Ten Entertainment Group (LSE:TEG) Days Payable : 45.48 (As of Jun. 2023)

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What is Ten Entertainment Group Days Payable?

Ten Entertainment Group's average Accounts Payable for the six months ended in Jun. 2023 was £5.3 Mil. Ten Entertainment Group's Cost of Goods Sold for the six months ended in Jun. 2023 was £21.2 Mil. Hence, Ten Entertainment Group's Days Payable for the six months ended in Jun. 2023 was 45.48.

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

LSE:TEG's Days Payable is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 62.18
* Ranked among companies with meaningful Days Payable only.

Ten Entertainment Group's Days Payable declined from Jun. 2022 (59.96) to Jun. 2023 (45.48). It may suggest that Ten Entertainment Group accelerated paying its suppliers.

Ten Entertainment Group Days Payable Historical Data

The historical data trend for Ten Entertainment 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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Ten Entertainment Group Days Payable Chart

Ten Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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20.52

35.36

59.91

34.35

16.55

Ten Entertainment Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial										322.67	75.63	59.96	51.19	45.48

Competitive Comparison of Ten Entertainment Group's Days Payable

For the Leisure subindustry, Ten Entertainment 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.

Ten Entertainment Group's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Ten Entertainment Group's Days Payable distribution charts can be found below:

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

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Ten Entertainment 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.

Ten Entertainment Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.381	+	1.33)	/	2 )	/	40.915	*	365
=	1.8555					/	40.915	*	365
=	16.55

Ten Entertainment Group's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1.33	+	9.241)	/	2 )	/	21.208	*	365 / 2
=	5.2855					/	21.208	*	365 / 2
=	45.48

Ten Entertainment Group Days Payable Related Terms

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Ten Entertainment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ten Entertainment Group PLC (LSE:TEG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aragon House, University Way, Cranfield Technology Park, Cranfield, Bedford, GBR, MK43 0EQ

Website

https://www.tegplc.co.uk

Ten Entertainment Group PLC is a United Kingdom-based operator of family entertainment centers. Its entertainment options include amusement machines, table tennis, pool tables, Houdini's Escape Rooms, soft play, and laser games. These centers are located in retail and leisure parks. The company operates in two segments: Tenpin Limited and Central. All of the company revenue comes from Tenpin Limited, which is a bowling operator in the United Kingdom.

Ten Entertainment Group Headlines

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