Redde Northgate (LSE:REDD) Days Payable : 64.68 (As of Oct. 2023)

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What is Redde Northgate Days Payable?

Redde Northgate's average Accounts Payable for the six months ended in Oct. 2023 was £243 Mil. Redde Northgate's Cost of Goods Sold for the six months ended in Oct. 2023 was £685 Mil. Hence, Redde Northgate's Days Payable for the six months ended in Oct. 2023 was 64.68.

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

LSE:REDD' s Days Payable Range Over the Past 10 Years
Min: 19.83 Med: 32.58 Max: 96.91
Current: 75.94

During the past 13 years, Redde Northgate's highest Days Payable was 96.91. The lowest was 19.83. And the median was 32.58.

LSE:REDD's Days Payable is ranked better than
67.1% of 924 companies
in the Business Services industry
Industry Median: 47.115 vs LSE:REDD: 75.94

Redde Northgate's Days Payable declined from Oct. 2022 (104.40) to Oct. 2023 (64.68). It may suggest that Redde Northgate accelerated paying its suppliers.

Redde Northgate Days Payable Historical Data

The historical data trend for Redde Northgate'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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Redde Northgate Days Payable Chart

Redde Northgate Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

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32.56

39.73

69.06

96.91

71.13

Redde Northgate Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Days Payable	Get a 7-Day Free Trial															92.38	92.81	104.40	73.76	64.68

Competitive Comparison of Redde Northgate's Days Payable

For the Rental & Leasing Services subindustry, Redde Northgate'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.

Redde Northgate's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Redde Northgate's Days Payable distribution charts can be found below:

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

Redde Northgate 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.

Redde Northgate's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (246.833	+	164.008)	/	2 )	/	1054.173	*	365
=	205.4205					/	1054.173	*	365
=	71.13

Redde Northgate's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (164.008	+	321.778)	/	2 )	/	685.307	*	365 / 2
=	242.893					/	685.307	*	365 / 2
=	64.68

Redde Northgate Days Payable Related Terms

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Redde Northgate (LSE:REDD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redde Northgate PLC (LSE:REDD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

REDDl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.

Redde Northgate (LSE:REDD) Headlines

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