Careium AB (FRA:I81) Days Payable : 27.68 (As of Mar. 2024)

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What is Careium AB Days Payable?

Careium AB's average Accounts Payable for the three months ended in Mar. 2024 was €3.23 Mil. Careium AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €10.64 Mil. Hence, Careium AB's Days Payable for the three months ended in Mar. 2024 was 27.68.

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

FRA:I81' s Days Payable Range Over the Past 10 Years
Min: 27.38 Med: 44.85 Max: 57.87
Current: 27.38

During the past 5 years, Careium AB's highest Days Payable was 57.87. The lowest was 27.38. And the median was 44.85.

FRA:I81's Days Payable is ranked worse than
69.85% of 922 companies
in the Business Services industry
Industry Median: 47.74 vs FRA:I81: 27.38

Careium AB's Days Payable declined from Mar. 2023 (28.93) to Mar. 2024 (27.68). It may suggest that Careium AB accelerated paying its suppliers.

Careium AB Days Payable Historical Data

The historical data trend for Careium AB'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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Careium AB Days Payable Chart

Careium AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

44.85

38.14

58.03

49.02

27.72

Careium AB Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											28.93	-	-	27.63	27.68

Competitive Comparison of Careium AB's Days Payable

For the Security & Protection Services subindustry, Careium AB'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.

Careium AB's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Careium AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Careium AB's Days Payable falls into.

Careium AB 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.

Careium AB'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
=	( (3.347	+	3.227)	/	2 )	/	43.277	*	365
=	3.287					/	43.277	*	365
=	27.72

Careium AB'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
=	( (3.227	+	0)	/	1 )	/	10.64	*	365 / 4
=	3.227					/	10.64	*	365 / 4
=	27.68

Careium AB Days Payable Related Terms

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Careium AB (FRA:I81) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Careium AB (FRA:I81) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CARE:Sweden

Address

Jorgen Kocksgatan 1B, Malmo, SWE, 211 20

Website

https://www.careium.com

Careium AB is a player in technology-enabled care in Sweden which provides solutions to improve the safety, quality of life, and independence of seniors both inside and outside the home. It offers a complete digital alarm chain. Its product catalog includes security alarms, fall sensors, smoke detectors motion detectors, accessories such as cameras, electronic locks, robotic medication assistive devices, and secure communication with alarm response. Geographically it has a presence in Nordics, the United Kingdom and Ireland, Central Europe, and Other markets, Its majority of the revenue comes from Nordics.

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