Skillcast Group (LSE:SKL) Days Payable : 102.51 (As of Jun. 2024)

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What is Skillcast Group Days Payable?

Skillcast Group's average Accounts Payable for the six months ended in Jun. 2024 was £1.02 Mil. Skillcast Group's Cost of Goods Sold for the six months ended in Jun. 2024 was £1.81 Mil. Hence, Skillcast Group's Days Payable for the six months ended in Jun. 2024 was 102.51.

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

LSE:SKL' s Days Payable Range Over the Past 10 Years
Min: 14.95 Med: 21.99 Max: 119.94
Current: 119.94

During the past 6 years, Skillcast Group's highest Days Payable was 119.94. The lowest was 14.95. And the median was 21.99.

LSE:SKL's Days Payable is ranked better than
74.55% of 2554 companies
in the Software industry
Industry Median: 49.15 vs LSE:SKL: 119.94

Skillcast Group's Days Payable increased from Jun. 2023 (85.80) to Jun. 2024 (102.51). It may suggest that Skillcast Group delayed paying its suppliers.

Skillcast Group Days Payable Historical Data

The historical data trend for Skillcast 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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Skillcast Group Days Payable Chart

Skillcast Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.20

16.68

25.42

22.77

14.95

Skillcast Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial						86.32	73.80	85.80	81.68	102.51

Competitive Comparison of Skillcast Group's Days Payable

For the Software - Application subindustry, Skillcast 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.

Skillcast Group's Days Payable Distribution in the Software Industry

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

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

Skillcast 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.

Skillcast Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.187	+	0.094)	/	2 )	/	3.43	*	365
=	0.1405					/	3.43	*	365
=	14.95

Skillcast Group's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.094	+	1.936)	/	2 )	/	1.807	*	365 / 2
=	1.015					/	1.807	*	365 / 2
=	102.51

Skillcast Group Days Payable Related Terms

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Skillcast Group Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

K9I:Germany

Address

80 Leadenhall Street, London, GBR, EC3A 3DH

Website

https://www.skillcast.com

Skillcast Group PLC is engaged in providing management services to other entities in the group. The Group provides software and content subscriptions and related professional services to enable companies to transform their staff compliance. The company has two revenue streams: SaaS subscriptions - The Group provides subscriptions to its content and technology products to the customer for subscription periods that are typically twelve months. The revenue is recognized evenly over the period of subscription, and Professional services - The Group provides customized and standard content to its clients under fixed-price contracts. Geographically, it operates in the UK, Europe, and the Rest of the world. It derives a majority of its revenue from the United Kingdom.

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