Smarttech247 Group (LSE:S247) Days Payable : 42.49 (As of Jul. 2024)

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What is Smarttech247 Group Days Payable?

Smarttech247 Group's average Accounts Payable for the six months ended in Jul. 2024 was £1.25 Mil. Smarttech247 Group's Cost of Goods Sold for the six months ended in Jul. 2024 was £5.38 Mil. Hence, Smarttech247 Group's Days Payable for the six months ended in Jul. 2024 was 42.49.

The historical rank and industry rank for Smarttech247 Group's Days Payable or its related term are showing as below:

LSE:S247' s Days Payable Range Over the Past 10 Years
Min: 68.47 Med: 129.1 Max: 155.73
Current: 91.84

During the past 6 years, Smarttech247 Group's highest Days Payable was 155.73. The lowest was 68.47. And the median was 129.10.

LSE:S247's Days Payable is ranked better than
66.91% of 2551 companies
in the Software industry
Industry Median: 50.93 vs LSE:S247: 91.84

Smarttech247 Group's Days Payable declined from Jul. 2023 (62.79) to Jul. 2024 (42.49). It may suggest that Smarttech247 Group accelerated paying its suppliers.

Smarttech247 Group Days Payable Historical Data

The historical data trend for Smarttech247 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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Smarttech247 Group Days Payable Chart

Smarttech247 Group Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Days Payable

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68.47

134.29

155.73

130.89

127.31

Smarttech247 Group Semi-Annual Data
	Jul19	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Days Payable	Get a 7-Day Free Trial					69.37	162.47	62.79	184.14	42.49

Competitive Comparison of Smarttech247 Group's Days Payable

For the Software - Infrastructure subindustry, Smarttech247 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.

Smarttech247 Group's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Smarttech247 Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Smarttech247 Group's Days Payable falls into.

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Smarttech247 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.

Smarttech247 Group's Days Payable for the fiscal year that ended in Jul. 2024 is calculated as

	Days Payable (A: Jul. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2023 )	+	Accounts Payable (A: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2024 )	*	Days in Period
=	( (2.732	+	2.087)	/	2 )	/	6.908	*	365
=	2.4095					/	6.908	*	365
=	127.31

Smarttech247 Group'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
=	( (0.416	+	2.087)	/	2 )	/	5.375	*	365 / 2
=	1.2515					/	5.375	*	365 / 2
=	42.49

Smarttech247 Group Days Payable Related Terms

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Smarttech247 Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smarttech247 Group PLC (LSE:S247) » Definitions » Days Payable

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Traded in Other Exchanges

XW4:Germany

Address

165 Fleet Street, London, GBR, EC4A 2DY

Website

https://www.smarttech247.com

Smarttech247 Group PLC is an automated managed detection and response company. Its platform is trusted by organizations world-wide and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response. The company's service is geared towards proactive prevention and it achieves this by utilizing the latest in cloud, data analytics and machine learning, along with an experienced response team.

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