Partway Group (LSE:PTY) Days Payable : 33.00 (As of Jun. 2023)

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What is Partway Group Days Payable?

Partway Group's average Accounts Payable for the six months ended in Jun. 2023 was £2.96 Mil. Partway Group's Cost of Goods Sold for the six months ended in Jun. 2023 was £16.38 Mil. Hence, Partway Group's Days Payable for the six months ended in Jun. 2023 was 33.00.

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

LSE:PTY' s Days Payable Range Over the Past 10 Years
Min: 22.61 Med: 25.15 Max: 31.63
Current: 31.63

During the past 13 years, Partway Group's highest Days Payable was 31.63. The lowest was 22.61. And the median was 25.15.

LSE:PTY's Days Payable is ranked worse than
65.43% of 2531 companies
in the Software industry
Industry Median: 50.16 vs LSE:PTY: 31.63

Partway Group's Days Payable increased from Jun. 2022 (28.48) to Jun. 2023 (33.00). It may suggest that Partway Group delayed paying its suppliers.

Partway Group Days Payable Historical Data

The historical data trend for Partway 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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Partway Group Days Payable Chart

Partway Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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25.04

28.75

31.14

22.61

22.80

Partway Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															33.98	33.73	28.48	26.96	33.00

Competitive Comparison of Partway Group's Days Payable

For the Information Technology Services subindustry, Partway 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.

Partway Group's Days Payable Distribution in the Software Industry

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

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

Partway 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.

Partway 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
=	( (2.494	+	2.368)	/	2 )	/	38.925	*	365
=	2.431					/	38.925	*	365
=	22.80

Partway 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
=	( (2.368	+	3.555)	/	2 )	/	16.378	*	365 / 2
=	2.9615					/	16.378	*	365 / 2
=	33.00

Partway Group Days Payable Related Terms

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Partway Group (LSE:PTY) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PTY.GB:UK

Address

32 Blackfriars Road, London, GBR, SE1 9PB

Website

https://www.partway.net

Partway Group PLC formerly Parity Group PLC provides professional recruitment, information technology solutions, and people development services to its clients. The company provides a range of recruitment and data and technology solutions to clients across the public and private sectors. The company provides recruitment services including predominately interim recruitment to a diverse range of clients delivered to central and local government within the public sector and retail, housing, utilities, and education in the private sector, and data and technology solutions including data consultancy services and business intelligence solutions. The company generates the majority of its revenue from geographical segments of the United Kingdom as compared to European Union, and Others.