ZignSec AB (OSTO:ZIGN) Days Payable : 18.71 (As of Mar. 2024)

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What is ZignSec AB Days Payable?

ZignSec AB's average Accounts Payable for the three months ended in Mar. 2024 was kr3.40 Mil. ZignSec AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr16.60 Mil. Hence, ZignSec AB's Days Payable for the three months ended in Mar. 2024 was 18.71.

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

OSTO:ZIGN' s Days Payable Range Over the Past 10 Years
Min: 16.28 Med: 24.36 Max: 49.02
Current: 16.28

During the past 8 years, ZignSec AB's highest Days Payable was 49.02. The lowest was 16.28. And the median was 24.36.

OSTO:ZIGN's Days Payable is ranked worse than
84.71% of 2531 companies
in the Software industry
Industry Median: 50.16 vs OSTO:ZIGN: 16.28

ZignSec AB's Days Payable increased from Mar. 2023 (11.98) to Mar. 2024 (18.71). It may suggest that ZignSec AB delayed paying its suppliers.

ZignSec AB Days Payable Historical Data

The historical data trend for ZignSec 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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ZignSec AB Days Payable Chart

ZignSec AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.51

49.02

25.43

16.65

17.19

ZignSec 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															11.98	11.35	18.62	21.28	18.71

Competitive Comparison of ZignSec AB's Days Payable

For the Software - Infrastructure subindustry, ZignSec 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.

ZignSec AB's Days Payable Distribution in the Software Industry

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

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

ZignSec 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.

ZignSec 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
=	( (3.133	+	3.609)	/	2 )	/	71.587	*	365
=	3.371					/	71.587	*	365
=	17.19

ZignSec 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
=	( (3.609	+	3.2)	/	2 )	/	16.6	*	365 / 4
=	3.4045					/	16.6	*	365 / 4
=	18.71

ZignSec AB Days Payable Related Terms

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ZignSec AB (OSTO:ZIGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ZignSec AB (OSTO:ZIGN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

Z6C:Germany

Address

Gävlegatan 12 B, Stockholm, SWE, 113 30

Website

https://www.zignsec.com

ZignSec AB is a technology group in the fast-growing RegTech industry. The company provides SaaS platform with digital real-time solutions for customer due diligence and ID verification. The solutions are used by companies that in turn can optimize their processes for onboarding both corporate customers and consumers. The company solutions ensure compliance with ever-changing local and regulatory requirements for KYC and AML (Anti Money Laundering).

ZignSec AB (OSTO:ZIGN) Headlines

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