Ceres Power Holdings (LSE:CWR) Days Payable : 166.75 (As of Jun. 2024)

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What is Ceres Power Holdings Days Payable?

Ceres Power Holdings's average Accounts Payable for the six months ended in Jun. 2024 was £5.13 Mil. Ceres Power Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was £5.61 Mil. Hence, Ceres Power Holdings's Days Payable for the six months ended in Jun. 2024 was 166.75.

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

LSE:CWR' s Days Payable Range Over the Past 10 Years
Min: 137.24 Med: 187.35 Max: 815.04
Current: 178.78

During the past 13 years, Ceres Power Holdings's highest Days Payable was 815.04. The lowest was 137.24. And the median was 187.35.

LSE:CWR's Days Payable is ranked better than
83.38% of 2930 companies
in the Industrial Products industry
Industry Median: 75.76 vs LSE:CWR: 178.78

Ceres Power Holdings's Days Payable declined from Jun. 2023 (187.80) to Jun. 2024 (166.75). It may suggest that Ceres Power Holdings accelerated paying its suppliers.

Ceres Power Holdings Days Payable Historical Data

The historical data trend for Ceres Power Holdings'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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Ceres Power Holdings Days Payable Chart

Ceres Power Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Days Payable

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187.35

185.05

152.33

175.20

Ceres Power Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															134.88	206.34	187.80	168.14	166.75

Competitive Comparison of Ceres Power Holdings's Days Payable

For the Electrical Equipment & Parts subindustry, Ceres Power Holdings'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.

Ceres Power Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ceres Power Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Ceres Power Holdings's Days Payable falls into.

Ceres Power Holdings 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.

Ceres Power Holdings'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
=	( (4.795	+	3.624)	/	2 )	/	8.77	*	365
=	4.2095					/	8.77	*	365
=	175.20

Ceres Power Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (3.624	+	6.633)	/	2 )	/	5.613	*	365 / 2
=	5.1285					/	5.613	*	365 / 2
=	166.75

Ceres Power Holdings Days Payable Related Terms

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Ceres Power Holdings Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CRPHY:USA CPWHF:USA CWRl:UK CWR.GB:UK CFJA:Germany

Address

Foundry Lane, Viking House, Horsham, West Sussex, GBR, RH13 5PX

Website

https://www.cerespower.com

Ceres Power Holdings PLC is a UK- based technology solutions provider. It is one of the developers of fuel cell technology, which enables the production of clean & low-cost energy. Its SteelCell technology uses the existing infrastructure of mains natural gas & is manufactured using commodity materials, such as steel. It mainly caters to the automotive industry. Among its other markets are transportation, commercial, & light industrial sectors. The group established a leading technology position in solid oxide fuel cell (SOFC) power systems & develop solid oxide electrolysis (SOEC) to demonstrate it at a megawatt scale. The Company has identified two reporting segments, Power (SOFC) & Hydrogen (SOEC), the majority is from the Power (SOFC) segment. Geographically, the majority is from Asia.

Ceres Power Holdings Headlines

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