LPL Financial Holdings (FRA:7LI) Days Payable : 124.39 (As of Dec. 2023)

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What is LPL Financial Holdings Days Payable?

LPL Financial Holdings's average Accounts Payable for the three months ended in Dec. 2023 was €2,381 Mil. LPL Financial Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was €1,747 Mil. Hence, LPL Financial Holdings's Days Payable for the three months ended in Dec. 2023 was 124.39.

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

FRA:7LI' s Days Payable Range Over the Past 10 Years
Min: 67.43 Med: 103.42 Max: 153.68
Current: 138.92

During the past 13 years, LPL Financial Holdings's highest Days Payable was 153.68. The lowest was 67.43. And the median was 103.42.

FRA:7LI's Days Payable is ranked better than
54.86% of 525 companies
in the Capital Markets industry
Industry Median: 96.48 vs FRA:7LI: 138.92

LPL Financial Holdings's Days Payable declined from Dec. 2022 (203.48) to Dec. 2023 (124.39). It may suggest that LPL Financial Holdings accelerated paying its suppliers.

LPL Financial Holdings Days Payable Historical Data

The historical data trend for LPL Financial 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.

* Premium members only.

LPL Financial Holdings Days Payable Chart

LPL Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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95.96

128.32

115.71

149.62

156.09

LPL Financial Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															203.48	159.73	135.31	126.22	124.39

Competitive Comparison of LPL Financial Holdings's Days Payable

For the Capital Markets subindustry, LPL Financial 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.

LPL Financial Holdings's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, LPL Financial Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where LPL Financial Holdings's Days Payable falls into.

LPL Financial 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.

LPL Financial 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
=	( (2967.52	+	2523.711)	/	2 )	/	6420.35	*	365
=	2745.6155					/	6420.35	*	365
=	156.09

LPL Financial 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2238.025	+	2523.711)	/	2 )	/	1746.522	*	365 / 4
=	2380.868					/	1746.522	*	365 / 4
=	124.39

LPL Financial Holdings Days Payable Related Terms

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LPL Financial Holdings (FRA:7LI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LPL Financial Holdings Inc (FRA:7LI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LPLA:USA

Address

4707 Executive Drive, San Diego, CA, USA, 92121

Website

https://www.lpl.com

LPL Financial Holdings is an independent broker/dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. As of the end of 2022, the company had nearly 20,000 advisors on its platform managing over $1 trillion of client assets.

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