Speedy Hire (LSE:SDY) Days Payable : 132.49 (As of Sep. 2023)

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What is Speedy Hire Days Payable?

Speedy Hire's average Accounts Payable for the six months ended in Sep. 2023 was £69.6 Mil. Speedy Hire's Cost of Goods Sold for the six months ended in Sep. 2023 was £95.8 Mil. Hence, Speedy Hire's Days Payable for the six months ended in Sep. 2023 was 132.49.

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

LSE:SDY' s Days Payable Range Over the Past 10 Years
Min: 85.4 Med: 163.88 Max: 195.33
Current: 136.91

During the past 13 years, Speedy Hire's highest Days Payable was 195.33. The lowest was 85.40. And the median was 163.88.

LSE:SDY's Days Payable is ranked better than
82.02% of 923 companies
in the Business Services industry
Industry Median: 47.09 vs LSE:SDY: 136.91

Speedy Hire's Days Payable declined from Sep. 2022 (150.53) to Sep. 2023 (132.49). It may suggest that Speedy Hire accelerated paying its suppliers.

Speedy Hire Days Payable Historical Data

The historical data trend for Speedy Hire'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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Speedy Hire Days Payable Chart

Speedy Hire Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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129.06

114.00

182.87

164.11

85.40

Speedy Hire Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															217.48	161.16	150.53	116.55	132.49

Competitive Comparison of Speedy Hire's Days Payable

For the Rental & Leasing Services subindustry, Speedy Hire'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.

Speedy Hire's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Speedy Hire's Days Payable distribution charts can be found below:

* The bar in red indicates where Speedy Hire's Days Payable falls into.

Speedy Hire 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.

Speedy Hire's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (53.6	+	50.1)	/	2 )	/	221.6	*	365
=	51.85					/	221.6	*	365
=	85.40

Speedy Hire's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (50.1	+	89)	/	2 )	/	95.8	*	365 / 2
=	69.55					/	95.8	*	365 / 2
=	132.49

Speedy Hire Days Payable Related Terms

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Speedy Hire (LSE:SDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Speedy Hire PLC (LSE:SDY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SDYl:UK SDY.GB:UK 5HN:Germany

Address

Chase House, 16 The Parks, Newton-le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.speedyservices.com

Speedy Hire PLC is a UK-based company engaged in the provision of equipment for hire and sale and associated services to construction, infrastructure, industry, and related industries. It delivers asset management with tailored services and a continued commitment to relationship management. It generates revenue from Hire and related activities followed by services provided. The company's geographical segments are the United Kingdom and Ireland, of which the majority of its revenue comes from the United Kingdom.