Various Eateries (LSE:VARE) Days Payable : 16.92 (As of Sep. 2023)

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What is Various Eateries Days Payable?

Various Eateries's average Accounts Payable for the six months ended in Sep. 2023 was £2.19 Mil. Various Eateries's Cost of Goods Sold for the six months ended in Sep. 2023 was £23.58 Mil. Hence, Various Eateries's Days Payable for the six months ended in Sep. 2023 was 16.92.

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

LSE:VARE' s Days Payable Range Over the Past 10 Years
Min: 18.44 Med: 29.49 Max: 45.89
Current: 18.44

During the past 7 years, Various Eateries's highest Days Payable was 45.89. The lowest was 18.44. And the median was 29.49.

LSE:VARE's Days Payable is ranked worse than
86.73% of 339 companies
in the Restaurants industry
Industry Median: 38.23 vs LSE:VARE: 18.44

Various Eateries's Days Payable declined from Sep. 2022 (17.79) to Sep. 2023 (16.92). It may suggest that Various Eateries accelerated paying its suppliers.

Various Eateries Days Payable Historical Data

The historical data trend for Various Eateries'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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Various Eateries Days Payable Chart

Various Eateries Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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28.42

45.89

36.67

18.63

22.35

Various Eateries Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial							18.88	18.93	17.79	15.95	16.92

Competitive Comparison of Various Eateries's Days Payable

For the Restaurants subindustry, Various Eateries'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.

Various Eateries's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Various Eateries's Days Payable distribution charts can be found below:

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

Various Eateries 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.

Various Eateries's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (2.232	+	3.107)	/	2 )	/	43.597	*	365
=	2.6695					/	43.597	*	365
=	22.35

Various Eateries's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.267	+	3.107)	/	2 )	/	23.584	*	365 / 2
=	2.187					/	23.584	*	365 / 2
=	16.92

Various Eateries Days Payable Related Terms

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Various Eateries (LSE:VARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Various Eateries PLC (LSE:VARE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Saint Thomas Street, Runway East, London, GBR, SE1 9RS

Website

http://www.variouseateries.co.uk

Various Eateries PLC owns, develops, and operates restaurant sites in the United Kingdom. The company operates two core brands; Coppa Club, a multi-use, all-day concept that combines a restaurant, terrace, cafe, lounge, bar, and workspaces; and Tavolino, a restaurant aiming to address a gap in the market for high-quality Italian food at mid-market prices. The company has two operating segments; the Restaurant Segment, and the Hotel Segment, out of which a majority of the company's revenue is derived from the Restaurant Segment.

Various Eateries (LSE:VARE) Headlines

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