B3 Consulting Group AB (OSTO:B3) Days Payable : 16.85 (As of Mar. 2024)

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What is B3 Consulting Group AB Days Payable?

B3 Consulting Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr40 Mil. B3 Consulting Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr217 Mil. Hence, B3 Consulting Group AB's Days Payable for the three months ended in Mar. 2024 was 16.85.

The historical rank and industry rank for B3 Consulting Group AB's Days Payable or its related term are showing as below:

OSTO:B3' s Days Payable Range Over the Past 10 Years
Min: 15.64 Med: 18.98 Max: 24
Current: 15.64

During the past 11 years, B3 Consulting Group AB's highest Days Payable was 24.00. The lowest was 15.64. And the median was 18.98.

OSTO:B3's Days Payable is ranked worse than
85.07% of 2532 companies
in the Software industry
Industry Median: 50.275 vs OSTO:B3: 15.64

B3 Consulting Group AB's Days Payable increased from Mar. 2023 (13.80) to Mar. 2024 (16.85). It may suggest that B3 Consulting Group AB delayed paying its suppliers.

B3 Consulting Group AB Days Payable Historical Data

The historical data trend for B3 Consulting Group 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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B3 Consulting Group AB Days Payable Chart

B3 Consulting Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.83

16.18

19.08

16.66

17.28

B3 Consulting Group 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															13.80	13.06	18.14	15.57	16.85

Competitive Comparison of B3 Consulting Group AB's Days Payable

For the Information Technology Services subindustry, B3 Consulting Group 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.

B3 Consulting Group AB's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, B3 Consulting Group AB's Days Payable distribution charts can be found below:

* The bar in red indicates where B3 Consulting Group AB's Days Payable falls into.

B3 Consulting Group 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.

B3 Consulting Group 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
=	( (37	+	42.2)	/	2 )	/	836.7	*	365
=	39.6					/	836.7	*	365
=	17.28

B3 Consulting Group 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
=	( (42.2	+	38)	/	2 )	/	217.2	*	365 / 4
=	40.1					/	217.2	*	365 / 4
=	16.85

B3 Consulting Group AB Days Payable Related Terms

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B3 Consulting Group AB (OSTO:B3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » B3 Consulting Group AB (OSTO:B3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

B37:Germany

Address

Kungsbron 2, Box 8, Stockholm, SWE, SE-101 20

Website

http://www.b3it.se

B3 Consulting Group AB is a Sweden based consultancy company which help businesses to streamline their IT operations by developing their technology, processes, strategies, and organization. The company has expertise in fields such as IT management, systems development, databases, telecommunications solutions, healthcare, infrastructure and cloud solutions, testing and quality management, and digital channels.

B3 Consulting Group AB (OSTO:B3) Headlines

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