ELMO Rent AS (OTSE:ELMO) Days Payable : 0.00 (As of Jun. 2023)

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What is ELMO Rent AS Days Payable?

ELMO Rent AS's average Accounts Payable for the six months ended in Jun. 2023 was €0.47 Mil. ELMO Rent AS's Cost of Goods Sold for the six months ended in Jun. 2023 was €-1.24 Mil.

The historical rank and industry rank for ELMO Rent AS's Days Payable or its related term are showing as below:

OTSE:ELMO' s Days Payable Range Over the Past 10 Years
Min: 43.47 Med: 72.8 Max: 86.57
Current: 79.93

During the past 4 years, ELMO Rent AS's highest Days Payable was 86.57. The lowest was 43.47. And the median was 72.80.

OTSE:ELMO's Days Payable is ranked better than
69.02% of 920 companies
in the Business Services industry
Industry Median: 47.92 vs OTSE:ELMO: 79.93

ELMO Rent AS's Days Payable declined from Jun. 2022 (58.90) to Jun. 2023 (0.00). It may suggest that ELMO Rent AS accelerated paying its suppliers.

ELMO Rent AS Days Payable Historical Data

The historical data trend for ELMO Rent AS'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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ELMO Rent AS Days Payable Chart

ELMO Rent AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

86.57

65.67

43.47

79.93

ELMO Rent AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial			48.34	42.28	58.90	80.57	-

Competitive Comparison of ELMO Rent AS's Days Payable

For the Rental & Leasing Services subindustry, ELMO Rent AS'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.

ELMO Rent AS's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ELMO Rent AS's Days Payable distribution charts can be found below:

* The bar in red indicates where ELMO Rent AS's Days Payable falls into.

ELMO Rent AS 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.

ELMO Rent AS's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.183	+	0.403)	/	2 )	/	1.338	*	365
=	0.293					/	1.338	*	365
=	79.93

ELMO Rent AS's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.403	+	0.535)	/	2 )	/	-1.237	*	365 / 2
=	0.469					/	-1.237	*	365 / 2
=	N/A

ELMO Rent AS Days Payable Related Terms

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ELMO Rent AS (OTSE:ELMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ELMO Rent AS (OTSE:ELMO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kivi 12, Laane-Harju, Paldiski, EST, 76805

Website

https://www.elmorent.ee

ELMO Rent AS is engaged in the provision of green vehicle-sharing services and the development, launching, and scaling of related green and innovative technologies, such as a vehicle fleet IT operation system, an automatic controller, and a remotely controlled vehicle.

ELMO Rent AS (OTSE:ELMO) Headlines

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