Pennant International Group (LSE:PEN) Days Payable : 161.62 (As of Jun. 2023)

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What is Pennant International Group Days Payable?

Pennant International Group's average Accounts Payable for the six months ended in Jun. 2023 was £3.32 Mil. Pennant International Group's Cost of Goods Sold for the six months ended in Jun. 2023 was £3.75 Mil. Hence, Pennant International Group's Days Payable for the six months ended in Jun. 2023 was 161.62.

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

LSE:PEN' s Days Payable Range Over the Past 10 Years
Min: 28.3 Med: 38.77 Max: 184.38
Current: 184.38

During the past 13 years, Pennant International Group's highest Days Payable was 184.38. The lowest was 28.30. And the median was 38.77.

LSE:PEN's Days Payable is ranked better than
82.46% of 2526 companies
in the Software industry
Industry Median: 50.42 vs LSE:PEN: 184.38

Pennant International Group's Days Payable increased from Jun. 2022 (124.80) to Jun. 2023 (161.62). It may suggest that Pennant International Group delayed paying its suppliers.

Pennant International Group Days Payable Historical Data

The historical data trend for Pennant International 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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Pennant International Group Days Payable Chart

Pennant International Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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39.76

54.35

51.20

28.30

37.25

Pennant International Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															83.45	82.52	124.80	133.75	161.62

Competitive Comparison of Pennant International Group's Days Payable

For the Software - Application subindustry, Pennant International 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.

Pennant International Group's Days Payable Distribution in the Software Industry

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

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

Pennant International 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.

Pennant International Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.841	+	0.771)	/	2 )	/	7.897	*	365
=	0.806					/	7.897	*	365
=	37.25

Pennant International Group's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.771	+	5.871)	/	2 )	/	3.75	*	365 / 2
=	3.321					/	3.75	*	365 / 2
=	161.62

Pennant International Group Days Payable Related Terms

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Pennant International Group (LSE:PEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pennant International Group PLC (LSE:PEN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Old Gloucester Road, Unit D1 Staverton Connection, Cheltenham, Gloucestershire, GBR, GL51 6TL

Website

https://www.pennantplc.co.uk

Pennant International Group PLC is engaged in the delivery of integrated support solutions. The company has two operating segments: Technical Training, and Integrated Product Support. It offers a range of services that cover training equipment, hardware, and related support, including simulation, virtual reality, and computer-based training, technical documentation, media development, software development, and related consultancy. It operates in four geographical areas - the United Kingdom, USA, Canada, and Australia of which the United Kingdom contributes majority of the total revenue. It operates in a broad spectrum of market sectors, including the defense, rail, power and aerospace sectors and with government departments.