HSS Hire Group (LSE:HSS) Days Payable : 90.37 (As of Dec. 2023)

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What is HSS Hire Group Days Payable?

HSS Hire Group's average Accounts Payable for the six months ended in Dec. 2023 was £46.6 Mil. HSS Hire Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £94.1 Mil. Hence, HSS Hire Group's Days Payable for the six months ended in Dec. 2023 was 90.37.

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

LSE:HSS' s Days Payable Range Over the Past 10 Years
Min: 80.93 Med: 98.93 Max: 166.97
Current: 91.19

During the past 13 years, HSS Hire Group's highest Days Payable was 166.97. The lowest was 80.93. And the median was 98.93.

LSE:HSS's Days Payable is ranked better than
72.59% of 923 companies
in the Business Services industry
Industry Median: 47.5 vs LSE:HSS: 91.19

HSS Hire Group's Days Payable declined from Dec. 2022 (92.43) to Dec. 2023 (90.37). It may suggest that HSS Hire Group accelerated paying its suppliers.

HSS Hire Group Days Payable Historical Data

The historical data trend for HSS Hire 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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HSS Hire Group Days Payable Chart

HSS Hire Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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90.89

80.93

83.62

93.95

93.39

HSS Hire 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															89.10	96.40	92.43	89.77	90.37

Competitive Comparison of HSS Hire Group's Days Payable

For the Rental & Leasing Services subindustry, HSS Hire 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.

HSS Hire Group's Days Payable Distribution in the Business Services Industry

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

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

HSS Hire 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.

HSS Hire Group'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
=	( (41.693	+	50.41)	/	2 )	/	179.978	*	365
=	46.0515					/	179.978	*	365
=	93.39

HSS Hire 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
=	( (42.785	+	50.41)	/	2 )	/	94.106	*	365 / 2
=	46.5975					/	94.106	*	365 / 2
=	90.37

HSS Hire Group Days Payable Related Terms

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HSS Hire Group (LSE:HSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HSS Hire Group PLC (LSE:HSS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mosley Road, Building 2, Think Park, Manchester, GBR, M17 1FQ76

Website

https://www.hsshiregroup.com

HSS Hire Group PLC operates in the United Kingdom based rental and leasing industry and is a leader in the equipment hire market. The company's business focuses on supplying equipment and services to the fit-out, maintain and operate sectors of the market. Its operations are segmented into the following reportable segments: Rental and related revenue; and Services. Rental and related revenue comprise the rental income earned from owned tools and equipment including powered access, power generation. Services comprise the group's rehire business known as HSS OneCall and HSS Training. Its portfolio of brands includes HSS hire, HSS One Call, HSS Training, and ABird Power Solutions.

HSS Hire Group (LSE:HSS) Headlines

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