Quartix Technologies (LSE:QTX) Days Payable : 58.71 (As of Dec. 2023)

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What is Quartix Technologies Days Payable?

Quartix Technologies's average Accounts Payable for the six months ended in Dec. 2023 was £2.71 Mil. Quartix Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was £8.43 Mil. Hence, Quartix Technologies's Days Payable for the six months ended in Dec. 2023 was 58.71.

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

LSE:QTX' s Days Payable Range Over the Past 10 Years
Min: 55.72 Med: 74.91 Max: 121.41
Current: 70.23

During the past 13 years, Quartix Technologies's highest Days Payable was 121.41. The lowest was 55.72. And the median was 74.91.

LSE:QTX's Days Payable is ranked better than
51.96% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs LSE:QTX: 70.23

Quartix Technologies's Days Payable declined from Dec. 2022 (126.03) to Dec. 2023 (58.71). It may suggest that Quartix Technologies accelerated paying its suppliers.

Quartix Technologies Days Payable Historical Data

The historical data trend for Quartix Technologies'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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Quartix Technologies Days Payable Chart

Quartix Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.91

94.97

121.41

86.43

55.72

Quartix Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															152.91	133.21	126.03	112.83	58.71

Competitive Comparison of Quartix Technologies's Days Payable

For the Scientific & Technical Instruments subindustry, Quartix Technologies'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.

Quartix Technologies's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Quartix Technologies's Days Payable distribution charts can be found below:

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

Quartix Technologies 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.

Quartix Technologies'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
=	( (2.027	+	1.913)	/	2 )	/	12.904	*	365
=	1.97					/	12.904	*	365
=	55.72

Quartix Technologies'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
=	( (3.509	+	1.913)	/	2 )	/	8.427	*	365 / 2
=	2.711					/	8.427	*	365 / 2
=	58.71

Quartix Technologies Days Payable Related Terms

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Quartix Technologies (LSE:QTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quartix Technologies PLC (LSE:QTX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Castle Park, Sheraton House, Cambridge, GBR, CB3 0AX

Website

https://www.quartix.net

Quartix Technologies PLC is a supplier of vehicle telematics services. It has two reportable segments: Insurance and Total Fleet operations. The Total Fleet segment has been sub-divided into two further categories. Customer Acquisition includes sales and marketing costs of acquiring new fleet customers and the cost associated with units installed for those customers. Fleet Telematics Services includes recurring revenue associated with the group's active subscription base and the cost of servicing that subscription base. The main source of revenue for all segments is from the provision of vehicle telematics services. The group's revenue by geographical markets is highest in the UK, followed by France, the US, and other European territories.

Quartix Technologies (LSE:QTX) Headlines

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