CT Automotive Group (LSE:CTA) Days Payable : 78.13 (As of Jun. 2023)

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What is CT Automotive Group Days Payable?

CT Automotive Group's average Accounts Payable for the six months ended in Jun. 2023 was £17.1 Mil. CT Automotive Group's Cost of Goods Sold for the six months ended in Jun. 2023 was £39.8 Mil. Hence, CT Automotive Group's Days Payable for the six months ended in Jun. 2023 was 78.13.

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

LSE:CTA' s Days Payable Range Over the Past 10 Years
Min: 56.35 Med: 77.89 Max: 155.82
Current: 72.19

During the past 5 years, CT Automotive Group's highest Days Payable was 155.82. The lowest was 56.35. And the median was 77.89.

LSE:CTA's Days Payable is ranked better than
54.71% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.81 vs LSE:CTA: 72.19

CT Automotive Group's Days Payable declined from Jun. 2022 (103.76) to Jun. 2023 (78.13). It may suggest that CT Automotive Group accelerated paying its suppliers.

CT Automotive Group Days Payable Historical Data

The historical data trend for CT Automotive 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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CT Automotive Group Days Payable Chart

CT Automotive Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

56.35

77.89

155.82

135.85

74.45

CT Automotive Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial				123.63	85.38	103.76	66.68	78.13

Competitive Comparison of CT Automotive Group's Days Payable

For the Auto Parts subindustry, CT Automotive 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.

CT Automotive Group's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CT Automotive Group's Days Payable distribution charts can be found below:

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

CT Automotive 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.

CT Automotive 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
=	( (18.753	+	17.892)	/	2 )	/	89.823	*	365
=	18.3225					/	89.823	*	365
=	74.45

CT Automotive 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
=	( (17.892	+	16.223)	/	2 )	/	39.843	*	365 / 2
=	17.0575					/	39.843	*	365 / 2
=	78.13

CT Automotive Group Days Payable Related Terms

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CT Automotive Group (LSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CT Automotive Group PLC (LSE:CTA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

X7X:Germany

Address

1000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, GBR, PO6 3EN

Website

https://www.ct-automotive.net

CT Automotive Group PLC designs develops and supplies interior components for the automotive industry. Customers include a few original equipment manufacturers and Tier One suppliers to OEMs. The group has an international manufacturing footprint with the majority of the production across three sites in China with additional sites in the UK, Czech Republic, and Turkey, as well as an engineering design office in India.