EARNZ (LSE:EARN) Days Payable : 156.18 (As of Jun. 2023)

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What is EARNZ Days Payable?

EARNZ's average Accounts Payable for the six months ended in Jun. 2023 was £0.27 Mil. EARNZ's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.32 Mil. Hence, EARNZ's Days Payable for the six months ended in Jun. 2023 was 156.18.

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

LSE:EARN' s Days Payable Range Over the Past 10 Years
Min: 80.35 Med: 129.55 Max: 321.79
Current: 168.64

During the past 7 years, EARNZ's highest Days Payable was 321.79. The lowest was 80.35. And the median was 129.55.

LSE:EARN's Days Payable is ranked better than
88.49% of 964 companies
in the Semiconductors industry
Industry Median: 51.61 vs LSE:EARN: 168.64

EARNZ's Days Payable declined from Jun. 2022 (249.25) to Jun. 2023 (156.18). It may suggest that EARNZ accelerated paying its suppliers.

EARNZ Days Payable Historical Data

The historical data trend for EARNZ'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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EARNZ Days Payable Chart

EARNZ Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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321.79

129.55

80.35

EARNZ Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial									108.53	1,457.93	249.25	117.48	156.18

Competitive Comparison of EARNZ's Days Payable

For the Solar subindustry, EARNZ'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.

EARNZ's Days Payable Distribution in the Semiconductors Industry

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

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

EARNZ 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.

EARNZ's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.232	+	0.063)	/	2 )	/	0.67	*	365
=	0.1475					/	0.67	*	365
=	80.35

EARNZ's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.063	+	0.483)	/	2 )	/	0.319	*	365 / 2
=	0.273					/	0.319	*	365 / 2
=	156.18

EARNZ Days Payable Related Terms

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EARNZ (LSE:EARN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » EARNZ PLC (LSE:EARN) » Definitions » Days Payable

Traded in Other Exchanges

52Y:Germany

Address

Holborn Gate, 330 Holborn, First Floor, London, GBR, WC1V 7QT

Website

https://www.verditek.com

Verditek PLC is engaged in the development and commercialization of clean technologies. The company is also engaged in the development of its lightweight solar panels. Geographically, the company has a presence in the United Kingdom and the Rest of Europe.