Next (LSE:NXT) Days Payable : 34.17 (As of Jul. 2024)

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What is Next Days Payable?

Next's average Accounts Payable for the six months ended in Jul. 2024 was £307 Mil. Next's Cost of Goods Sold for the six months ended in Jul. 2024 was £1,639 Mil. Hence, Next's Days Payable for the six months ended in Jul. 2024 was 34.17.

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

LSE:NXT' s Days Payable Range Over the Past 10 Years
Min: 24.02 Med: 29.55 Max: 32.94
Current: 32.94

During the past 13 years, Next's highest Days Payable was 32.94. The lowest was 24.02. And the median was 29.55.

LSE:NXT's Days Payable is ranked worse than
72.83% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 52.82 vs LSE:NXT: 32.94

Next's Days Payable increased from Jul. 2023 (32.68) to Jul. 2024 (34.17). It may suggest that Next delayed paying its suppliers.

Next Days Payable Historical Data

The historical data trend for Next'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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Next Days Payable Chart

Next Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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29.35

30.76

30.81

32.27

31.33

Next Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Days Payable	Get a 7-Day Free Trial															37.46	32.59	32.68	31.72	34.17

Competitive Comparison of Next's Days Payable

For the Apparel Retail subindustry, Next'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.

Next's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Next's Days Payable distribution charts can be found below:

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

Next 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.

Next's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (230.1	+	297.1)	/	2 )	/	3070.5	*	365
=	263.6					/	3070.5	*	365
=	31.33

Next's Days Payable for the quarter that ended in Jul. 2024 is calculated as:

	Days Payable (Q: Jul. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2024 )	+	Accounts Payable (Q: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
=	( (297.1	+	316.5)	/	2 )	/	1638.7	*	365 / 2
=	306.8					/	1638.7	*	365 / 2
=	34.17

Next Days Payable Related Terms

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Next Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Next PLC (LSE:NXT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NXGPY:USA NXGPF:USA NXTl:UK NXG:Germany

Address

Desford Road, Enderby, Leicester, GBR, LE19 4AT

Website

https://www.nextplc.co.uk

Next PLC is a retailer that sells clothing, footwear, accessories, and home products. Majority of the company's offerings consist of its own Next-branded products. Maximum of the company's remaining sales are through retail stores outside of the United Kingdom that it franchises. Its segments include NEXT Online, NEXT Finance and NEXT Retail. Majority of the company's revenue comes from customers in the United Kingdom. It also has its presence in Rest of Europe, Middle East, Asia and Rest of the world.