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GB Group (GB Group) Days Payable : 49.23 (As of Sep. 2023)


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What is GB Group Days Payable?

GB Group's average Accounts Payable for the six months ended in Sep. 2023 was $13.6 Mil. GB Group's Cost of Goods Sold for the six months ended in Sep. 2023 was $50.5 Mil. Hence, GB Group's Days Payable for the six months ended in Sep. 2023 was 49.23.

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

GBGPF' s Days Payable Range Over the Past 10 Years
Min: 43.73   Med: 59.47   Max: 84.07
Current: 47.38

During the past 13 years, GB Group's highest Days Payable was 84.07. The lowest was 43.73. And the median was 59.47.

GBGPF's Days Payable is ranked worse than
52.32% of 2523 companies
in the Software industry
Industry Median: 51.26 vs GBGPF: 47.38

GB Group's Days Payable declined from Sep. 2022 (52.78) to Sep. 2023 (49.23). It may suggest that GB Group accelerated paying its suppliers.

GB Group Days Payable Historical Data

The historical data trend for GB 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.

* Premium members only.

GB Group Days Payable Chart

GB Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.07 65.31 43.81 44.59 51.57

GB Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 112.06 107.57 52.78 45.05 49.23

Competitive Comparison of GB Group's Days Payable

For the Software - Application subindustry, GB 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.

GB Group's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, GB Group's Days Payable distribution charts can be found below:

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


GB 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.

GB Group'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
=( (13.91 + 13.868) / 2 ) / 98.294*365
=13.889 / 98.294*365
=51.57

GB Group'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
=( (13.868 + 13.359) / 2 ) / 50.462*365 / 2
=13.6135 / 50.462*365 / 2
=49.23

* 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.

GB Group Days Payable Related Terms

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GB Group (GB Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » GB Group PLC (OTCPK:GBGPF) » Definitions » Days Payable
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Traded in Other Exchanges
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Address
The Foundation, Herons Way, Chester Business Park, Chester, GBR, CH4 9GB
Website
https://www.gbgplc.com
GB Group PLC provides identity intelligence solutions through its three divisions Location, Identity, and Fraud. It offers electronic ID Verification services, ID Registration, ID Engage, and ID Trace and Investigates software and services. GB Group's technology supports customers in traditional banking, government, utilities, retail, and transport as well as newly emerging industries such as eCommerce, online gaming, cryptocurrency, and mobile payments. The company has a strong geographical presence in the United Kingdom, the United States of America, and Australia and generates revenues from the sale of software and rendering of services.