Kings Entertainment Group (FRA:L12) Days Payable: 263.33 (As of Sep. 2023)


What is Kings Entertainment Group Days Payable?

Kings Entertainment Group FRA:L12 Days Payable is 263.33 as of Sep. 2023.

Kings Entertainment Group's average Accounts Payable for the three months ended in Sep. 2023 was €2.00 Mil. Kings Entertainment Group's Cost of Goods Sold for the three months ended in Sep. 2023 was €0.69 Mil. Hence, Kings Entertainment Group's Days Payable for the three months ended in Sep. 2023 was 263.33.

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

FRA:L12's Days Payable is not ranked *
in the Travel & Leisure industry.
Industry Median: 57.215
* Ranked among companies with meaningful Days Payable only.

Kings Entertainment Group's Days Payable declined from Sep. 2022 (309.76) to Sep. 2023 (263.33). It may suggest that Kings Entertainment Group accelerated paying its suppliers.

Kings Entertainment Group Days Payable Historical Data

* Premium members only.

The historical data trend for Kings 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.

Kings Entertainment Group Days Payable Chart

Kings Entertainment Group Annual Data
Trend Dec20 Dec21 Dec22
Days Payable
72.35 182.58 386.20

Kings Entertainment Group Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 309.76 266.42 434.83 373.26 263.33

FRA:L12 vs DKNG, CHDN, LNW: Days Payable Comparison

For the Gambling subindustry, Kings 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.

Kings Entertainment Group Days Payable vs Travel & Leisure Industry

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

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


Kings 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.

Kings 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
=( (1.89 + 1.826) / 2 ) / 1.756*365
=1.858 / 1.756*365
=386.20

Kings Entertainment 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: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (1.027 + 2.967) / 2 ) / 0.692*365 / 4
=1.997 / 0.692*365 / 4
=263.33

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 263.33 mean?
Kings Entertainment Group (FRA:L12) has a Days Payable of 263.33 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Kings Entertainment Group and its competitors.
Is Kings Entertainment Group's Days Payable too high?
Kings Entertainment Group's current Days Payable is 263.33. The Travel & Leisure industry median Days Payable is 57.22. Kings Entertainment Group's value of 263.33 is 360.2% above this industry median.
How does Kings Entertainment Group's Days Payable compare to DKNG and CHDN?
Kings Entertainment Group's Days Payable of 263.33 can be compared against companies in the Travel & Leisure industry. The industry median Days Payable is 57.22. Kings Entertainment Group's value of 263.33 is 360.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 57.22, based on 780 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kings Entertainment Group's current Days Payable of 263.33 is 360.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Kings Entertainment Group and its competitors. For the Travel & Leisure industry, the median Days Payable is 57.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kings Entertainment Group's current Days Payable is 263.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kings Entertainment Group stock overvalued right now?
Kings Entertainment Group (FRA:L12) has a current Days Payable of 263.33. The current Days Payable is 263.33 and 360.2% above the Travel & Leisure industry median of 57.22. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Kings Entertainment Group (FRA:L12), the current Days Payable is 263.33 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Kings Entertainment Group Business Description

Address 1060 - 1055 West Georgia Street, Vancouver, BC, CAN, V6E 2E9
Kings Entertainment Group Inc is a business-to-consumer service provider that allows users to participate in lotteries and casino-style online games throughout the world. The company operates through multiple established brands and websites, which include www.wintrillions.com, www.trillionaire.com, and www.LottoKings.com. In addition to the lottery services, it offers a connected experience that enables users to play and switch with ease between scratch cards and casino games. The company has only one reportable segment, which is lottery procurement and online casino, and scratchcard. Geographically, it derives revenue from Mexico, Brazil, other Latin American countries, and other regions.