Trifork Group AG (OCSE:TRIFOR) Days Payable : 17.09 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Trifork Group AG Days Payable?

Trifork Group AG's average Accounts Payable for the three months ended in Mar. 2024 was kr55 Mil. Trifork Group AG's Cost of Goods Sold for the three months ended in Mar. 2024 was kr293 Mil. Hence, Trifork Group AG's Days Payable for the three months ended in Mar. 2024 was 17.09.

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

OCSE:TRIFOR' s Days Payable Range Over the Past 10 Years
Min: 16.19 Med: 20.64 Max: 22.16
Current: 16.19

During the past 6 years, Trifork Group AG's highest Days Payable was 22.16. The lowest was 16.19. And the median was 20.64.

OCSE:TRIFOR's Days Payable is ranked worse than
84.79% of 2531 companies
in the Software industry
Industry Median: 50.16 vs OCSE:TRIFOR: 16.19

Trifork Group AG's Days Payable increased from Mar. 2023 (13.33) to Mar. 2024 (17.09). It may suggest that Trifork Group AG delayed paying its suppliers.

Trifork Group AG Days Payable Historical Data

The historical data trend for Trifork Group AG'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.

* Premium members only.

Trifork Group AG Days Payable Chart

Trifork Group AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

21.45

22.16

19.83

18.31

17.75

Trifork Group AG Quarterly Data
	Dec18	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														13.33	12.95	16.13	22.24	17.09

Competitive Comparison of Trifork Group AG's Days Payable

For the Information Technology Services subindustry, Trifork Group AG'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.

Trifork Group AG's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Trifork Group AG's Days Payable falls into.

Trifork Group AG 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.

Trifork Group AG'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
=	( (41.245	+	62.914)	/	2 )	/	1070.693	*	365
=	52.0795					/	1070.693	*	365
=	17.75

Trifork Group AG'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
=	( (62.914	+	46.945)	/	2 )	/	293.22	*	365 / 4
=	54.9295					/	293.22	*	365 / 4
=	17.09

Trifork Group AG Days Payable Related Terms

Thank you for viewing the detailed overview of Trifork Group AG's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Trifork Group AG (OCSE:TRIFOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Trifork Group AG (OCSE:TRIFOR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRIFOc:UK

Address

Neuhofstrasse 10, Schindellegi, CHE, 8834

Website

https://www.trifork.com

Trifork Holding AG is an international IT group focusing on the development of software solutions. The company strives to be at the forefront of digital innovation. It focuses on three vertical business areas namely Digital Health, FinTech and Smart Buildings and three horizontals areas such as Cloud Operations, Cyber Protection and Smart Enterprise.

Trifork Group AG (OCSE:TRIFOR) Headlines

No Headlines