Itaconix (LSE:ITX) Days Payable : 87.69 (As of Dec. 2023)

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What is Itaconix Days Payable?

Itaconix's average Accounts Payable for the six months ended in Dec. 2023 was £0.96 Mil. Itaconix's Cost of Goods Sold for the six months ended in Dec. 2023 was £2.00 Mil. Hence, Itaconix's Days Payable for the six months ended in Dec. 2023 was 87.69.

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

LSE:ITX' s Days Payable Range Over the Past 10 Years
Min: 71.44 Med: 119.72 Max: 600.33
Current: 77.73

During the past 13 years, Itaconix's highest Days Payable was 600.33. The lowest was 71.44. And the median was 119.72.

LSE:ITX's Days Payable is ranked better than
64.67% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs LSE:ITX: 77.73

Itaconix's Days Payable declined from Dec. 2022 (131.86) to Dec. 2023 (87.69). It may suggest that Itaconix accelerated paying its suppliers.

Itaconix Days Payable Historical Data

The historical data trend for Itaconix'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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Itaconix Days Payable Chart

Itaconix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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102.94

119.72

167.40

71.44

75.66

Itaconix 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															98.38	89.68	131.86	71.10	87.69

Competitive Comparison of Itaconix's Days Payable

For the Specialty Chemicals subindustry, Itaconix'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.

Itaconix's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Itaconix's Days Payable distribution charts can be found below:

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

Itaconix 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.

Itaconix'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
=	( (0.823	+	0.955)	/	2 )	/	4.289	*	365
=	0.889					/	4.289	*	365
=	75.66

Itaconix'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
=	( (0.966	+	0.955)	/	2 )	/	1.999	*	365 / 2
=	0.9605					/	1.999	*	365 / 2
=	87.69

Itaconix Days Payable Related Terms

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Itaconix (LSE:ITX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Itaconix PLC (LSE:ITX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ITXXF:USA ITX:UK 18G0:Germany

Address

2 Marin Way, Unit 1, Stratham, NH, USA, 03885

Website

https://www.itaconix.com

Itaconix PLC is developing and producing bio-based polymers from itaconic acid. The company products are used in the safety of homecare, personal care, and industrial sectors. Geographically, it derives majority of its revenue from North America and also has a presence in Europe. Revenue for the Group is comprised of three market segments: Cleaning, Hygiene, Beauty and Other.

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