Lassila & Tikanoja Oyj (OHEL:LAT1V) Days Payable : 192.52 (As of Mar. 2024)

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What is Lassila & Tikanoja Oyj Days Payable?

Lassila & Tikanoja Oyj's average Accounts Payable for the three months ended in Mar. 2024 was €122.0 Mil. Lassila & Tikanoja Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was €57.8 Mil. Hence, Lassila & Tikanoja Oyj's Days Payable for the three months ended in Mar. 2024 was 192.52.

The historical rank and industry rank for Lassila & Tikanoja Oyj's Days Payable or its related term are showing as below:

OHEL:LAT1V' s Days Payable Range Over the Past 10 Years
Min: 20.42 Med: 77.78 Max: 225.13
Current: 225.13

During the past 13 years, Lassila & Tikanoja Oyj's highest Days Payable was 225.13. The lowest was 20.42. And the median was 77.78.

OHEL:LAT1V's Days Payable is ranked better than
76.44% of 225 companies
in the Waste Management industry
Industry Median: 71.54 vs OHEL:LAT1V: 225.13

Lassila & Tikanoja Oyj's Days Payable increased from Mar. 2023 (165.39) to Mar. 2024 (192.52). It may suggest that Lassila & Tikanoja Oyj delayed paying its suppliers.

Lassila & Tikanoja Oyj Days Payable Historical Data

The historical data trend for Lassila & Tikanoja Oyj'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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Lassila & Tikanoja Oyj Days Payable Chart

Lassila & Tikanoja Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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82.36

88.10

79.07

75.37

91.66

Lassila & Tikanoja Oyj 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															165.39	245.81	265.68	163.30	192.52

Competitive Comparison of Lassila & Tikanoja Oyj's Days Payable

For the Waste Management subindustry, Lassila & Tikanoja Oyj'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.

Lassila & Tikanoja Oyj's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Lassila & Tikanoja Oyj's Days Payable distribution charts can be found below:

* The bar in red indicates where Lassila & Tikanoja Oyj's Days Payable falls into.

Lassila & Tikanoja Oyj 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.

Lassila & Tikanoja Oyj'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
=	( (60.1	+	63.7)	/	2 )	/	246.5	*	365
=	61.9					/	246.5	*	365
=	91.66

Lassila & Tikanoja Oyj'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
=	( (63.7	+	180.2)	/	2 )	/	57.8	*	365 / 4
=	121.95					/	57.8	*	365 / 4
=	192.52

Lassila & Tikanoja Oyj Days Payable Related Terms

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Lassila & Tikanoja Oyj (OHEL:LAT1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Lassila & Tikanoja Oyj (OHEL:LAT1V) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LT5:Germany

Address

Valimotie 27, Helsinki, FIN, FIN-00380

Website

https://www.lt.fi

Lassila & Tikanoja Oyj provides waste management and recycling operations, cleaning and repair services, construction, and other environment-related activities. It works to reduce waste, extend useful lives of properties, recover materials, and reduce energy consumption. The company manages different forms of waste, including electrical equipment and paper. The waste is transformed into raw materials and fuel for power plants. Lassila & Tikanoja has four primary business divisions: environmental services, industrial services, facility services, and renewable energy sources. Cleaning staff become familiar with customers' premises and perform environmentally friendly cleaning methods. In addition, the company provides maintenance and installation for technical equipment and machinery.

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