Avanta Serviced Office Group (LSE:ASOA) Days Payable: 19.00 (As of Jun. 2014)

What is Avanta Serviced Office Group Days Payable?

Avanta Serviced Office Group LSE:ASOA Days Payable is 19.00 as of Jun. 2014. The stock has 3 warning signs investors should review.

Avanta Serviced Office Group's average Accounts Payable for the six months ended in Jun. 2014 was £2.60 Mil. Avanta Serviced Office Group's Cost of Goods Sold for the six months ended in Jun. 2014 was £24.98 Mil. Hence, Avanta Serviced Office Group's Days Payable for the six months ended in Jun. 2014 was 19.00.

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

LSE:ASOA' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 20.92
Current: 20.92

During the past 13 years, Avanta Serviced Office Group's highest Days Payable was 20.92. The lowest was 0.00. And the median was 0.00.

LSE:ASOA's Days Payable is not ranked
in the Asset Management industry.
Industry Median: 70.83 vs LSE:ASOA: 20.92

Avanta Serviced Office Group's Days Payable declined from Jun. 2013 (19.54) to Jun. 2014 (19.00). It may suggest that Avanta Serviced Office Group accelerated paying its suppliers.

Avanta Serviced Office Group Days Payable Related Terms

Avanta Serviced Office Group Days Payable Historical Data

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The historical data trend for Avanta Serviced Office 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.

Avanta Serviced Office Group Days Payable Chart

Avanta Serviced Office Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Payable

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52.34

40.94

41.06

49.48

22.39

Avanta Serviced Office Group Semi-Annual Data
	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Days Payable	Get a 7-Day Free Trial															139.07	261.82	19.54	23.27	19.00

LSE:ASOA vs AINC, HCAP, OCCAF: Days Payable Comparison

For the Asset Management subindustry, Avanta Serviced Office 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.

Avanta Serviced Office Group Days Payable vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Avanta Serviced Office Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Avanta Serviced Office Group's Days Payable falls into.

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Avanta Serviced Office 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.

Avanta Serviced Office Group's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

	Days Payable (A: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2012 )	+	Accounts Payable (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (0.671	+	2.601)	/	2 )	/	26.671	*	365
=	1.636					/	26.671	*	365
=	22.39

Avanta Serviced Office Group's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

	Days Payable (Q: Jun. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2013 )	+	Accounts Payable (Q: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
=	( (2.601	+	0)	/	1 )	/	24.979	*	365 / 2
=	2.601					/	24.979	*	365 / 2
=	19.00

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 19.00 mean?

Avanta Serviced Office Group (LSE:ASOA) has a Days Payable of 19.00 as of Jun. 2014. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Avanta Serviced Office Group and its competitors.

Is Avanta Serviced Office Group's Days Payable too high?

Avanta Serviced Office Group's current Days Payable is 19.00. The Asset Management industry median Days Payable is 70.83. Avanta Serviced Office Group's value of 19.00 is 73.2% below this industry median.

How does Avanta Serviced Office Group's Days Payable compare to AINC and HCAP?

Avanta Serviced Office Group's Days Payable of 19.00 can be compared against companies in the Asset Management industry. The industry median Days Payable is 70.83. Avanta Serviced Office Group's value of 19.00 is 73.2% below 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 an Asset Management company?

The median Days Payable among Asset Management companies is 70.83, based on 480 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. Avanta Serviced Office Group's current Days Payable of 19.00 is 73.2% below 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 Avanta Serviced Office Group and its competitors. For the Asset Management industry, the median Days Payable is 70.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avanta Serviced Office Group's current Days Payable is 19.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Avanta Serviced Office Group stock overvalued right now?

Avanta Serviced Office Group (LSE:ASOA) has a current Days Payable of 19.00. The current Days Payable is 19.00 and 73.2% below the Asset Management industry median of 70.83. 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 Avanta Serviced Office Group (LSE:ASOA), the current Days Payable is 19.00 as of Jun. 2014. 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.

Avanta Serviced Office Group Business Description

Industry Financial Services Asset Management

Comparable Companies KUW:INOVEST OSTO:NAXS JSE:SCP XTER:L1OA BOM:532256 WAR:GKI AINC LSE:KWG TSE:8462 HCAP TSXV:NFD.A JSE:ACG OCCAF ROCO:3709 BAH:ESTERAD JSE:RACP JP KUW:COAST KUW:SECH ASX:TIP

Website http://www.avanta.co.uk

Serviced Office Group PLC is engaged in the ownership and operation of serviced office accommodation. Its reportable segments are Serviced office business and Managed serviced offices. Serviced office business undertaken in the group's freehold and leasehold properties; and Managed serviced office business undertaken under management contracts on behalf of third parties. The Group operates solely from the UK.