Concurrent Technologies (LSE:CNC) Days Payable : 100.04 (As of Dec. 2023)

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What is Concurrent Technologies Days Payable?

Concurrent Technologies's average Accounts Payable for the six months ended in Dec. 2023 was £5.44 Mil. Concurrent Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was £9.92 Mil. Hence, Concurrent Technologies's Days Payable for the six months ended in Dec. 2023 was 100.04.

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

LSE:CNC' s Days Payable Range Over the Past 10 Years
Min: 68.19 Med: 105.94 Max: 150.46
Current: 126.37

During the past 13 years, Concurrent Technologies's highest Days Payable was 150.46. The lowest was 68.19. And the median was 105.94.

LSE:CNC's Days Payable is ranked better than
79.47% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs LSE:CNC: 126.37

Concurrent Technologies's Days Payable declined from Dec. 2022 (205.64) to Dec. 2023 (100.04). It may suggest that Concurrent Technologies accelerated paying its suppliers.

Concurrent Technologies Days Payable Historical Data

The historical data trend for Concurrent Technologies'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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Concurrent Technologies Days Payable Chart

Concurrent Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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112.66

143.13

117.71

150.46

130.72

Concurrent Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															151.32	225.69	205.64	163.48	100.04

Competitive Comparison of Concurrent Technologies's Days Payable

For the Computer Hardware subindustry, Concurrent Technologies'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.

Concurrent Technologies's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Concurrent Technologies's Days Payable distribution charts can be found below:

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

Concurrent Technologies 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.

Concurrent Technologies'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
=	( (5.765	+	5.708)	/	2 )	/	16.018	*	365
=	5.7365					/	16.018	*	365
=	130.72

Concurrent Technologies'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.165	+	5.708)	/	2 )	/	9.918	*	365 / 2
=	5.4365					/	9.918	*	365 / 2
=	100.04

Concurrent Technologies Days Payable Related Terms

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Concurrent Technologies (LSE:CNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Concurrent Technologies PLC (LSE:CNC) » Definitions » Days Payable

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FJV:Germany

Address

4 Gilberd Court, Newcomen Way, Colchester, Essex, GBR, CO4 9WN

Website

https://www.gocct.com

Concurrent Technologies PLC is engaged in designing, manufacturing, and supplying innovative high-end embedded computer products aimed at a wide base of customers within the defense, telecommunications, aerospace, transport, scientific, and industrial markets. Its core product range is central processing unit (CPU) boards, designed using Intel processors including the high-performance 11th-generation embedded Intel Core and Intel Xeon processors designed to be compliant with the CompactPCI, OpenVPX, VME, AMC, and XMC open architecture standards. The company's products also support many operating systems including Microsoft Windows, Linux, Solaris, QNX, and VxWorks, all of which are commonly used as standards in embedded applications.