GETECH Group (LSE:GTC) Days Payable : 252.79 (As of Jun. 2023)

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What is GETECH Group Days Payable?

GETECH Group's average Accounts Payable for the six months ended in Jun. 2023 was £1.47 Mil. GETECH Group's Cost of Goods Sold for the six months ended in Jun. 2023 was £1.06 Mil. Hence, GETECH Group's Days Payable for the six months ended in Jun. 2023 was 252.79.

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

LSE:GTC' s Days Payable Range Over the Past 10 Years
Min: 34.75 Med: 174.95 Max: 251.17
Current: 157.88

During the past 13 years, GETECH Group's highest Days Payable was 251.17. The lowest was 34.75. And the median was 174.95.

LSE:GTC's Days Payable is ranked better than
78.47% of 901 companies
in the Oil & Gas industry
Industry Median: 60.98 vs LSE:GTC: 157.88

GETECH Group's Days Payable increased from Jun. 2022 (203.36) to Jun. 2023 (252.79). It may suggest that GETECH Group delayed paying its suppliers.

GETECH Group Days Payable Historical Data

The historical data trend for GETECH 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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GETECH Group Days Payable Chart

GETECH Group Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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230.94

213.50

144.07

69.22

34.75

GETECH Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															229.78	157.12	203.36	77.95	252.79

Competitive Comparison of GETECH Group's Days Payable

For the Oil & Gas Equipment & Services subindustry, GETECH 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.

GETECH Group's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, GETECH Group's Days Payable distribution charts can be found below:

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

GETECH 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.

GETECH Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.329	+	0.372)	/	2 )	/	3.681	*	365
=	0.3505					/	3.681	*	365
=	34.75

GETECH Group's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.372	+	2.559)	/	2 )	/	1.058	*	365 / 2
=	1.4655					/	1.058	*	365 / 2
=	252.79

GETECH Group Days Payable Related Terms

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GETECH Group (LSE:GTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GETECH Group PLC (LSE:GTC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

3AS:Germany

Address

Elmete Lane, Kitson House, Elmete Hall, West Yorkshire, Leeds, GBR, LS8 2LJ

Website

https://www.getech.com

GETECH Group PLC is a UK-based geosciences service provider company. It is engaged in the provision of geological services, reports, and data to the petroleum and mining industries to assist in their exploration activities. The company organizes its operations into two main segments: Products and Services. It derives its revenue from the Product segment. It has operations in the Americas, the United Kingdom, the Rest of Europe, Asia-Pacific, Africa, and others.

GETECH Group (LSE:GTC) Headlines

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