Checkit (LSE:CKT) Days Payable : 340.11 (As of Jan. 2024)

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What is Checkit Days Payable?

Checkit's average Accounts Payable for the six months ended in Jan. 2024 was £4.10 Mil. Checkit's Cost of Goods Sold for the six months ended in Jan. 2024 was £2.20 Mil. Hence, Checkit's Days Payable for the six months ended in Jan. 2024 was 340.11.

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

LSE:CKT' s Days Payable Range Over the Past 10 Years
Min: 63.81 Med: 83.06 Max: 1076.75
Current: 282.88

During the past 13 years, Checkit's highest Days Payable was 1076.75. The lowest was 63.81. And the median was 83.06.

LSE:CKT's Days Payable is ranked better than
88.23% of 2524 companies
in the Software industry
Industry Median: 49.575 vs LSE:CKT: 282.88

Checkit's Days Payable declined from Jan. 2023 (360.44) to Jan. 2024 (340.11). It may suggest that Checkit accelerated paying its suppliers.

Checkit Days Payable Historical Data

The historical data trend for Checkit'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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Checkit Days Payable Chart

Checkit Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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121.67

73.54

91.25

96.05

104.94

Checkit Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Days Payable	Get a 7-Day Free Trial															-	390.35	360.44	410.63	340.11

Competitive Comparison of Checkit's Days Payable

For the Software - Application subindustry, Checkit'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.

Checkit's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Checkit's Days Payable distribution charts can be found below:

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

Checkit 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.

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

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (1.1	+	1.2)	/	2 )	/	4	*	365
=	1.15					/	4	*	365
=	104.94

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

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (7	+	1.2)	/	2 )	/	2.2	*	365 / 2
=	4.1					/	2.2	*	365 / 2
=	340.11

Checkit Days Payable Related Terms

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Checkit (LSE:CKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Checkit PLC (LSE:CKT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

JJ Thomson Avenue, Broers Building, Cambridge, GBR, CB3 0FA

Website

https://www.checkit.net

Checkit PLC is a real-time operation management software company engaged in providing intelligent operations management platforms for desk less workforces, enabling operational agility and intelligent decision-making in large multinational and complex national organizations. The company's subscription business model offers optional plugins for smart sensor networks and workflow task management. Its solutions apply digital tools and monitoring to transform workforce management and incorporate physical assets into a digital ecosystem using Internet of Things (IoT) sensors and monitoring devices. The company has two operating segments; the United Kingdom, and The Americas. It derives a majority of its revenue from the United Kingdom.

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