Ondo InsurTech (LSE:ONDO) Days Payable : 229.76 (As of Sep. 2023)

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What is Ondo InsurTech Days Payable?

Ondo InsurTech's average Accounts Payable for the six months ended in Sep. 2023 was £0.95 Mil. Ondo InsurTech's Cost of Goods Sold for the six months ended in Sep. 2023 was £0.89 Mil. Hence, Ondo InsurTech's Days Payable for the six months ended in Sep. 2023 was 194.06.

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

LSE:ONDO' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 459.52
Current: 459.52

During the past 0 years, Ondo InsurTech's highest Days Payable was 459.52. The lowest was 0.00. And the median was 0.00.

LSE:ONDO's Days Payable is ranked better than
98.02% of 2422 companies
in the Hardware industry
Industry Median: 68.065 vs LSE:ONDO: 459.52

Ondo InsurTech's Days Payable increased from Feb. 2022 (0.00) to Sep. 2023 (229.76). It may suggest that Ondo InsurTech delayed paying its suppliers.

Ondo InsurTech Days Payable Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech Days Payable Chart

Ondo InsurTech Annual Data

Trend

Days Payable

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Days Payable	9.22	-	276.43	229.76

Competitive Comparison of Ondo InsurTech's Days Payable

For the Scientific & Technical Instruments subindustry, Ondo InsurTech'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.

Ondo InsurTech's Days Payable Distribution in the Hardware Industry

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

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

Ondo InsurTech 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.

Ondo InsurTech's Days Payable for the fiscal year that ended in . 20 is calculated as

	Days Payable (A: . 20 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: . 20 )	+	Accounts Payable (A: . 20 ))	/	count )	/	Cost of Goods Sold (A: . 20 )	*	Days in Period
=	( (	+	)	/	1 )	/		*	365
=	0					/		*	365
=	N/A

Ondo InsurTech'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: Aug. 2022 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.774	+	1.123)	/	2 )	/	0.892	*	365 / 2
=	0.9485					/	0.892	*	365 / 2
=	194.06

Ondo InsurTech Days Payable Related Terms

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Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

Ondo InsurTech (LSE:ONDO) Headlines

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