Arribatec Group ASA (CHIX:ARRO) Days Payable : 94.30 (As of Mar. 2024)

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What is Arribatec Group ASA Days Payable?

Arribatec Group ASA's average Accounts Payable for the three months ended in Mar. 2024 was kr35.8 Mil. Arribatec Group ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr34.7 Mil. Hence, Arribatec Group ASA's Days Payable for the three months ended in Mar. 2024 was 94.30.

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

CHIX:ARRo' s Days Payable Range Over the Past 10 Years
Min: 43.27 Med: 265.28 Max: 1215.02
Current: 85.84

During the past 13 years, Arribatec Group ASA's highest Days Payable was 1215.02. The lowest was 43.27. And the median was 265.28.

CHIX:ARRo's Days Payable is ranked better than
64.72% of 2534 companies
in the Software industry
Industry Median: 50.345 vs CHIX:ARRo: 85.84

Arribatec Group ASA's Days Payable increased from Mar. 2023 (83.56) to Mar. 2024 (94.30). It may suggest that Arribatec Group ASA delayed paying its suppliers.

Arribatec Group ASA Days Payable Historical Data

The historical data trend for Arribatec Group ASA'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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Arribatec Group ASA Days Payable Chart

Arribatec Group ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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265.67

327.51

88.82

84.25

98.62

Arribatec Group ASA Quarterly Data
	Mar19	Jun19	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															83.56	72.73	75.97	99.68	94.30

Competitive Comparison of Arribatec Group ASA's Days Payable

For the Information Technology Services subindustry, Arribatec Group ASA'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.

Arribatec Group ASA's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Arribatec Group ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Arribatec Group ASA's Days Payable falls into.

Arribatec Group ASA 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.

Arribatec Group ASA'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
=	( (31.879	+	39.816)	/	2 )	/	132.673	*	365
=	35.8475					/	132.673	*	365
=	98.62

Arribatec Group ASA'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
=	( (39.816	+	31.836)	/	2 )	/	34.669	*	365 / 4
=	35.826					/	34.669	*	365 / 4
=	94.30

Arribatec Group ASA Days Payable Related Terms

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Arribatec Group ASA (CHIX:ARRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Arribatec Group ASA (CHIX:ARRo) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HIDDNo:Sweden ARR:Norway

Address

Sjolyst plass 2, Oslo, NOR, 0585

Website

https://www.arribatec.com

Arribatec Group ASA is a software and consulting company. It services comprise Business services focusing on ERP, BI & Analytics, Devops, integrations, and research management; EA & BPM provides Enterprise Architecture and Business Process Management; Cloud provides Cloud solutions hybrid, Azure, Splunk, GDPR. Arribatec Cloud provides consulting outsourcing, and cloud services to private and public enterprises. Hospitality delivers a variety of different solutions within self check-in, check-out, housekeeping management, conference systems. Marine is the Business Unit of Arribatec Group focusing on the Maritime sector.

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