Marks Electrical Group (LSE:MRK) Days Payable : 63.69 (As of Sep. 2023)

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What is Marks Electrical Group Days Payable?

Marks Electrical Group's average Accounts Payable for the six months ended in Sep. 2023 was £15.8 Mil. Marks Electrical Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £45.4 Mil. Hence, Marks Electrical Group's Days Payable for the six months ended in Sep. 2023 was 63.69.

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

LSE:MRK' s Days Payable Range Over the Past 10 Years
Min: 31.97 Med: 44.74 Max: 65.89
Current: 65.89

During the past 5 years, Marks Electrical Group's highest Days Payable was 65.89. The lowest was 31.97. And the median was 44.74.

LSE:MRK's Days Payable is ranked better than
56.8% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs LSE:MRK: 65.89

Marks Electrical Group's Days Payable declined from Sep. 2022 (63.95) to Sep. 2023 (63.69). It may suggest that Marks Electrical Group accelerated paying its suppliers.

Marks Electrical Group Days Payable Historical Data

The historical data trend for Marks Electrical 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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Marks Electrical Group Days Payable Chart

Marks Electrical Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

52.64

44.74

31.97

37.43

47.75

Marks Electrical Group Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial				48.36	51.75	63.95	60.31	63.69

Competitive Comparison of Marks Electrical Group's Days Payable

For the Internet Retail subindustry, Marks Electrical 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.

Marks Electrical Group's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Marks Electrical Group's Days Payable distribution charts can be found below:

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

Marks Electrical 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.

Marks Electrical Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (8.331	+	12.286)	/	2 )	/	78.792	*	365
=	10.3085					/	78.792	*	365
=	47.75

Marks Electrical Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (12.286	+	19.389)	/	2 )	/	45.378	*	365 / 2
=	15.8375					/	45.378	*	365 / 2
=	63.69

Marks Electrical Group Days Payable Related Terms

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Marks Electrical Group (LSE:MRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Marks Electrical Group PLC (LSE:MRK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Boston Road, Leicester, GBR, LE4 1AU

Website

https://www.markselectrical.co.uk

Marks Electrical Group PLC sells, delivers, installs, and recycles a wide range of household electrical products. Primarily through its retail website - markselectrical.co.uk, the company offers over 3,000 products from over fifty brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the group maintains strong and direct relationships. Delivery to customers is operated by its own skilled team of delivery drivers in its owned and branded vehicles, who are also able to offer installation and recycling services.