Pressure Technologies (LSE:PRES) Days Payable : 104.34 (As of Mar. 2024)

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What is Pressure Technologies Days Payable?

Pressure Technologies's average Accounts Payable for the six months ended in Mar. 2024 was £6.75 Mil. Pressure Technologies's Cost of Goods Sold for the six months ended in Mar. 2024 was £11.80 Mil. Hence, Pressure Technologies's Days Payable for the six months ended in Mar. 2024 was 104.34.

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

LSE:PRES' s Days Payable Range Over the Past 10 Years
Min: 37.35 Med: 86.63 Max: 151.27
Current: 102.42

During the past 13 years, Pressure Technologies's highest Days Payable was 151.27. The lowest was 37.35. And the median was 86.63.

LSE:PRES's Days Payable is ranked better than
68.15% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs LSE:PRES: 102.42

Pressure Technologies's Days Payable declined from Mar. 2023 (115.89) to Mar. 2024 (104.34). It may suggest that Pressure Technologies accelerated paying its suppliers.

Pressure Technologies Days Payable Historical Data

The historical data trend for Pressure Technologies'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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Pressure Technologies Days Payable Chart

Pressure Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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102.17

151.27

109.88

68.74

85.63

Pressure Technologies Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															152.66	118.32	115.89	89.57	104.34

Competitive Comparison of Pressure Technologies's Days Payable

For the Oil & Gas Equipment & Services subindustry, Pressure Technologies'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.

Pressure Technologies's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pressure Technologies's Days Payable distribution charts can be found below:

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

Pressure Technologies 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.

Pressure Technologies's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (5.423	+	5.369)	/	2 )	/	23.001	*	365
=	5.396					/	23.001	*	365
=	85.63

Pressure Technologies's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (5.369	+	8.122)	/	2 )	/	11.799	*	365 / 2
=	6.7455					/	11.799	*	365 / 2
=	104.34

Pressure Technologies Days Payable Related Terms

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Pressure Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pressure Technologies PLC (LSE:PRES) » Definitions » Days Payable

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Traded in Other Exchanges

PRS:Germany

Address

Meadowhall Road, Pressure Technologies Building, Sheffield, South Yorkshire, GBR, S9 1BT

Website

https://www.pressuretechnologies.com

Pressure Technologies PLC designs and manufactures high-pressure systems serving the global energy, defense, and industrial gas markets. The company's segments include Cylinders, which are engaged in the design, manufacture and reconditioning of seamless high-pressure gas cylinders and Precision Machined Components are engaged in the manufacture of precision-engineered valve wear parts used in the oil and gas industries. It derives maximum revenue from the Cylinders segment. The company generates the majority of its revenue from the United Kingdom.

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