IG Design Group (LSE:IGR) Days Payable : 69.92 (As of Sep. 2023)

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What is IG Design Group Days Payable?

IG Design Group's average Accounts Payable for the six months ended in Sep. 2023 was £108.7 Mil. IG Design Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £283.7 Mil. Hence, IG Design Group's Days Payable for the six months ended in Sep. 2023 was 69.92.

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

LSE:IGR' s Days Payable Range Over the Past 10 Years
Min: 45.75 Med: 52.29 Max: 84.84
Current: 84.84

During the past 13 years, IG Design Group's highest Days Payable was 84.84. The lowest was 45.75. And the median was 52.29.

LSE:IGR's Days Payable is ranked better than
68.7% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs LSE:IGR: 84.84

IG Design Group's Days Payable increased from Sep. 2022 (64.69) to Sep. 2023 (69.92). It may suggest that IG Design Group delayed paying its suppliers.

IG Design Group Days Payable Historical Data

The historical data trend for IG Design 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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IG Design Group Days Payable Chart

IG Design Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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48.76

62.94

58.94

52.20

52.38

IG Design 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															74.38	73.72	64.69	82.23	69.92

Competitive Comparison of IG Design Group's Days Payable

For the Specialty Retail subindustry, IG Design 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.

IG Design Group's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, IG Design Group's Days Payable distribution charts can be found below:

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

IG Design 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.

IG Design 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
=	( (105.427	+	73.957)	/	2 )	/	625.061	*	365
=	89.692					/	625.061	*	365
=	52.38

IG Design 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
=	( (73.957	+	143.39)	/	2 )	/	283.663	*	365 / 2
=	108.6735					/	283.663	*	365 / 2
=	69.92

IG Design Group Days Payable Related Terms

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IG Design Group (LSE:IGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » IG Design Group PLC (LSE:IGR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IGR.GB:UK

Address

Howard Way, Howard House, Interchange Park, Newport Pagnell, GBR, MK16 9PX

Website

https://www.thedesigngroup.com

IG Design Group PLC is a UK-based company that operates in a single segment of design, manufacture, and distribution of Celebrations, Craft and creative play, Stationery, Gifting, and 'Not-for-resale' consumable products. Its Celebrations products are greetings cards, gift wrap, Christmas crackers, gift bags, and partyware. Gifting items include food and non-food gifts, photo Frames and Albums, and Calendars. Its Craft product ranges include Ribbons and Trim, Sewing Patterns, Buttons, Needlecrafts, and Kids Craft lines. The not-For-resale category includes Paper Twist Handle Bags and Polaris. It operates in two geographical segments: DG Americas, which includes overseas operations; and DG International, which consists of the UK and associated Asian operations, Europe, and Australia.