IG Group Holdings (IG Group Holdings) Days Payable : 11,544.53 (As of Nov. 2023)

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What is IG Group Holdings Days Payable?

IG Group Holdings's average Accounts Payable for the six months ended in Nov. 2023 was $567 Mil. IG Group Holdings's Cost of Goods Sold for the six months ended in Nov. 2023 was $9 Mil. Hence, IG Group Holdings's Days Payable for the six months ended in Nov. 2023 was 11,544.53.

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

IGGRF' s Days Payable Range Over the Past 10 Years
Min: 180.68 Med: 828.32 Max: 2909.67
Current: 739.64

During the past 13 years, IG Group Holdings's highest Days Payable was 2909.67. The lowest was 180.68. And the median was 828.32.

IGGRF's Days Payable is ranked better than
76% of 525 companies
in the Capital Markets industry
Industry Median: 95.55 vs IGGRF: 739.64

IG Group Holdings's Days Payable increased from Nov. 2022 (9,322.93) to Nov. 2023 (11,544.53). It may suggest that IG Group Holdings delayed paying its suppliers.

IG Group Holdings Days Payable Historical Data

The historical data trend for IG Group Holdings'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.

IG Group Holdings Days Payable Chart

IG Group Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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2,336.51

2,966.71

540.52

902.82

819.43

IG Group Holdings Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Days Payable	Get a 7-Day Free Trial															17,135.71	561.11	9,322.93	383.66	11,544.53

Competitive Comparison of IG Group Holdings's Days Payable

For the Capital Markets subindustry, IG Group Holdings'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.

IG Group Holdings's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IG Group Holdings's Days Payable distribution charts can be found below:

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

IG Group Holdings 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.

IG Group Holdings's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (710.448	+	596.754)	/	2 )	/	291.136	*	365
=	653.601					/	291.136	*	365
=	819.43

IG Group Holdings's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (596.754	+	536.318)	/	2 )	/	8.956	*	365 / 2
=	566.536					/	8.956	*	365 / 2
=	11,544.53

IG Group Holdings Days Payable Related Terms

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IG Group Holdings (IG Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IG Group Holdings PLC (OTCPK:IGGRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IGGHY:USA IGGl:UK IGG:UK I5G:Germany

Address

Cannon Bridge House, 25 Dowgate Hill, London, GBR, EC4R 2YA

Website

https://www.iggroup.com

IG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.