Weir Group (LSE:WEIR) Days Payable : 90.09 (As of Dec. 2023)

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What is Weir Group Days Payable?

Weir Group's average Accounts Payable for the six months ended in Dec. 2023 was £409 Mil. Weir Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £828 Mil. Hence, Weir Group's Days Payable for the six months ended in Dec. 2023 was 90.09.

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

LSE:WEIR' s Days Payable Range Over the Past 10 Years
Min: 64.43 Med: 73.51 Max: 91.76
Current: 84.28

During the past 13 years, Weir Group's highest Days Payable was 91.76. The lowest was 64.43. And the median was 73.51.

LSE:WEIR's Days Payable is ranked better than
54.69% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs LSE:WEIR: 84.28

Weir Group's Days Payable increased from Dec. 2022 (88.56) to Dec. 2023 (90.09). It may suggest that Weir Group delayed paying its suppliers.

Weir Group Days Payable Historical Data

The historical data trend for Weir 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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Weir Group Days Payable Chart

Weir Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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91.76

74.73

66.94

65.23

64.43

Weir 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															93.31	101.59	88.56	98.39	90.09

Competitive Comparison of Weir Group's Days Payable

For the Specialty Industrial Machinery subindustry, Weir 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.

Weir Group's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Weir Group's Days Payable distribution charts can be found below:

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

Weir 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.

Weir 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
=	( (319.3	+	260.1)	/	2 )	/	1641.1	*	365
=	289.7					/	1641.1	*	365
=	64.43

Weir 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
=	( (557.4	+	260.1)	/	2 )	/	828	*	365 / 2
=	408.75					/	828	*	365 / 2
=	90.09

Weir Group Days Payable Related Terms

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Weir Group (LSE:WEIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weir Group PLC (LSE:WEIR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WEIGF:USA WEGRY:USA WEIRl:UK

Address

1 West Regent Street, Glasgow, GBR, G2 1RW

Website

https://www.global.weir

Weir Group PLC manufactures equipment for minerals and other industrial end markets. The company's operating segment includes Minerals and ESCO. The Minerals segment is into engineering, manufacturing and service processing technology used in abrasive, high-wear mining applications. It is also used in infrastructure and general industrial markets. The ESCO segment is into the provision of Ground Engaging Tools (G.E.T.) for large mining machines. It operates predominantly in mining and infrastructure markets where its technology improves productivity through extended wear life, increased safety and reduced energy consumption. The company generates maximum revenue from the Minerals segment. Geographically, the company derives a majority of its revenue from South America.

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