Relevance Communication Nordic (NGM:RLVNC) Days Payable : 152.89 (As of Dec. 2023)

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What is Relevance Communication Nordic Days Payable?

Relevance Communication Nordic's average Accounts Payable for the three months ended in Dec. 2023 was kr1.84 Mil. Relevance Communication Nordic's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1.10 Mil. Hence, Relevance Communication Nordic's Days Payable for the three months ended in Dec. 2023 was 152.89.

The historical rank and industry rank for Relevance Communication Nordic's Days Payable or its related term are showing as below:

NGM:RLVNC' s Days Payable Range Over the Past 10 Years
Min: 40.34 Med: 89.22 Max: 306.55
Current: 87.37

During the past 8 years, Relevance Communication Nordic's highest Days Payable was 306.55. The lowest was 40.34. And the median was 89.22.

NGM:RLVNC's Days Payable is ranked better than
53.07% of 927 companies
in the Media - Diversified industry
Industry Median: 79.27 vs NGM:RLVNC: 87.37

Relevance Communication Nordic's Days Payable increased from Dec. 2022 (68.92) to Dec. 2023 (152.89). It may suggest that Relevance Communication Nordic delayed paying its suppliers.

Relevance Communication Nordic Days Payable Historical Data

The historical data trend for Relevance Communication Nordic'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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Relevance Communication Nordic Days Payable Chart

Relevance Communication Nordic Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.20

40.34

89.22

84.29

186.42

Relevance Communication Nordic Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															68.92	131.76	77.82	88.61	152.89

Competitive Comparison of Relevance Communication Nordic's Days Payable

For the Publishing subindustry, Relevance Communication Nordic'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.

Relevance Communication Nordic's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Relevance Communication Nordic's Days Payable distribution charts can be found below:

* The bar in red indicates where Relevance Communication Nordic's Days Payable falls into.

Relevance Communication Nordic 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.

Relevance Communication Nordic'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
=	( (1.256	+	2.643)	/	2 )	/	3.817	*	365
=	1.9495					/	3.817	*	365
=	186.42

Relevance Communication Nordic'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.043	+	2.643)	/	2 )	/	1.1	*	365 / 4
=	1.843					/	1.1	*	365 / 4
=	152.89

Relevance Communication Nordic Days Payable Related Terms

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Relevance Communication Nordic (NGM:RLVNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Relevance Communication Nordic (NGM:RLVNC) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Sandhamnsgatan 63C, Stockholm, SWE, 115 28

Website

http://www.news55.se

News55 AB is a media company. Its business includes publishing of regional magazines and newspapers. The company also organizes exhibition for seniors and offers products in advertising and print. It has launched the E55.se site, which focuses on news and guidance in finance, savings and pensions.

Relevance Communication Nordic (NGM:RLVNC) Headlines

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