Trifast (CHIX:TRIL) Days Payable : 67.52 (As of Sep. 2024)

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What is Trifast Days Payable?

Trifast's average Accounts Payable for the six months ended in Sep. 2024 was £30.6 Mil. Trifast's Cost of Goods Sold for the six months ended in Sep. 2024 was £82.7 Mil. Hence, Trifast's Days Payable for the six months ended in Sep. 2024 was 67.52.

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

CHIX:TRIl' s Days Payable Range Over the Past 10 Years
Min: 41.29 Med: 52.93 Max: 70.54
Current: 70.54

During the past 13 years, Trifast's highest Days Payable was 70.54. The lowest was 41.29. And the median was 52.93.

CHIX:TRIl's Days Payable is ranked worse than
53.61% of 2947 companies
in the Industrial Products industry
Industry Median: 76.04 vs CHIX:TRIl: 70.54

Trifast's Days Payable increased from Sep. 2023 (57.97) to Sep. 2024 (67.52). It may suggest that Trifast delayed paying its suppliers.

Trifast Days Payable Historical Data

The historical data trend for Trifast'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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Trifast Days Payable Chart

Trifast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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52.25

55.37

55.27

44.91

41.29

Trifast Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial															72.42	63.27	57.97	61.23	67.52

Competitive Comparison of Trifast's Days Payable

For the Tools & Accessories subindustry, Trifast'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.

Trifast's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Trifast's Days Payable distribution charts can be found below:

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

Trifast 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.

Trifast's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (18.281	+	21.181)	/	2 )	/	174.404	*	365
=	19.731					/	174.404	*	365
=	41.29

Trifast's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (21.181	+	40.004)	/	2 )	/	82.687	*	365 / 2
=	30.5925					/	82.687	*	365 / 2
=	67.52

Trifast Days Payable Related Terms

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Trifast Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Trifast PLC (CHIX:TRIl) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRI.GB:UK TRI:UK

Address

Bellbrook Park, Trifast House, Uckfield, East Sussex, GBR, TN22 1QW

Website

https://www.trifast.com

Trifast PLC is engaged in the engineering, manufacturing, and distributing of industrial fastenings and category C components to industrial and retail customers. It serves Electronics, Automotive, Domestic appliances, Distributors, General Industrial, and other sectors. The company's product offerings include screws and bolts, nuts, fasteners, washers, seals, tooling, and driver bits among others. Its geographical segments include the UK and Ireland, Europe, North America, and Asia. It derives a majority of its revenue from the Europe segment which represents the revenue generated from its business in Norway, Sweden, Hungary, Holland, Italy, Germany, and Spain.