Infortar AS (OTSE:INF1T) Days Payable : 18.46 (As of Dec. 2023)

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What is Infortar AS Days Payable?

Infortar AS's average Accounts Payable for the six months ended in Dec. 2023 was €47 Mil. Infortar AS's Cost of Goods Sold for the six months ended in Dec. 2023 was €935 Mil. Hence, Infortar AS's Days Payable for the six months ended in Dec. 2023 was 9.23.

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

OTSE:INF1T' s Days Payable Range Over the Past 10 Years
Min: 9.64 Med: 15.26 Max: 18.46
Current: 18.46

During the past 4 years, Infortar AS's highest Days Payable was 18.46. The lowest was 9.64. And the median was 15.26.

OTSE:INF1T's Days Payable is ranked worse than
82.26% of 468 companies
in the Asset Management industry
Industry Median: 70.455 vs OTSE:INF1T: 18.46

Infortar AS's Days Payable increased from Dec. 2021 (17.69) to Dec. 2023 (18.46). It may suggest that Infortar AS delayed paying its suppliers.

Infortar AS Days Payable Historical Data

The historical data trend for Infortar 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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Infortar AS Days Payable Chart

Infortar AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

12.82

17.69

9.64

18.46

Infortar AS Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Days Payable	12.82	17.69	9.64	18.46

Competitive Comparison of Infortar AS's Days Payable

For the Asset Management subindustry, Infortar 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.

Infortar AS's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Infortar AS's Days Payable distribution charts can be found below:

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

Infortar 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.

Infortar AS'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
=	( (19.845	+	74.751)	/	2 )	/	935.153	*	365
=	47.298					/	935.153	*	365
=	18.46

Infortar AS's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.845	+	74.751)	/	2 )	/	935.153	*	365 / 2
=	47.298					/	935.153	*	365 / 2
=	9.23

Infortar AS Days Payable Related Terms

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Infortar AS (OTSE:INF1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Infortar AS (OTSE:INF1T) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

X8K:Germany

Address

Sadama 5, Tallinn, EST, 10111

Website

https://www.infortar.ee

Infortar AS is an investment holding company in the Baltics. The group focus is on four segment areas which are energy, shipping, real estate, and others. Energy segment consisting of natural gas and electricity trade and sale, natural gas distribution service, sale and bunkering of liquefied natural gas, sale of compressed gas, biomethane production, and solar electricity production, Real estate segment consisting of hotels, office buildings, logistics center, and other real estate object, and Other segment which predominantly includes construction, drug and pharmacy wholesale, building materials, printing, taxicab, and other activities.

Infortar AS (OTSE:INF1T) Headlines

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