Mears Group (LSE:MER) Days Payable : 25.66 (As of Jun. 2024)

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What is Mears Group Days Payable?

Mears Group's average Accounts Payable for the six months ended in Jun. 2024 was £63 Mil. Mears Group's Cost of Goods Sold for the six months ended in Jun. 2024 was £447 Mil. Hence, Mears Group's Days Payable for the six months ended in Jun. 2024 was 25.66.

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

LSE:MER' s Days Payable Range Over the Past 10 Years
Min: 24 Med: 59.16 Max: 88.66
Current: 25.96

During the past 13 years, Mears Group's highest Days Payable was 88.66. The lowest was 24.00. And the median was 59.16.

LSE:MER's Days Payable is ranked worse than
63.54% of 96 companies
in the Personal Services industry
Industry Median: 32.605 vs LSE:MER: 25.96

Mears Group's Days Payable declined from Jun. 2023 (26.20) to Jun. 2024 (25.66). It may suggest that Mears Group accelerated paying its suppliers.

Mears Group Days Payable Historical Data

The historical data trend for Mears 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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Mears Group Days Payable Chart

Mears Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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61.00

67.37

48.18

29.96

24.00

Mears Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															33.76	31.19	26.20	25.22	25.66

Competitive Comparison of Mears Group's Days Payable

For the Personal Services subindustry, Mears 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.

Mears Group's Days Payable Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Mears Group's Days Payable distribution charts can be found below:

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

Mears 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.

Mears 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
=	( (55.854	+	58.651)	/	2 )	/	870.557	*	365
=	57.2525					/	870.557	*	365
=	24.00

Mears Group'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
=	( (58.651	+	67.149)	/	2 )	/	447.31	*	365 / 2
=	62.9					/	447.31	*	365 / 2
=	25.66

Mears Group Days Payable Related Terms

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Mears Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mears Group PLC (LSE:MER) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MERl:UK MER:UK

Address

1390 Montpellier Court, Gloucester Business Park, Brockworth, Gloucester, GBR, GL3 4AH

Website

https://www.mearsgroup.co.uk

Mears Group PLC is a UK-based company engaged in providing social housing repairs and maintenance. It provides services consisting of full housing management solutions, provision of a range of outsourced services to the public and private sectors, repairs, and maintenance, turnkey solutions for energy efficiency, development of new homes, and home improvements.

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