Bytes Technology Group (LSE:BYIT) Days Payable : 849.88 (As of Aug. 2023)

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What is Bytes Technology Group Days Payable?

Bytes Technology Group's average Accounts Payable for the six months ended in Aug. 2023 was £155.4 Mil. Bytes Technology Group's Cost of Goods Sold for the six months ended in Aug. 2023 was £33.4 Mil. Hence, Bytes Technology Group's Days Payable for the six months ended in Aug. 2023 was 849.88.

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

LSE:BYIT' s Days Payable Range Over the Past 10 Years
Min: 67.56 Med: 104.3 Max: 1083.9
Current: 910.66

During the past 6 years, Bytes Technology Group's highest Days Payable was 1083.90. The lowest was 67.56. And the median was 104.30.

LSE:BYIT's Days Payable is ranked better than
95.33% of 2527 companies
in the Software industry
Industry Median: 50.45 vs LSE:BYIT: 910.66

Bytes Technology Group's Days Payable declined from Aug. 2022 (875.33) to Aug. 2023 (849.88). It may suggest that Bytes Technology Group accelerated paying its suppliers.

Bytes Technology Group Days Payable Historical Data

The historical data trend for Bytes 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.

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Bytes Technology Group Days Payable Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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73.00

95.02

113.58

1,083.90

890.86

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Payable	Get a 7-Day Free Trial						993.14	1,249.55	875.33	946.12	849.88

Competitive Comparison of Bytes Technology Group's Days Payable

For the Software - Infrastructure subindustry, Bytes 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.

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

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

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

Bytes 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.

Bytes Technology Group's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (129.43	+	138.307)	/	2 )	/	54.848	*	365
=	133.8685					/	54.848	*	365
=	890.86

Bytes Technology Group's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (138.307	+	172.447)	/	2 )	/	33.365	*	365 / 2
=	155.377					/	33.365	*	365 / 2
=	849.88

Bytes Technology Group Days Payable Related Terms

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Bytes Technology Group (LSE:BYIT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

BYI:South Africa BYITl:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

Bytes Technology Group (LSE:BYIT) Headlines

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