Smiths News (AQSE:CNCT.GB) Days Payable : 42.80 (As of Feb. 2024)

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What is Smiths News Days Payable?

Smiths News's average Accounts Payable for the six months ended in Feb. 2024 was £118 Mil. Smiths News's Cost of Goods Sold for the six months ended in Feb. 2024 was £505 Mil. Hence, Smiths News's Days Payable for the six months ended in Feb. 2024 was 42.80.

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

AQSE:CNCT.GB' s Days Payable Range Over the Past 10 Years
Min: 27.91 Med: 34.66 Max: 44.99
Current: 44.99

During the past 13 years, Smiths News's highest Days Payable was 44.99. The lowest was 27.91. And the median was 34.66.

AQSE:CNCT.GB's Days Payable is ranked worse than
67.46% of 925 companies
in the Media - Diversified industry
Industry Median: 79.7 vs AQSE:CNCT.GB: 44.99

Smiths News's Days Payable increased from Feb. 2023 (42.03) to Feb. 2024 (42.80). It may suggest that Smiths News delayed paying its suppliers.

Smiths News Days Payable Historical Data

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

Smiths News Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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34.58

35.39

33.85

34.74

35.73

Smiths News Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial															40.63	41.25	42.03	42.91	42.80

Competitive Comparison of Smiths News's Days Payable

For the Publishing subindustry, Smiths News'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 News's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Smiths News's Days Payable distribution charts can be found below:

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

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

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (98.6	+	101)	/	2 )	/	1019.4	*	365
=	99.8					/	1019.4	*	365
=	35.73

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

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (101	+	135.8)	/	2 )	/	504.9	*	365 / 2
=	118.4					/	504.9	*	365 / 2
=	42.80

Smiths News Days Payable Related Terms

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Smiths News (AQSE:CNCT.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Smiths News PLC (AQSE:CNCT.GB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SNWSl:UK SNWS:UK T6N:Germany

Address

Rowan House, Cherry Orchard North, Kembrey Park, Swindon, Wiltshire, GBR, SN2 8UH

Website

https://www.smithsnews.co.uk

Smiths News PLC is a UK-based wholesale distributor of published content. The group is one of the UK's foremost publishers of newspapers and magazines, and it also operates as a book distributor through bookstores and an online platform serving the needs of academics and public libraries. Geographically, it derives a majority of revenue from the United Kingdom. Its segments include Smiths News Core; Dawson Media Direct (DMD); Instore and others.

Smiths News (AQSE:CNCT.GB) Headlines

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