Netcompany Group A/S (OCSE:NETC) Days Payable : 26.69 (As of Mar. 2024)

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What is Netcompany Group A/S Days Payable?

Netcompany Group A/S's average Accounts Payable for the three months ended in Mar. 2024 was kr339 Mil. Netcompany Group A/S's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1,160 Mil. Hence, Netcompany Group A/S's Days Payable for the three months ended in Mar. 2024 was 26.69.

The historical rank and industry rank for Netcompany Group A/S's Days Payable or its related term are showing as below:

OCSE:NETC' s Days Payable Range Over the Past 10 Years
Min: 9.1 Med: 15.72 Max: 29.25
Current: 26.32

During the past 9 years, Netcompany Group A/S's highest Days Payable was 29.25. The lowest was 9.10. And the median was 15.72.

OCSE:NETC's Days Payable is ranked worse than
72.11% of 2535 companies
in the Software industry
Industry Median: 49.81 vs OCSE:NETC: 26.32

Netcompany Group A/S's Days Payable increased from Mar. 2023 (22.70) to Mar. 2024 (26.69). It may suggest that Netcompany Group A/S delayed paying its suppliers.

Netcompany Group A/S Days Payable Historical Data

The historical data trend for Netcompany Group A/S'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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Netcompany Group A/S Days Payable Chart

Netcompany Group A/S Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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12.30

9.10

29.25

28.72

25.24

Netcompany Group A/S Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															22.70	26.02	27.50	25.88	26.69

Competitive Comparison of Netcompany Group A/S's Days Payable

For the Information Technology Services subindustry, Netcompany Group A/S'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.

Netcompany Group A/S's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Netcompany Group A/S's Days Payable distribution charts can be found below:

* The bar in red indicates where Netcompany Group A/S's Days Payable falls into.

Netcompany Group A/S 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.

Netcompany Group A/S'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
=	( (265.2	+	340)	/	2 )	/	4375.4	*	365
=	302.6					/	4375.4	*	365
=	25.24

Netcompany Group A/S'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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (340	+	338.7)	/	2 )	/	1160	*	365 / 4
=	339.35					/	1160	*	365 / 4
=	26.69

Netcompany Group A/S Days Payable Related Terms

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Netcompany Group A/S (OCSE:NETC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Netcompany Group A/S (OCSE:NETC) » Definitions » Days Payable

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Traded in Other Exchanges

0YH9:UK 60N:Germany

Address

Gronningen 17, Copenhagen, DNK, 1270

Website

https://www.netcompany.com

Netcompany Group A/S is an information technology company. The company is engaged in delivering business-critical IT solutions to large Public and Private sector customers and supporting them in their digital transformation journeys. It generates maximum revenue from the Public segment. The company serves Finance; Government; Manufacturing and engineering; Municipalities; Retail and trade; Service companies; Telecommunication and media; Energy and Utilities and others. Geographically, it derives a majority of its revenue from Denmark.