T42 IoT Tracking Solutions (LSE:TRAC) Days Payable : 142.35 (As of Jun. 2024)

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What is T42 IoT Tracking Solutions Days Payable?

T42 IoT Tracking Solutions's average Accounts Payable for the six months ended in Jun. 2024 was £0.69 Mil. T42 IoT Tracking Solutions's Cost of Goods Sold for the six months ended in Jun. 2024 was £0.88 Mil. Hence, T42 IoT Tracking Solutions's Days Payable for the six months ended in Jun. 2024 was 142.35.

The historical rank and industry rank for T42 IoT Tracking Solutions's Days Payable or its related term are showing as below:

LSE:TRAC' s Days Payable Range Over the Past 10 Years
Min: 127.95 Med: 195.73 Max: 394.37
Current: 176.32

During the past 13 years, T42 IoT Tracking Solutions's highest Days Payable was 394.37. The lowest was 127.95. And the median was 195.73.

LSE:TRAC's Days Payable is ranked better than
87.75% of 2409 companies
in the Hardware industry
Industry Median: 68.75 vs LSE:TRAC: 176.32

T42 IoT Tracking Solutions's Days Payable declined from Jun. 2023 (253.54) to Jun. 2024 (142.35). It may suggest that T42 IoT Tracking Solutions accelerated paying its suppliers.

T42 IoT Tracking Solutions Days Payable Historical Data

The historical data trend for T42 IoT Tracking Solutions'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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T42 IoT Tracking Solutions Days Payable Chart

T42 IoT Tracking Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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160.89

200.82

194.36

198.62

197.10

T42 IoT Tracking Solutions Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															235.21	211.88	253.54	198.90	142.35

Competitive Comparison of T42 IoT Tracking Solutions's Days Payable

For the Scientific & Technical Instruments subindustry, T42 IoT Tracking Solutions'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.

T42 IoT Tracking Solutions's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, T42 IoT Tracking Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where T42 IoT Tracking Solutions's Days Payable falls into.

T42 IoT Tracking Solutions 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.

T42 IoT Tracking Solutions'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
=	( (0.939	+	0.667)	/	2 )	/	1.487	*	365
=	0.803					/	1.487	*	365
=	197.10

T42 IoT Tracking Solutions'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
=	( (0.667	+	0.712)	/	2 )	/	0.884	*	365 / 2
=	0.6895					/	0.884	*	365 / 2
=	142.35

T42 IoT Tracking Solutions Days Payable Related Terms

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T42 IoT Tracking Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » T42 IoT Tracking Solutions PLC (LSE:TRAC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRAC:UK

Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.starcomplc.com

T42 IoT Tracking Solutions PLC group specializes in automated real-time systems for remote tracking and management of vehicles, containers, assets, and people. It offers real-time tracking systems for fleet management and security applications of the vehicle and driver, container monitoring, merchandise tracking, and management, and a personal locator for the protection of individuals. Its products include Watchlock, Software as a Service, Tetis, Kylos, and others. The firm has Hardware and SAS segments.