Made Tech Group (LSE:MTEC) Days Payable : 51.29 (As of Nov. 2023)

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What is Made Tech Group Days Payable?

Made Tech Group's average Accounts Payable for the six months ended in Nov. 2023 was £3.38 Mil. Made Tech Group's Cost of Goods Sold for the six months ended in Nov. 2023 was £12.03 Mil. Hence, Made Tech Group's Days Payable for the six months ended in Nov. 2023 was 51.29.

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

LSE:MTEC' s Days Payable Range Over the Past 10 Years
Min: 25.52 Med: 30.69 Max: 54.24
Current: 54.24

During the past 5 years, Made Tech Group's highest Days Payable was 54.24. The lowest was 25.52. And the median was 30.69.

LSE:MTEC's Days Payable is ranked better than
51.9% of 2532 companies
in the Software industry
Industry Median: 50.275 vs LSE:MTEC: 54.24

Made Tech Group's Days Payable increased from Nov. 2022 (44.10) to Nov. 2023 (51.29). It may suggest that Made Tech Group delayed paying its suppliers.

Made Tech Group Days Payable Historical Data

The historical data trend for Made Tech 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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Made Tech Group Days Payable Chart

Made Tech Group Annual Data

Trend

May19

May20

May21

May22

May23

Days Payable

26.83

37.48

25.52

34.94

30.69

Made Tech Group Semi-Annual Data
	May19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Days Payable	Get a 7-Day Free Trial				49.21	48.64	44.10	42.47	51.29

Competitive Comparison of Made Tech Group's Days Payable

For the Information Technology Services subindustry, Made Tech 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.

Made Tech Group's Days Payable Distribution in the Software Industry

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

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

Made Tech 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.

Made Tech Group's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (2.705	+	1.634)	/	2 )	/	25.802	*	365
=	2.1695					/	25.802	*	365
=	30.69

Made Tech Group's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (1.634	+	5.126)	/	2 )	/	12.027	*	365 / 2
=	3.38					/	12.027	*	365 / 2
=	51.29

Made Tech Group Days Payable Related Terms

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Made Tech Group (LSE:MTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Made Tech Group PLC (LSE:MTEC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5UH:Germany

Address

4 O’Meara Street, London, GBR, SE1 1TE

Website

https://www.madetech.com

Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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