Tribe Technology (LSE:TRYB) Days Payable : 608.67 (As of Dec. 2023)

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What is Tribe Technology Days Payable?

Tribe Technology's average Accounts Payable for the six months ended in Dec. 2023 was £0.60 Mil. Tribe Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was £0.18 Mil. Hence, Tribe Technology's Days Payable for the six months ended in Dec. 2023 was 608.67.

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

LSE:TRYB' s Days Payable Range Over the Past 10 Years
Min: 279.95 Med: 621.14 Max: 876.37
Current: 279.95

During the past 3 years, Tribe Technology's highest Days Payable was 876.37. The lowest was 279.95. And the median was 621.14.

LSE:TRYB's Days Payable is ranked better than
93.24% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.85 vs LSE:TRYB: 279.95

Tribe Technology's Days Payable declined from Dec. 2022 (945.68) to Dec. 2023 (608.67). It may suggest that Tribe Technology accelerated paying its suppliers.

Tribe Technology Days Payable Historical Data

The historical data trend for Tribe Technology'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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Tribe Technology Days Payable Chart

Tribe Technology Annual Data

Trend

Jun21

Jun22

Jun23

Days Payable

876.37

365.91

Tribe Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			2,463.75	639.82	945.68	199.48	608.67

Competitive Comparison of Tribe Technology's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Tribe Technology'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.

Tribe Technology's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tribe Technology's Days Payable distribution charts can be found below:

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

Tribe Technology 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.

Tribe Technology's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.894	+	0.708)	/	2 )	/	0.799	*	365
=	0.801					/	0.799	*	365
=	365.91

Tribe Technology'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
=	( (0.708	+	0.486)	/	2 )	/	0.179	*	365 / 2
=	0.597					/	0.179	*	365 / 2
=	608.67

Tribe Technology Days Payable Related Terms

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Tribe Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tribe Technology PLC (LSE:TRYB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7B Enterprise Way, Mallusk, Belfast, GBR, BT36 4EW

Website

https://www.tribetechgroup.com

Tribe Technology PLC is a company involved in developing and manufacturing of autonomous mining equipment. The Company's core activities are the development, in-house manufacturing, and sale of its autonomous reverse circulation (RC) drill rigs incorporating its core proprietary intellectual property, Tribe Technology Drilling System (TTDS).

Tribe Technology Headlines

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