Torotrak (LSE:TRK) Days Payable: 659.03 (As of Mar. 2017) — 338% Above Median


What is Torotrak Days Payable?

Torotrak LSE:TRK Days Payable is 659.03 as of Mar. 2017, which is 338% above its 10-year median of 150.35. The stock has 4 warning signs investors should review.

Torotrak's average Accounts Payable for the six months ended in Mar. 2017 was £0.42 Mil. Torotrak's Cost of Goods Sold for the six months ended in Mar. 2017 was £0.12 Mil. Hence, Torotrak's Days Payable for the six months ended in Mar. 2017 was 659.03.

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

LSE:TRK' s Days Payable Range Over the Past 10 Years
Min: 23.57   Med: 150.35   Max: 406.38
Current: 214.23

During the past 13 years, Torotrak's highest Days Payable was 406.38. The lowest was 23.57. And the median was 150.35.

LSE:TRK's Days Payable is not ranked
in the Vehicles & Parts industry.
Industry Median: 67.035 vs LSE:TRK: 214.23

Torotrak's Days Payable increased from Mar. 2016 (163.88) to Mar. 2017 (659.03). It may suggest that Torotrak delayed paying its suppliers.


Torotrak Days Payable Historical Data

* Premium members only.

The historical data trend for Torotrak'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.

Torotrak Days Payable Chart

Torotrak Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.28 301.83 79.13 175.41 352.27

Torotrak Semi-Annual Data
Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.50 74.88 163.88 228.82 659.03

LSE:TRK vs DLPH: Days Payable Comparison

For the Auto Parts subindustry, Torotrak'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.


Torotrak Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Torotrak's Days Payable distribution charts can be found below:

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



Torotrak 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.

Torotrak's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

Days Payable (A: Mar. 2017 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2016 ) + Accounts Payable (A: Mar. 2017 )) / count ) / Cost of Goods Sold (A: Mar. 2017 )*Days in Period
=( (0.862 + 0.383) / 2 ) / 0.645*365
=0.6225 / 0.645*365
=352.27

Torotrak's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable (Q: Mar. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2016 ) + Accounts Payable (Q: Mar. 2017 )) / count ) / Cost of Goods Sold (Q: Mar. 2017 )*Days in Period
=( (0.462 + 0.383) / 2 ) / 0.117*365 / 2
=0.4225 / 0.117*365 / 2
=659.03

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 659.03 mean?
Torotrak (LSE:TRK) has a Days Payable of 659.03 as of Mar. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Torotrak and its competitors. This is 338% above median its historical median of 150.35. Over the past decade, Torotrak's Days Payable has ranged from 23.57 to 406.38.
Is Torotrak's Days Payable too high?
Torotrak's current Days Payable of 659.03 is 338% above median its 10-year median of 150.35. Over the past 10 years, this metric has ranged from a low of 23.57 to a high of 406.38. The Vehicles & Parts industry median Days Payable is 67.04. Torotrak's value of 659.03 is 883.1% above this industry median.
How does Torotrak's Days Payable compare to DLPH?
Torotrak's Days Payable of 659.03 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 67.04. Torotrak's value of 659.03 is 883.1% above this benchmark. Historically, Torotrak's own Days Payable has ranged from 23.57 to 406.38 over the past decade. While the company's 10-year median is 150.35 vs. the industry median of 67.04, Torotrak has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.04, based on 1,308 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Torotrak's current Days Payable of 659.03 is 883.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Torotrak and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Torotrak's current Days Payable is 659.03, which is 338% above median its own 10-year median of 150.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Torotrak stock overvalued right now?
Torotrak (LSE:TRK) has a current Days Payable of 659.03. The current Days Payable is 659.03, which is 338% above median its 10-year median of 150.35 and 883.1% above the Vehicles & Parts industry median of 67.04. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Torotrak (LSE:TRK), the current Days Payable is 659.03 as of Mar. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Torotrak Business Description

Comparable Companies LSE:SCELSE:AUTGLSE:GKNDLPH
Address 1 Aston Way, Leyland, Lancs, GBR, PR26 7UX
Torotrak PLC is a technology development company. It designs, develops and offers technologies that are focused on products, such as infinitely variable transmissions (IVTs), variable drive superchargers (V-Charge) and mechanical kinetic energy recovery systems (Flybrid). The company operates its business through the following segments, Licence Agreements, Engineering Services, and Development Activities, Including Research and The Creation of New Intellectual Property. Its Flybrid technology relates to high-speed flywheels which are used vehicles, V-Charge technology is used to control emissions in gasoline and diesel engines, and IVTs improves the performance and fuel economy of the vehicle.