Premier Miton Group (LSE:PMI) Days Payable : 4,104.48 (As of Mar. 2024)

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What is Premier Miton Group Days Payable?

Premier Miton Group's average Accounts Payable for the six months ended in Mar. 2024 was £68.33 Mil. Premier Miton Group's Cost of Goods Sold for the six months ended in Mar. 2024 was £3.04 Mil. Hence, Premier Miton Group's Days Payable for the six months ended in Mar. 2024 was 4,104.48.

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

LSE:PMI' s Days Payable Range Over the Past 10 Years
Min: 32.31 Med: 77.27 Max: 5451.88
Current: 5451.88

During the past 12 years, Premier Miton Group's highest Days Payable was 5451.88. The lowest was 32.31. And the median was 77.27.

LSE:PMI's Days Payable is ranked better than
96.15% of 468 companies
in the Asset Management industry
Industry Median: 72.31 vs LSE:PMI: 5451.88

Premier Miton Group's Days Payable increased from Mar. 2023 (3,981.97) to Mar. 2024 (4,104.48). It may suggest that Premier Miton Group delayed paying its suppliers.

Premier Miton Group Days Payable Historical Data

The historical data trend for Premier Miton 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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Premier Miton Group Days Payable Chart

Premier Miton Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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94.72

32.31

58.61

77.27

68.07

Premier Miton Group Semi-Annual Data
	Sep13	Sep14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															2,334.81	2,600.68	3,981.97	4,107.88	4,104.48

Competitive Comparison of Premier Miton Group's Days Payable

For the Asset Management subindustry, Premier Miton 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.

Premier Miton Group's Days Payable Distribution in the Asset Management Industry

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

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

Premier Miton 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.

Premier Miton Group's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (1.542	+	1.297)	/	2 )	/	7.612	*	365
=	1.4195					/	7.612	*	365
=	68.07

Premier Miton Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.297	+	135.354)	/	2 )	/	3.038	*	365 / 2
=	68.3255					/	3.038	*	365 / 2
=	4,104.48

Premier Miton Group Days Payable Related Terms

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Premier Miton Group (LSE:PMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Premier Miton Group PLC (LSE:PMI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

High Street, Eastgate Court, Guildford, Surrey, GBR, GU1 3DE

Website

https://www.premiermiton.com

Premier Miton Group PLC is focused on delivering good investment outcomes for investors through relevant products and active management. The company's investment capabilities are designed to meet the investment objectives and preferences of different clients and cover a broad range of multi-asset, equity, absolute return, and fixed income investments. Its only operating segment being asset management. Majority of revenue is generated from Management fees. Revenue is derived from the UK and Channel Islands.

Premier Miton Group (LSE:PMI) Headlines

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