Merit Group (LSE:MRIT) Days Payable : 116.41 (As of Sep. 2023)

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What is Merit Group Days Payable?

Merit Group's average Accounts Payable for the six months ended in Sep. 2023 was £3.29 Mil. Merit Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £5.15 Mil. Hence, Merit Group's Days Payable for the six months ended in Sep. 2023 was 116.41.

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

LSE:MRIT' s Days Payable Range Over the Past 10 Years
Min: 16.12 Med: 31.09 Max: 148.79
Current: 148.79

During the past 13 years, Merit Group's highest Days Payable was 148.79. The lowest was 16.12. And the median was 31.09.

LSE:MRIT's Days Payable is ranked better than
77.95% of 2526 companies
in the Software industry
Industry Median: 50.42 vs LSE:MRIT: 148.79

Merit Group's Days Payable declined from Sep. 2022 (125.65) to Sep. 2023 (116.41). It may suggest that Merit Group accelerated paying its suppliers.

Merit Group Days Payable Historical Data

The historical data trend for Merit 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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Merit Group Days Payable Chart

Merit Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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42.75

29.13

50.55

63.93

16.12

Merit Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															306.32	221.91	125.65	115.37	116.41

Competitive Comparison of Merit Group's Days Payable

For the Information Technology Services subindustry, Merit 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.

Merit Group's Days Payable Distribution in the Software Industry

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

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

Merit 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.

Merit Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.396	+	0.49)	/	2 )	/	10.033	*	365
=	0.443					/	10.033	*	365
=	16.12

Merit Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.49	+	6.085)	/	2 )	/	5.154	*	365 / 2
=	3.2875					/	5.154	*	365 / 2
=	116.41

Merit Group Days Payable Related Terms

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Merit Group (LSE:MRIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Merit Group PLC (LSE:MRIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 London Bridge Street, 9th Floor, The Shard, London, GBR, SE1 9SG

Website

https://www.meritgroupplc.com

Merit Group PLC provides data, business, and political intelligence. The group operates through two operating segments namely, Dods and Merit Data and Technology. Dods business segment concentrates on the provision of key information and insights into the political and public policy environments around the UK and the European Union. The Merit Data and Technology segment focuses on the fields of data engineering, machine learning, and artificial intelligence. The company generates the majority of its revenue from Merit Data & Technology segment.

Merit Group (LSE:MRIT) Headlines

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