Cairn Homes (LSE:CRN) Days Payable : 15.42 (As of Dec. 2023)

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What is Cairn Homes Days Payable?

Cairn Homes's average Accounts Payable for the six months ended in Dec. 2023 was £25.2 Mil. Cairn Homes's Cost of Goods Sold for the six months ended in Dec. 2023 was £298.2 Mil. Hence, Cairn Homes's Days Payable for the six months ended in Dec. 2023 was 15.42.

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

LSE:CRN' s Days Payable Range Over the Past 10 Years
Min: 14.12 Med: 18.23 Max: 44
Current: 17.98

During the past 9 years, Cairn Homes's highest Days Payable was 44.00. The lowest was 14.12. And the median was 18.23.

LSE:CRN's Days Payable is ranked worse than
76.77% of 99 companies
in the Homebuilding & Construction industry
Industry Median: 40.61 vs LSE:CRN: 17.98

Cairn Homes's Days Payable declined from Dec. 2022 (18.67) to Dec. 2023 (15.42). It may suggest that Cairn Homes accelerated paying its suppliers.

Cairn Homes Days Payable Historical Data

The historical data trend for Cairn Homes'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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Cairn Homes Days Payable Chart

Cairn Homes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.71

22.95

20.04

14.55

14.12

Cairn Homes Semi-Annual Data
	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial												17.49	30.81	18.67	28.89	15.42

Competitive Comparison of Cairn Homes's Days Payable

For the Residential Construction subindustry, Cairn Homes'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.

Cairn Homes's Days Payable Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cairn Homes's Days Payable distribution charts can be found below:

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

Cairn Homes 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.

Cairn Homes'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
=	( (15.616	+	18.999)	/	2 )	/	447.284	*	365
=	17.3075					/	447.284	*	365
=	14.12

Cairn Homes'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
=	( (31.403	+	18.999)	/	2 )	/	298.174	*	365 / 2
=	25.201					/	298.174	*	365 / 2
=	15.42

Cairn Homes Days Payable Related Terms

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Cairn Homes (LSE:CRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cairn Homes PLC (LSE:CRN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

C5H:Ireland CRNl:UK C5H:Germany

Address

45 Mespil Road, Dublin, IRL, D04 W2F1

Website

https://www.cairnhomes.com

Cairn Homes PLC is an Irish homebuilder. Its core activity is to design and develop properties for residential purposes, majorly in the suburbs of Dublin City. The company's portfolio predominantly comprises single-family homes and apartments that form a minor share. Its sales of residential property drive most company revenues.

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