Workspace Group (FRA:WRX1) Days Payable : 67.13 (As of Mar. 2024)

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What is Workspace Group Days Payable?

Workspace Group's average Accounts Payable for the six months ended in Mar. 2024 was €12.2 Mil. Workspace Group's Cost of Goods Sold for the six months ended in Mar. 2024 was €33.2 Mil. Hence, Workspace Group's Days Payable for the six months ended in Mar. 2024 was 67.13.

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

FRA:WRX1' s Days Payable Range Over the Past 10 Years
Min: 45.63 Med: 56.85 Max: 93.23
Current: 76.22

During the past 13 years, Workspace Group's highest Days Payable was 93.23. The lowest was 45.63. And the median was 56.85.

FRA:WRX1's Days Payable is ranked worse than
62.83% of 530 companies
in the REITs industry
Industry Median: 122.91 vs FRA:WRX1: 76.22

Workspace Group's Days Payable declined from Mar. 2023 (75.84) to Mar. 2024 (67.13). It may suggest that Workspace Group accelerated paying its suppliers.

Workspace Group Days Payable Historical Data

The historical data trend for Workspace 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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Workspace Group Days Payable Chart

Workspace Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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49.72

45.07

92.15

92.93

70.15

Workspace Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															89.14	85.00	75.84	88.03	67.13

Competitive Comparison of Workspace Group's Days Payable

For the REIT - Office subindustry, Workspace 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.

Workspace Group's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Workspace Group's Days Payable distribution charts can be found below:

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

Workspace 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.

Workspace Group'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
=	( (17.456	+	8.651)	/	2 )	/	67.919	*	365
=	13.0535					/	67.919	*	365
=	70.15

Workspace Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (15.771	+	8.651)	/	2 )	/	33.199	*	365 / 2
=	12.211					/	33.199	*	365 / 2
=	67.13

Workspace Group Days Payable Related Terms

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Workspace Group (FRA:WRX1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Workspace Group PLC (FRA:WRX1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WKPl:UK WKP:UK

Address

1-3 Brixton Road, Canterbury Court, Kennington Park, London, GBR, SW9 6DE

Website

https://www.workspace.co.uk

Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms.

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