Ashmore Group (LSE:ASHM) Days Payable : 83.92 (As of Dec. 2023)

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What is Ashmore Group Days Payable?

Ashmore Group's average Accounts Payable for the six months ended in Dec. 2023 was £17.8 Mil. Ashmore Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £38.6 Mil. Hence, Ashmore Group's Days Payable for the six months ended in Dec. 2023 was 83.92.

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

LSE:ASHM' s Days Payable Range Over the Past 10 Years
Min: 221.28 Med: 418.48 Max: 1504.69
Current: 224.55

During the past 13 years, Ashmore Group's highest Days Payable was 1504.69. The lowest was 221.28. And the median was 418.48.

LSE:ASHM's Days Payable is ranked better than
74.03% of 466 companies
in the Asset Management industry
Industry Median: 69.215 vs LSE:ASHM: 224.55

Ashmore Group's Days Payable declined from Dec. 2022 (88.04) to Dec. 2023 (83.92). It may suggest that Ashmore Group accelerated paying its suppliers.

Ashmore Group Days Payable Historical Data

The historical data trend for Ashmore 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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Ashmore Group Days Payable Chart

Ashmore Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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391.69

346.91

336.00

289.85

221.28

Ashmore Group 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															108.25	-	88.04	-	83.92

Competitive Comparison of Ashmore Group's Days Payable

For the Asset Management subindustry, Ashmore 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.

Ashmore Group's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ashmore Group's Days Payable distribution charts can be found below:

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

Ashmore 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.

Ashmore Group's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (15.8	+	13.3)	/	2 )	/	24	*	365
=	14.55					/	24	*	365
=	221.28

Ashmore Group'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
=	( (13.3	+	22.2)	/	2 )	/	38.6	*	365 / 2
=	17.75					/	38.6	*	365 / 2
=	83.92

Ashmore Group Days Payable Related Terms

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Ashmore Group (LSE:ASHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ashmore Group PLC (LSE:ASHM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AJMPF:USA ASHMl:UK A1B:Germany

Address

61 Aldwych, London, GBR, WC2B 4AE

Website

https://www.ashmoregroup.com/en-gb

Ashmore Group PLC is a value-oriented asset management firm that focuses its investments on emerging markets. It offers a diverse range of both traditional and alternative investment strategies to a global client base, including both institutional and retail investors. The company invests in sovereign debt instruments, currencies, corporate debt, equities, derivatives, private equity, real estate, distressed debt, and other special situations. The firm reports on changes in assets under management as the majority of its revenue is derived from management fees. The company also benefits from performance fees on its investments.

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