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Inspecs Group (LSE:SPEC) Days Payable : 89.66 (As of Dec. 2023)


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What is Inspecs Group Days Payable?

Inspecs Group's average Accounts Payable for the six months ended in Dec. 2023 was £22.4 Mil. Inspecs Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £45.7 Mil. Hence, Inspecs Group's Days Payable for the six months ended in Dec. 2023 was 89.66.

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

LSE:SPEC' s Days Payable Range Over the Past 10 Years
Min: 65.37   Med: 86.71   Max: 188.66
Current: 82.01

During the past 8 years, Inspecs Group's highest Days Payable was 188.66. The lowest was 65.37. And the median was 86.71.

LSE:SPEC's Days Payable is ranked better than
55.3% of 783 companies
in the Medical Devices & Instruments industry
Industry Median: 72.46 vs LSE:SPEC: 82.01

Inspecs Group's Days Payable increased from Dec. 2022 (81.52) to Dec. 2023 (89.66). It may suggest that Inspecs Group delayed paying its suppliers.

Inspecs Group Days Payable Historical Data

The historical data trend for Inspecs 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.

* Premium members only.

Inspecs Group Days Payable Chart

Inspecs Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 65.37 188.66 76.78 83.37 79.97

Inspecs Group Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 76.14 82.25 81.52 77.43 89.66

Competitive Comparison of Inspecs Group's Days Payable

For the Medical Instruments & Supplies subindustry, Inspecs 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.

Inspecs Group's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Inspecs Group's Days Payable distribution charts can be found below:

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


Inspecs 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.

Inspecs 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
=( (22.338 + 21.368) / 2 ) / 99.745*365
=21.853 / 99.745*365
=79.97

Inspecs Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (23.53 + 21.368) / 2 ) / 45.693*365 / 2
=22.449 / 45.693*365 / 2
=89.66

* 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.

Inspecs Group Days Payable Related Terms

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Inspecs Group (LSE:SPEC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Inspecs Group PLC (LSE:SPEC) » Definitions » Days Payable
Comparable Companies
LSE:BVC LSE:CNSL LSE:TSTL ISRG XPAR:EL BDX XSWX:ALC TSE:7741 WST OCSE:COLO B RMD TSE:4543 XSWX:STMN BAX XPAR:DIM HOLX TSE:7733 COO TSE:6869 SZSE:300896
Traded in Other Exchanges
N/A
Address
Upper Bristol Road, 7-10 Kelso Place, Bath, Somerset, GBR, BA1 3AU
Website
https://www.inspecs.com
Inspecs Group PLC is a designer and manufacturer of eyewear frames and accessories. Its customers include optical and Non-optical retailers, global distributors, and independent opticians. The company operations are spread across the United Kingdom, Europe (excluding the UK), South America, North America, Asia, Africa, and Australia. Its eyewear brands include Superdry, Savile Row, Farah, and Nascar among others.