JTC (LSE:JTC) Days Payable : 4.29 (As of Dec. 2023)

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What is JTC Days Payable?

JTC's average Accounts Payable for the six months ended in Dec. 2023 was £1.4 Mil. JTC's Cost of Goods Sold for the six months ended in Dec. 2023 was £57.6 Mil. Hence, JTC's Days Payable for the six months ended in Dec. 2023 was 4.29.

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

LSE:JTC' s Days Payable Range Over the Past 10 Years
Min: 5.03 Med: 9.14 Max: 11.87
Current: 6.14

During the past 9 years, JTC's highest Days Payable was 11.87. The lowest was 5.03. And the median was 9.14.

LSE:JTC's Days Payable is ranked worse than
92.06% of 466 companies
in the Asset Management industry
Industry Median: 74.64 vs LSE:JTC: 6.14

JTC's Days Payable declined from Dec. 2022 (9.61) to Dec. 2023 (4.29). It may suggest that JTC accelerated paying its suppliers.

JTC Days Payable Historical Data

The historical data trend for JTC'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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JTC Days Payable Chart

JTC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.14

11.87

11.82

10.63

6.75

JTC Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial									9.77	9.42	9.61	7.61	4.29

Competitive Comparison of JTC's Days Payable

For the Asset Management subindustry, JTC'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.

JTC's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, JTC's Days Payable distribution charts can be found below:

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

JTC 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.

JTC'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
=	( (2.728	+	1.255)	/	2 )	/	107.765	*	365
=	1.9915					/	107.765	*	365
=	6.75

JTC'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
=	( (1.455	+	1.255)	/	2 )	/	57.602	*	365 / 2
=	1.355					/	57.602	*	365 / 2
=	4.29

JTC Days Payable Related Terms

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JTC (LSE:JTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JTC PLC (LSE:JTC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

JTCPF:USA JTCl:UK

Address

JTC House, 28 Esplanade, P.O. Box 1075, Channel Islands, Saint Helier, JEY, JE2 3QA

Website

https://www.jtcgroup.com

JTC PLC is a Jersey-based company engages in the provision of a fund, corporate, and private client services. The company segments include Institutional Client Services (ICS) and Private Client Services (PCS). It generates maximum revenue from the ICS segment. The company provides company secretarial and administration services to a range of corporate clients comprising small and medium-sized enterprises, public companies, multinationals, sovereign wealth funds, family offices, and private clients. It also offers real estate, private equity, hedge, renewables, debt and other alternatives, sovereign wealth funds.

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