Frenkel Topping Group (LSE:FEN) Days Payable : 81.33 (As of Dec. 2023)

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What is Frenkel Topping Group Days Payable?

Frenkel Topping Group's average Accounts Payable for the six months ended in Dec. 2023 was £4.24 Mil. Frenkel Topping Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £9.51 Mil. Hence, Frenkel Topping Group's Days Payable for the six months ended in Dec. 2023 was 81.33.

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

LSE:FEN' s Days Payable Range Over the Past 10 Years
Min: 18.22 Med: 47.23 Max: 92.27
Current: 59.51

During the past 13 years, Frenkel Topping Group's highest Days Payable was 92.27. The lowest was 18.22. And the median was 47.23.

LSE:FEN's Days Payable is ranked worse than
54.49% of 468 companies
in the Asset Management industry
Industry Median: 68.825 vs LSE:FEN: 59.51

Frenkel Topping Group's Days Payable increased from Dec. 2022 (63.25) to Dec. 2023 (81.33). It may suggest that Frenkel Topping Group delayed paying its suppliers.

Frenkel Topping Group Days Payable Historical Data

The historical data trend for Frenkel Topping 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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Frenkel Topping Group Days Payable Chart

Frenkel Topping Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.52

31.55

19.23

19.13

18.22

Frenkel Topping Group 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															100.52	77.49	63.25	78.99	81.33

Competitive Comparison of Frenkel Topping Group's Days Payable

For the Asset Management subindustry, Frenkel Topping 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.

Frenkel Topping Group's Days Payable Distribution in the Asset Management Industry

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

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

Frenkel Topping 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.

Frenkel Topping Group'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
=	( (0.793	+	1.098)	/	2 )	/	18.943	*	365
=	0.9455					/	18.943	*	365
=	18.22

Frenkel Topping Group'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
=	( (7.375	+	1.098)	/	2 )	/	9.507	*	365 / 2
=	4.2365					/	9.507	*	365 / 2
=	81.33

Frenkel Topping Group Days Payable Related Terms

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Frenkel Topping Group (LSE:FEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Frenkel Topping Group PLC (LSE:FEN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Carolina Way, Frenkel House, Salford, Manchester, GBR, M50 2ZY

Website

https://www.frenkeltopping.co.uk

Frenkel Topping Group PLC is a part of the financial services domain in the United Kingdom. Its business involves the provision of specialist independent financial advice and wealth management focused on asset protection. The operating segment includes financial services, Costs Law and Other Professional Services Its primary objective is to grow the assets under management. The company derives revenue mainly from its activities in the United Kingdom.