Touchstar (LSE:TST) Days Payable : 114.51 (As of Dec. 2023)

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What is Touchstar Days Payable?

Touchstar's average Accounts Payable for the six months ended in Dec. 2023 was £0.80 Mil. Touchstar's Cost of Goods Sold for the six months ended in Dec. 2023 was £1.28 Mil. Hence, Touchstar's Days Payable for the six months ended in Dec. 2023 was 114.51.

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

LSE:TST' s Days Payable Range Over the Past 10 Years
Min: 56.42 Med: 68.27 Max: 91.04
Current: 84.05

During the past 13 years, Touchstar's highest Days Payable was 91.04. The lowest was 56.42. And the median was 68.27.

LSE:TST's Days Payable is ranked better than
62.04% of 2426 companies
in the Hardware industry
Industry Median: 68.08 vs LSE:TST: 84.05

Touchstar's Days Payable increased from Dec. 2022 (103.74) to Dec. 2023 (114.51). It may suggest that Touchstar delayed paying its suppliers.

Touchstar Days Payable Historical Data

The historical data trend for Touchstar'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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Touchstar Days Payable Chart

Touchstar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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76.48

62.81

65.93

62.95

56.42

Touchstar Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															118.41	113.73	103.74	85.10	114.51

Competitive Comparison of Touchstar's Days Payable

For the Computer Hardware subindustry, Touchstar'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.

Touchstar's Days Payable Distribution in the Hardware Industry

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

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

Touchstar 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.

Touchstar'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
=	( (0.429	+	0.479)	/	2 )	/	2.937	*	365
=	0.454					/	2.937	*	365
=	56.42

Touchstar'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
=	( (1.121	+	0.479)	/	2 )	/	1.275	*	365 / 2
=	0.8					/	1.275	*	365 / 2
=	114.51

Touchstar Days Payable Related Terms

Thank you for viewing the detailed overview of Touchstar's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Touchstar (LSE:TST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Touchstar PLC (LSE:TST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Commerce Way, Trafford Park, Manchester, GBR, M17 1HW

Website

https://www.touchstarplc.com

Touchstar PLC and its subsidiaries design and build mobile computing devices and develop software solutions used in field-based delivery, logistics, and service applications. Its software solutions are categorized into the Contact center, Workforce management, Analytics, Infrastructure, and SMB solutions. The company reports a single segment namely the Supply and maintenance of real-time electronic data systems segment. Geographically, it derives a majority of its revenue from the United Kingdom.

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