Trakm8 Holdings (LSE:TRAK) Days Payable : 444.26 (As of Sep. 2023)

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What is Trakm8 Holdings Days Payable?

Trakm8 Holdings's average Accounts Payable for the six months ended in Sep. 2023 was £6.86 Mil. Trakm8 Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was £2.82 Mil. Hence, Trakm8 Holdings's Days Payable for the six months ended in Sep. 2023 was 444.26.

The historical rank and industry rank for Trakm8 Holdings's Days Payable or its related term are showing as below:

LSE:TRAK' s Days Payable Range Over the Past 10 Years
Min: 97.52 Med: 131.24 Max: 406.72
Current: 406.72

During the past 13 years, Trakm8 Holdings's highest Days Payable was 406.72. The lowest was 97.52. And the median was 131.24.

LSE:TRAK's Days Payable is ranked better than
97.44% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs LSE:TRAK: 406.72

Trakm8 Holdings's Days Payable increased from Sep. 2022 (283.49) to Sep. 2023 (444.26). It may suggest that Trakm8 Holdings delayed paying its suppliers.

Trakm8 Holdings Days Payable Historical Data

The historical data trend for Trakm8 Holdings'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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Trakm8 Holdings Days Payable Chart

Trakm8 Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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158.97

135.96

135.88

129.03

192.75

Trakm8 Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															210.68	197.78	283.49	325.64	444.26

Competitive Comparison of Trakm8 Holdings's Days Payable

For the Scientific & Technical Instruments subindustry, Trakm8 Holdings'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.

Trakm8 Holdings's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Trakm8 Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Trakm8 Holdings's Days Payable falls into.

Trakm8 Holdings 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.

Trakm8 Holdings'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
=	( (2.956	+	5.183)	/	2 )	/	7.706	*	365
=	4.0695					/	7.706	*	365
=	192.75

Trakm8 Holdings'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
=	( (5.183	+	8.532)	/	2 )	/	2.817	*	365 / 2
=	6.8575					/	2.817	*	365 / 2
=	444.26

Trakm8 Holdings Days Payable Related Terms

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Trakm8 Holdings (LSE:TRAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trakm8 Holdings PLC (LSE:TRAK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Roman Park, Roman Way, Coleshill, Birmingham, West Midlands, GBR, B46 1HG

Website

https://www.trakm8.com

Trakm8 Holdings PLC is a UK-based company. The company through its subsidiaries is engaged in developing, manufacturing, marketing, and distribution of vehicle telematics devices and services. Its operating segment includes Integrated Telematics Technology. The company generates maximum revenue from Fleet and optimization and Insurance and automotive solutions. Geographically, it derives the majority of its revenue from the United Kingdom and has a presence in North America, Norway, the Rest of Europe, and the Rest of the World.