AGES Industri AB (OSTO:AGES B) Days Payable : 44.76 (As of Mar. 2024)

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What is AGES Industri AB Days Payable?

AGES Industri AB's average Accounts Payable for the three months ended in Mar. 2024 was kr175 Mil. AGES Industri AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr356 Mil. Hence, AGES Industri AB's Days Payable for the three months ended in Mar. 2024 was 44.76.

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

OSTO:AGES B' s Days Payable Range Over the Past 10 Years
Min: 33.46 Med: 46.88 Max: 56.82
Current: 46.79

During the past 12 years, AGES Industri AB's highest Days Payable was 56.82. The lowest was 33.46. And the median was 46.88.

OSTO:AGES B's Days Payable is ranked worse than
73.19% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs OSTO:AGES B: 46.79

AGES Industri AB's Days Payable increased from Mar. 2023 (41.66) to Mar. 2024 (44.76). It may suggest that AGES Industri AB delayed paying its suppliers.

AGES Industri AB Days Payable Historical Data

The historical data trend for AGES Industri 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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AGES Industri AB Days Payable Chart

AGES Industri AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.68

53.62

56.82

51.36

46.30

AGES Industri AB 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															41.66	-	-	45.65	44.76

Competitive Comparison of AGES Industri AB's Days Payable

For the Metal Fabrication subindustry, AGES Industri 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.

AGES Industri AB's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AGES Industri AB's Days Payable distribution charts can be found below:

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

AGES Industri 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.

AGES Industri 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
=	( (168.918	+	174.64)	/	2 )	/	1354.098	*	365
=	171.779					/	1354.098	*	365
=	46.30

AGES Industri 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
=	( (174.64	+	0)	/	1 )	/	356	*	365 / 4
=	174.64					/	356	*	365 / 4
=	44.76

AGES Industri AB Days Payable Related Terms

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AGES Industri AB (OSTO:AGES B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AGES Industri AB (OSTO:AGES B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kristian IV's, Vag 3, Plan 13, Halmstad, SWE, 302 50

Website

http://www.ages.se

AGES Industri AB is involved in die casting in aluminum, metal cutting processes, and product assembly in Sweden. The services offered by the company include Casting, Machining, Assembly and Welding.

AGES Industri AB (OSTO:AGES B) Headlines

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