Finseta (LSE:FIN) Days Payable : 19.90 (As of Dec. 2023)

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What is Finseta Days Payable?

Finseta's average Accounts Payable for the six months ended in Dec. 2023 was £0.23 Mil. Finseta's Cost of Goods Sold for the six months ended in Dec. 2023 was £2.13 Mil. Hence, Finseta's Days Payable for the six months ended in Dec. 2023 was 19.90.

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

LSE:FIN' s Days Payable Range Over the Past 10 Years
Min: 28.44 Med: 83.24 Max: 142.69
Current: 28.44

During the past 5 years, Finseta's highest Days Payable was 142.69. The lowest was 28.44. And the median was 83.24.

LSE:FIN's Days Payable is ranked worse than
68.91% of 2531 companies
in the Software industry
Industry Median: 50.13 vs LSE:FIN: 28.44

Finseta's Days Payable declined from Dec. 2022 (68.40) to Dec. 2023 (19.90). It may suggest that Finseta accelerated paying its suppliers.

Finseta Days Payable Historical Data

The historical data trend for Finseta'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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Finseta Days Payable Chart

Finseta Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

97.97

142.69

68.51

31.50

Finseta Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			89.26	106.94	68.40	37.51	19.90

Competitive Comparison of Finseta's Days Payable

For the Information Technology Services subindustry, Finseta'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.

Finseta's Days Payable Distribution in the Software Industry

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

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

Finseta 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.

Finseta'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
=	( (0.362	+	0.248)	/	2 )	/	3.534	*	365
=	0.305					/	3.534	*	365
=	31.50

Finseta'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
=	( (0.216	+	0.248)	/	2 )	/	2.128	*	365 / 2
=	0.232					/	2.128	*	365 / 2
=	19.90

Finseta Days Payable Related Terms

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Finseta (LSE:FIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Finseta Plc (LSE:FIN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

90W:Germany

Address

75 King William Street, London, ENG, MK18 2JR

Website

https://www.cornerstonefs.com

Cornerstone FS PLC is a cloud-based provider of international payment, currency risk management, and electronic account services focused on removing the complexity of international payments for customers.

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