Strix Group (LSE:KETL) Days Payable : 52.17 (As of Dec. 2023)

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What is Strix Group Days Payable?

Strix Group's average Accounts Payable for the six months ended in Dec. 2023 was £13.2 Mil. Strix Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £46.2 Mil. Hence, Strix Group's Days Payable for the six months ended in Dec. 2023 was 52.17.

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

LSE:KETL' s Days Payable Range Over the Past 10 Years
Min: 32.96 Med: 50.92 Max: 715.29
Current: 50.61

During the past 11 years, Strix Group's highest Days Payable was 715.29. The lowest was 32.96. And the median was 50.92.

LSE:KETL's Days Payable is ranked worse than
67.78% of 2424 companies
in the Hardware industry
Industry Median: 68.08 vs LSE:KETL: 50.61

Strix Group's Days Payable declined from Dec. 2022 (52.25) to Dec. 2023 (52.17). It may suggest that Strix Group accelerated paying its suppliers.

Strix Group Days Payable Historical Data

The historical data trend for Strix Group'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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Strix Group Days Payable Chart

Strix Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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37.05

55.91

52.07

58.05

49.76

Strix Group Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											53.02	60.04	52.25	49.77	52.17

Competitive Comparison of Strix Group's Days Payable

For the Electronic Components subindustry, Strix Group'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.

Strix Group's Days Payable Distribution in the Hardware Industry

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

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

Strix Group 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.

Strix Group'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
=	( (10.01	+	13.847)	/	2 )	/	87.497	*	365
=	11.9285					/	87.497	*	365
=	49.76

Strix Group'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
=	( (12.541	+	13.847)	/	2 )	/	46.151	*	365 / 2
=	13.194					/	46.151	*	365 / 2
=	52.17

Strix Group Days Payable Related Terms

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Strix Group (LSE:KETL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Strix Group PLC (LSE:KETL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SG9:Germany

Address

Forrest House, Ronaldsway, IMN, IM9 2RG

Website

https://www.strixplc.com

Strix Group PLC manufactures and markets kettle controls for appliances worldwide. The Group is engaged in the business of design, manufacture, and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration. Its revenue is generated by the sale of thermostatic controls, cordless interfaces, and other products such as water jugs and filters. It generates maximum revenue from the Kettle controls segment.

Strix Group (LSE:KETL) Headlines

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