Smiths Group (Smiths Group) Days Payable : 89.75 (As of Jan. 2024)

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What is Smiths Group Days Payable?

Smiths Group's average Accounts Payable for the six months ended in Jan. 2024 was $591 Mil. Smiths Group's Cost of Goods Sold for the six months ended in Jan. 2024 was $1,201 Mil. Hence, Smiths Group's Days Payable for the six months ended in Jan. 2024 was 89.75.

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

SMGKF' s Days Payable Range Over the Past 10 Years
Min: 42.01 Med: 46.03 Max: 102.39
Current: 102.39

During the past 13 years, Smiths Group's highest Days Payable was 102.39. The lowest was 42.01. And the median was 46.03.

SMGKF's Days Payable is ranked better than
64.23% of 2930 companies
in the Industrial Products industry
Industry Median: 76.065 vs SMGKF: 102.39

Smiths Group's Days Payable declined from Jan. 2023 (93.21) to Jan. 2024 (89.75). It may suggest that Smiths Group accelerated paying its suppliers.

Smiths Group Days Payable Historical Data

The historical data trend for Smiths Group'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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Smiths Group Days Payable Chart

Smiths Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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61.15

45.06

43.05

56.69

48.44

Smiths Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Days Payable	Get a 7-Day Free Trial															95.67	98.44	93.21	84.45	89.75

Competitive Comparison of Smiths Group's Days Payable

For the Specialty Industrial Machinery subindustry, Smiths Group'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.

Smiths Group's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Smiths Group's Days Payable distribution charts can be found below:

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

Smiths Group 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.

Smiths Group's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (338.129	+	318.299)	/	2 )	/	2472.938	*	365
=	328.214					/	2472.938	*	365
=	48.44

Smiths Group's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (318.299	+	862.77)	/	2 )	/	1200.763	*	365 / 2
=	590.5345					/	1200.763	*	365 / 2
=	89.75

Smiths Group Days Payable Related Terms

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Smiths Group (Smiths Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (OTCPK:SMGKF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SMGZY:USA SMINl:UK SMIN:UK QS2A:Germany

Address

11-12 St James’s Square, 4th Floor, London, GBR, SW1Y 4LB

Website

https://www.smiths.com

With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, the business is split across four divisions: mechanical seals, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include airports, NASA, government security or defense departments, and hospitals.