Greggs (LSE:GRG) Days Payable : 67.10 (As of Dec. 2023)

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What is Greggs Days Payable?

Greggs's average Accounts Payable for the six months ended in Dec. 2023 was £140 Mil. Greggs's Cost of Goods Sold for the six months ended in Dec. 2023 was £381 Mil. Hence, Greggs's Days Payable for the six months ended in Dec. 2023 was 67.10.

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

LSE:GRG' s Days Payable Range Over the Past 10 Years
Min: 45.24 Med: 50.56 Max: 70.17
Current: 65.55

During the past 13 years, Greggs's highest Days Payable was 70.17. The lowest was 45.24. And the median was 50.56.

LSE:GRG's Days Payable is ranked better than
74.76% of 309 companies
in the Retail - Defensive industry
Industry Median: 43.96 vs LSE:GRG: 65.55

Greggs's Days Payable declined from Dec. 2022 (73.25) to Dec. 2023 (67.10). It may suggest that Greggs accelerated paying its suppliers.

Greggs Days Payable Historical Data

The historical data trend for Greggs'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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Greggs Days Payable Chart

Greggs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.47

70.17

50.10

56.20

51.86

Greggs Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															68.82	78.12	73.25	78.52	67.10

Competitive Comparison of Greggs's Days Payable

For the Grocery Stores subindustry, Greggs'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.

Greggs's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Greggs's Days Payable distribution charts can be found below:

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

Greggs 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.

Greggs'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
=	( (102.8	+	99.1)	/	2 )	/	710.5	*	365
=	100.95					/	710.5	*	365
=	51.86

Greggs'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (180.9	+	99.1)	/	2 )	/	380.8	*	365 / 2
=	140					/	380.8	*	365 / 2
=	67.10

Greggs Days Payable Related Terms

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Greggs (LSE:GRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Greggs PLC (LSE:GRG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GGGSY:USA GRGl:UK 41G1:Germany

Address

Greggs House, Quorum Business Park, Newcastle upon Tyne, GBR, NE12 8BU

Website

https://www.greggs.co.uk

Greggs PLC is a U.K.-based company that is principally engaged in manufacturing, distributing, and retailing bakery goods, sandwiches, and drinks under the Greggs brand. The company focuses on the food-on-the-go market. It has a vertically integrated supply network, with its bakeries & delivery network. Greggs operates in two segments: Company-managed retail activities and B2B channels. Its shops are located in retail & industrial parks, motorway service stations, and travel hubs, to meet the demands of busy customers. The company generates all its revenue from the United Kingdom.

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