Avacta Group (LSE:AVCT) Days Payable : 266.36 (As of Dec. 2023)

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What is Avacta Group Days Payable?

Avacta Group's average Accounts Payable for the six months ended in Dec. 2023 was £10.02 Mil. Avacta Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £6.86 Mil. Hence, Avacta Group's Days Payable for the six months ended in Dec. 2023 was 266.36.

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

LSE:AVCT' s Days Payable Range Over the Past 10 Years
Min: 178.08 Med: 257.94 Max: 603.6
Current: 228.24

During the past 13 years, Avacta Group's highest Days Payable was 603.60. The lowest was 178.08. And the median was 257.94.

LSE:AVCT's Days Payable is ranked better than
60.77% of 724 companies
in the Biotechnology industry
Industry Median: 147.375 vs LSE:AVCT: 228.24

Avacta Group's Days Payable declined from Dec. 2022 (300.59) to Dec. 2023 (266.36). It may suggest that Avacta Group accelerated paying its suppliers.

Avacta Group Days Payable Historical Data

The historical data trend for Avacta 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.

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Avacta Group Days Payable Chart

Avacta Group Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec20

Dec21

Dec22

Dec23

Days Payable

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301.65

320.04

279.87

230.81

178.08

Avacta Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															1,340.92	1,948.04	300.59	235.93	266.36

Competitive Comparison of Avacta Group's Days Payable

For the Biotechnology subindustry, Avacta 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.

Avacta Group's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Avacta Group's Days Payable distribution charts can be found below:

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

Avacta 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.

Avacta Group'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
=	( (2.487	+	9.225)	/	2 )	/	12.003	*	365
=	5.856					/	12.003	*	365
=	178.08

Avacta Group'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
=	( (10.805	+	9.225)	/	2 )	/	6.862	*	365 / 2
=	10.015					/	6.862	*	365 / 2
=	266.36

Avacta Group Days Payable Related Terms

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Avacta Group (LSE:AVCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avacta Group PLC (LSE:AVCT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AVCTF:USA RTQ1:Germany

Address

Unit 20, Ash Way, Thorp Arch Estate, West Yorkshire, Wetherby, GBR, LS23 7FA

Website

https://www.avacta.com

Avacta Group PLC is a United Kingdom-based biotechnology company. The company offers its products through three segments that are Diagnostics, Therapeutics, and Animal Health. The company is developing novel cancer immunotherapies combining its two proprietary platforms Affimer biotherapeutics and precision tumor-targeted chemotherapy. The company operates in the United Kingdom, France, South Korea, Rest of Europe, Asia, and North America.

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