MITIE Group (LSE:MTO) Days Payable : 85.94 (As of Sep. 2023)

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What is MITIE Group Days Payable?

MITIE Group's average Accounts Payable for the six months ended in Sep. 2023 was £877 Mil. MITIE Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £1,861 Mil. Hence, MITIE Group's Days Payable for the six months ended in Sep. 2023 was 85.94.

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

LSE:MTO' s Days Payable Range Over the Past 10 Years
Min: 38.28 Med: 86.07 Max: 103.18
Current: 83.78

During the past 13 years, MITIE Group's highest Days Payable was 103.18. The lowest was 38.28. And the median was 86.07.

LSE:MTO's Days Payable is ranked better than
69.98% of 926 companies
in the Business Services industry
Industry Median: 47.265 vs LSE:MTO: 83.78

MITIE Group's Days Payable declined from Sep. 2022 (89.60) to Sep. 2023 (85.94). It may suggest that MITIE Group accelerated paying its suppliers.

MITIE Group Days Payable Historical Data

The historical data trend for MITIE 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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MITIE Group Days Payable Chart

MITIE Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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73.37

101.33

99.78

81.59

90.55

MITIE 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															80.70	81.07	89.60	84.06	85.94

Competitive Comparison of MITIE Group's Days Payable

For the Specialty Business Services subindustry, MITIE 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.

MITIE Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MITIE Group's Days Payable distribution charts can be found below:

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

MITIE 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.

MITIE 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
=	( (841.2	+	899.5)	/	2 )	/	3508.5	*	365
=	870.35					/	3508.5	*	365
=	90.55

MITIE 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
=	( (899.5	+	853.5)	/	2 )	/	1861.4	*	365 / 2
=	876.5					/	1861.4	*	365 / 2
=	85.94

MITIE Group Days Payable Related Terms

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MITIE Group (LSE:MTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MITIE Group PLC (LSE:MTO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MITFY:USA MITFF:USA MTOl:UK MZ4:Germany

Address

32 London Bridge Street, The Shard, Level 12, Southwark, London, GBR, SE1 9SG

Website

https://www.mitie.com

MITIE Group PLC is a U.K.-based company. The company has five reportable segments: Technical services, Business services, care, and custody, Landscapes, Waste, Communities, Specialist Services, and Spain. Through these segments, the company provides facilities management, consultancy, and security services. The company generates the majority of its revenue from the technical services and business services segments. Geographically, the company generates a majority of its revenue from the United Kingdom.

MITIE Group (LSE:MTO) Headlines

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