below:

ZAG:ERNT' s Days Payable Range Over the Past 10 Years
Min: 8.64 Med: 15.37 Max: 71.39
Current: 71.39

During the past 12 years, Ericsson Nikola Tesla dd's highest Days Payable was 71.39. The lowest was 8.64. And the median was 15.37.

ZAG:ERNT's Days Payable is ranked worse than
64.84% of 347 companies
in the Telecommunication Services industry
Industry Median: 105.28 vs ZAG:ERNT: 71.39

Ericsson Nikola Tesla dd's Days Payable increased from Dec. 2022 (24.36) to Mar. 2024 (65.48). It may suggest that Ericsson Nikola Tesla dd delayed paying its suppliers.

Ericsson Nikola Tesla dd Days Payable Historical Data

The historical data trend for Ericsson Nikola Tesla dd'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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Ericsson Nikola Tesla dd Days Payable Chart

Ericsson Nikola Tesla dd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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18.01

13.33

15.77

18.49

18.81

Ericsson Nikola Tesla dd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															24.36	23.75	49.28	53.77	65.48

Competitive Comparison of Ericsson Nikola Tesla dd's Days Payable

For the Telecom Services subindustry, Ericsson Nikola Tesla dd'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.

Ericsson Nikola Tesla dd's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Ericsson Nikola Tesla dd's Days Payable distribution charts can be found below:

* The bar in red indicates where Ericsson Nikola Tesla dd's Days Payable falls into.

Ericsson Nikola Tesla dd 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.

Ericsson Nikola Tesla dd's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (12.329	+	15.053)	/	2 )	/	265.725	*	365
=	13.691					/	265.725	*	365
=	18.81

Ericsson Nikola Tesla dd's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (34.558	+	27.502)	/	2 )	/	43.243	*	365 / 4
=	31.03					/	43.243	*	365 / 4
=	65.48

Ericsson Nikola Tesla dd Days Payable Related Terms

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Ericsson Nikola Tesla dd (ZAG:ERNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Ericsson Nikola Tesla dd (ZAG:ERNT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Krapinska 45, PO Box 93, Zagreb, HRV, 10002

Website

https://www.ericsson.com

Ericsson Nikola Tesla dd is a provider of communication products and services and ICT solutions related to healthcare, national and public safety, state administration, transport, utilities, and multimedia communication. The company's activities include marketing and sales, research and development, design of total communication solutions, services in multi-service and mobile networks area, including mobile Internet and complex system integration in all business areas. It operates in four segments Networks, Digital Services, Managed Services, and Others.

Ericsson Nikola Tesla dd (ZAG:ERNT) Headlines

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