Rank Group (The) (Rank Group (The)) Days Payable : 65.80 (As of Jun. 2023)

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What is Rank Group (The) Days Payable?

Rank Group (The)'s average Accounts Payable for the six months ended in Jun. 2023 was $99.0 Mil. Rank Group (The)'s Cost of Goods Sold for the six months ended in Jun. 2023 was $274.6 Mil. Hence, Rank Group (The)'s Days Payable for the six months ended in Jun. 2023 was 65.80.

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

RANKF' s Days Payable Range Over the Past 10 Years
Min: 8 Med: 22.73 Max: 46.19
Current: 46.19

During the past 13 years, Rank Group (The)'s highest Days Payable was 46.19. The lowest was 8.00. And the median was 22.73.

RANKF's Days Payable is ranked worse than
59.12% of 751 companies
in the Travel & Leisure industry
Industry Median: 60.61 vs RANKF: 46.19

Rank Group (The)'s Days Payable declined from Jun. 2022 (78.03) to Jun. 2023 (65.80). It may suggest that Rank Group (The) accelerated paying its suppliers.

Rank Group (The) Days Payable Historical Data

The historical data trend for Rank Group (The)'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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Rank Group (The) Days Payable Chart

Rank Group (The) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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8.46

21.81

31.84

28.80

16.92

Rank Group (The) 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															79.66	83.62	78.03	55.54	65.80

Competitive Comparison of Rank Group (The)'s Days Payable

For the Gambling subindustry, Rank Group (The)'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.

Rank Group (The)'s Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Rank Group (The)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Rank Group (The)'s Days Payable falls into.

Rank Group (The) 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.

Rank Group (The)'s Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (44.089	+	16.919)	/	2 )	/	658.207	*	365
=	30.504					/	658.207	*	365
=	16.92

Rank Group (The)'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
=	( (181.121	+	16.919)	/	2 )	/	274.621	*	365 / 2
=	99.02					/	274.621	*	365 / 2
=	65.80

Rank Group (The) Days Payable Related Terms

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Rank Group (The) (Rank Group (The)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rank Group (The) PLC (OTCPK:RANKF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RNKl:UK RNK:UK RNKA:Germany

Address

TOR, Saint-Cloud Way, Maidenhead, GBR, SL6 8BN

Website

https://www.rank.com

Rank Group (The) PLC is a gambling company with five primary business segments: Grosvenor Venues, Mecca Venues, Digital, Enracha Venues, and Central Costs. Its largest revenue producer is Grosvenor Casinos, a multichannel casino operator in the United Kingdom, which operates a variety of casino and slot machine games. Mecca is a multichannel bingo chain that also operates in the U.K. Enracha is the company's gaming business, which operates in the Spanish market. Rank's digital business segment offers online sports betting and online poker. The company generates most of its revenue in the United Kingdom.