Tekmar Group (STU:6UA) Days Payable : 92.96 (As of Mar. 2024)

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What is Tekmar Group Days Payable?

Tekmar Group's average Accounts Payable for the six months ended in Mar. 2024 was €6.44 Mil. Tekmar Group's Cost of Goods Sold for the six months ended in Mar. 2024 was €12.65 Mil. Hence, Tekmar Group's Days Payable for the six months ended in Mar. 2024 was 92.96.

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

STU:6UA' s Days Payable Range Over the Past 10 Years
Min: 51.14 Med: 87.74 Max: 109.82
Current: 96.71

During the past 8 years, Tekmar Group's highest Days Payable was 109.82. The lowest was 51.14. And the median was 87.74.

STU:6UA's Days Payable is ranked better than
61.46% of 1601 companies
in the Construction industry
Industry Median: 76.01 vs STU:6UA: 96.71

Tekmar Group's Days Payable declined from Mar. 2023 (133.95) to Mar. 2024 (92.96). It may suggest that Tekmar Group accelerated paying its suppliers.

Tekmar Group Days Payable Historical Data

The historical data trend for Tekmar 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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Tekmar Group Days Payable Chart

Tekmar Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Sep22

Sep23

Days Payable

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69.86

90.62

89.35

91.59

50.80

Tekmar Group Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial									171.73	117.91	133.95	80.43	92.96

Competitive Comparison of Tekmar Group's Days Payable

For the Engineering & Construction subindustry, Tekmar 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.

Tekmar Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tekmar Group's Days Payable distribution charts can be found below:

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

Tekmar 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.

Tekmar 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
=	( (4.782	+	5.098)	/	2 )	/	35.494	*	365
=	4.94					/	35.494	*	365
=	50.80

Tekmar 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
=	( (5.098	+	7.787)	/	2 )	/	12.648	*	365 / 2
=	6.4425					/	12.648	*	365 / 2
=	92.96

Tekmar Group Days Payable Related Terms

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Tekmar Group (STU:6UA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tekmar Group PLC (STU:6UA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TGP:UK 6UA:Germany

Address

Centurion Way, Innovation House, Darlington, GBR, DL3 0UP

Website

https://www.tekmargroup.com

Tekmar Group PLC is engaged in the designing, manufacturing, and supply of subsea cable, umbilical, and flexible protection systems. Its sector includes Offshore Wind, Oil & Gas, Interconnectors, Wave & Tidal, Marine Civils, and Telecoms. Geographically it has a presence in the UK and Ireland, China, the USA and Canada, the Middle East, and the Rest of the World, and the majority of the revenue comes from Europe.

Tekmar Group (STU:6UA) Headlines

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