Franchise Brands (LSE:FRAN) Days Payable : 89.72 (As of Jun. 2023)

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What is Franchise Brands Days Payable?

Franchise Brands's average Accounts Payable for the six months ended in Jun. 2023 was £20.1 Mil. Franchise Brands's Cost of Goods Sold for the six months ended in Jun. 2023 was £40.8 Mil. Hence, Franchise Brands's Days Payable for the six months ended in Jun. 2023 was 89.72.

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

LSE:FRAN' s Days Payable Range Over the Past 10 Years
Min: 31.52 Med: 68.85 Max: 93.89
Current: 93.89

During the past 10 years, Franchise Brands's highest Days Payable was 93.89. The lowest was 31.52. And the median was 68.85.

LSE:FRAN's Days Payable is ranked better than
73.46% of 923 companies
in the Business Services industry
Industry Median: 47.09 vs LSE:FRAN: 93.89

Franchise Brands's Days Payable increased from Jun. 2022 (75.19) to Jun. 2023 (89.72). It may suggest that Franchise Brands delayed paying its suppliers.

Franchise Brands Days Payable Historical Data

The historical data trend for Franchise Brands'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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Franchise Brands Days Payable Chart

Franchise Brands Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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84.50

69.09

73.29

47.16

31.52

Franchise Brands Semi-Annual Data
	Dec13	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														83.32	78.05	75.19	65.02	89.72

Competitive Comparison of Franchise Brands's Days Payable

For the Specialty Business Services subindustry, Franchise Brands'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.

Franchise Brands's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Franchise Brands's Days Payable distribution charts can be found below:

* The bar in red indicates where Franchise Brands's Days Payable falls into.

Franchise Brands 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.

Franchise Brands'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
=	( (4.372	+	6.542)	/	2 )	/	63.187	*	365
=	5.457					/	63.187	*	365
=	31.52

Franchise Brands'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
=	( (6.542	+	33.57)	/	2 )	/	40.795	*	365 / 2
=	20.056					/	40.795	*	365 / 2
=	89.72

Franchise Brands Days Payable Related Terms

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Franchise Brands (LSE:FRAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Franchise Brands PLC (LSE:FRAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ashwood Court, Springwood Close, Tytherington Business Park, Macclesfield, GBR, SK10 2XF

Website

https://www.franchisebrands.co.uk

Franchise Brands PLC is a holding company engaged in franchising and related activities. Its brands associated with the company are metro rod, chips away, barking mad, Oven clean, Metro Plumb, Willow Pumps, and Filta. Its operating segments are B2B, Filta International, B2C, Azura, and Other operations and the majority of the revenue comes from the B2B segment.

Franchise Brands (LSE:FRAN) Headlines

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