Auction Technology Group (LSE:ATG) Days Payable : 57.26 (As of Mar. 2024)

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What is Auction Technology Group Days Payable?

Auction Technology Group's average Accounts Payable for the six months ended in Mar. 2024 was £8.8 Mil. Auction Technology Group's Cost of Goods Sold for the six months ended in Mar. 2024 was £28.1 Mil. Hence, Auction Technology Group's Days Payable for the six months ended in Mar. 2024 was 57.26.

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

LSE:ATG' s Days Payable Range Over the Past 10 Years
Min: 10.76 Med: 15.86 Max: 112.2
Current: 112.2

During the past 6 years, Auction Technology Group's highest Days Payable was 112.20. The lowest was 10.76. And the median was 15.86.

LSE:ATG's Days Payable is ranked better than
72.07% of 2531 companies
in the Software industry
Industry Median: 50.36 vs LSE:ATG: 112.20

Auction Technology Group's Days Payable declined from Mar. 2023 (96.60) to Mar. 2024 (57.26). It may suggest that Auction Technology Group accelerated paying its suppliers.

Auction Technology Group Days Payable Historical Data

The historical data trend for Auction Technology Group'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.

* Premium members only.

Auction Technology Group Days Payable Chart

Auction Technology Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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26.45

16.40

15.31

15.05

25.56

Auction Technology Group Semi-Annual Data
	Sep18	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial					105.62	97.57	96.60	145.52	57.26

Competitive Comparison of Auction Technology Group's Days Payable

For the Software - Application subindustry, Auction Technology Group'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.

Auction Technology Group's Days Payable Distribution in the Software Industry

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

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

Auction Technology Group 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.

Auction Technology Group'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
=	( (2.375	+	3.715)	/	2 )	/	43.481	*	365
=	3.045					/	43.481	*	365
=	25.56

Auction Technology Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.715	+	13.934)	/	2 )	/	28.128	*	365 / 2
=	8.8245					/	28.128	*	365 / 2
=	57.26

Auction Technology Group Days Payable Related Terms

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Auction Technology Group (LSE:ATG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Auction Technology Group PLC (LSE:ATG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ATHGF:USA ATGl:UK 684:Germany

Address

65 Southwark Street, The Harlequin Building, London, GBR, SE1 0HR

Website

https://www.auctiontechnologygroup.com

Auction Technology Group PLC is engaged in the provision of auction technology software and related services to auction houses and other customers. Its goal is to simplify and integrate multiple parts of the online auction process, from the cataloguing of items to marketing, auction hosting, bidding and recent payment solutions. The group has four segments namely Arts and Antiques, Industrial and Commercial, Auction services, and Content. The majority of revenue is generated from Art & Antiques segment. Geographically the company serves the United Kingdom, Germany, and USA, where the majority of revenue is generated from USA.

Auction Technology Group (LSE:ATG) Headlines

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