Tracsis (LSE:TRCS) Days Payable : 88.41 (As of Jul. 2024)

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What is Tracsis Days Payable?

Tracsis's average Accounts Payable for the six months ended in Jul. 2024 was £9.93 Mil. Tracsis's Cost of Goods Sold for the six months ended in Jul. 2024 was £20.49 Mil. Hence, Tracsis's Days Payable for the six months ended in Jul. 2024 was 88.41.

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

LSE:TRCS' s Days Payable Range Over the Past 10 Years
Min: 22.22 Med: 24.68 Max: 80.8
Current: 80.8

During the past 13 years, Tracsis's highest Days Payable was 80.80. The lowest was 22.22. And the median was 24.68.

LSE:TRCS's Days Payable is ranked better than
64.88% of 2523 companies
in the Software industry
Industry Median: 48.75 vs LSE:TRCS: 80.80

Tracsis's Days Payable declined from Jul. 2023 (114.54) to Jul. 2024 (88.41). It may suggest that Tracsis accelerated paying its suppliers.

Tracsis Days Payable Historical Data

The historical data trend for Tracsis'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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Tracsis Days Payable Chart

Tracsis Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Days Payable

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25.30

24.33

23.63

32.17

33.33

Tracsis Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Days Payable	Get a 7-Day Free Trial															103.51	131.43	114.54	127.28	88.41

Competitive Comparison of Tracsis's Days Payable

For the Software - Application subindustry, Tracsis'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.

Tracsis's Days Payable Distribution in the Software Industry

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

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

Tracsis 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.

Tracsis'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
=	( (3.398	+	2.995)	/	2 )	/	35.009	*	365
=	3.1965					/	35.009	*	365
=	33.33

Tracsis'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
=	( (16.856	+	2.995)	/	2 )	/	20.489	*	365 / 2
=	9.9255					/	20.489	*	365 / 2
=	88.41

Tracsis Days Payable Related Terms

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Tracsis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tracsis PLC (LSE:TRCS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TCIIF:USA TRCS.GB:UK

Address

Discovery Way, Nexus, Leeds, GBR, LS2 3AA

Website

https://www.tracsis.com

Tracsis PLC is engaged in the business of software development and consultancy for the rail industry. It is organized into two main business segments: Rail Technology and Services and Data, Analytics, Consultancy & Events. The Rail Technology and Services division includes software, consultancy, and remote condition monitoring technology and also includes Ontrac. The Data, Analytics, Consultancy & Events division which derives majority revenue, focuses on data capture and analytics, geographic information systems, earth observation, consultancy and event traffic management within a range of transport and pedestrian rich environments. The company currently operates in three geographical markets: the United Kingdom, Ireland, Europe, North America Australia, and the Rest of the world.

Tracsis Headlines

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