FDM Group (Holdings) (LSE:FDM) Days Payable : 3.96 (As of Dec. 2023)

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What is FDM Group (Holdings) Days Payable?

FDM Group (Holdings)'s average Accounts Payable for the six months ended in Dec. 2023 was £1.8 Mil. FDM Group (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was £81.2 Mil. Hence, FDM Group (Holdings)'s Days Payable for the six months ended in Dec. 2023 was 3.96.

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

LSE:FDM' s Days Payable Range Over the Past 10 Years
Min: 2.94 Med: 4.4 Max: 11.17
Current: 3.91

During the past 13 years, FDM Group (Holdings)'s highest Days Payable was 11.17. The lowest was 2.94. And the median was 4.40.

LSE:FDM's Days Payable is ranked worse than
96.67% of 2522 companies
in the Software industry
Industry Median: 51.485 vs LSE:FDM: 3.91

FDM Group (Holdings)'s Days Payable increased from Dec. 2022 (3.41) to Dec. 2023 (3.96). It may suggest that FDM Group (Holdings) delayed paying its suppliers.

FDM Group (Holdings) Days Payable Historical Data

The historical data trend for FDM 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.

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FDM Group (Holdings) Days Payable Chart

FDM Group (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4.63

4.04

2.94

3.45

3.72

FDM Group (Holdings) 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															4.13	2.86	3.41	4.05	3.96

Competitive Comparison of FDM Group (Holdings)'s Days Payable

For the Information Technology Services subindustry, FDM 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.

FDM Group (Holdings)'s Days Payable Distribution in the Software Industry

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

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

FDM 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.

FDM Group (Holdings)'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
=	( (2.184	+	1.435)	/	2 )	/	177.449	*	365
=	1.8095					/	177.449	*	365
=	3.72

FDM Group (Holdings)'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
=	( (2.088	+	1.435)	/	2 )	/	81.171	*	365 / 2
=	1.7615					/	81.171	*	365 / 2
=	3.96

FDM Group (Holdings) Days Payable Related Terms

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FDM Group (Holdings) (LSE:FDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FDM Group (Holdings) PLC (LSE:FDM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FDMl:UK FDM.GB:UK 17F:Germany

Address

Cottons Lane, 3rd Floor, Cottons Centre, London, GBR, SE1 2QG

Website

https://www.fdmgroup.com

FDM Group (Holdings) PLC is a holdings company that provides a variety of information technology, or IT, services through its subsidiaries. The company's primary services consist of IT and business consulting with a focus on application development and testing, support, project management, data services, business analysis, business intelligence, and cybersecurity. The company organizes itself into four segments based on geography: United Kingdom, North America, Europe, the Middle East and Africa, and Asia-Pacific. The United Kingdom segment generates the majority of revenue.