Kromek Group (LSE:KMK) Days Payable : 395.70 (As of Oct. 2023)

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What is Kromek Group Days Payable?

Kromek Group's average Accounts Payable for the six months ended in Oct. 2023 was £7.04 Mil. Kromek Group's Cost of Goods Sold for the six months ended in Oct. 2023 was £3.25 Mil. Hence, Kromek Group's Days Payable for the six months ended in Oct. 2023 was 395.70.

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

LSE:KMK' s Days Payable Range Over the Past 10 Years
Min: 245.79 Med: 347.42 Max: 552.36
Current: 322.27

During the past 13 years, Kromek Group's highest Days Payable was 552.36. The lowest was 245.79. And the median was 347.42.

LSE:KMK's Days Payable is ranked better than
96.04% of 2423 companies
in the Hardware industry
Industry Median: 68.13 vs LSE:KMK: 322.27

Kromek Group's Days Payable increased from Oct. 2022 (304.69) to Oct. 2023 (395.70). It may suggest that Kromek Group delayed paying its suppliers.

Kromek Group Days Payable Historical Data

The historical data trend for Kromek 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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Kromek Group Days Payable Chart

Kromek Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

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245.79

356.52

499.50

384.50

323.64

Kromek Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Days Payable	Get a 7-Day Free Trial															435.98	314.18	304.69	280.67	395.70

Competitive Comparison of Kromek Group's Days Payable

For the Scientific & Technical Instruments subindustry, Kromek 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.

Kromek Group's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kromek Group's Days Payable distribution charts can be found below:

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

Kromek 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.

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

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (7.524	+	7.326)	/	2 )	/	8.374	*	365
=	7.425					/	8.374	*	365
=	323.64

Kromek Group's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (7.326	+	6.75)	/	2 )	/	3.246	*	365 / 2
=	7.038					/	3.246	*	365 / 2
=	395.70

Kromek Group Days Payable Related Terms

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Kromek Group (LSE:KMK) Business Description

Industry

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KRMKF:USA

Address

Thomas Wright Way, NETPark, Sedgefield, Durham, GBR, TS21 3FD

Website

https://www.kromek.com

Kromek Group PLC is the developer of radiation detectors based on cadmium zinc telluride, providing improved detection and characterization capabilities within the medical imaging, nuclear detection, and security screening markets. Based on its technology platforms, the company design, develop, and produces x-ray and gamma-ray imaging and radiation detection products for the industrial and consumer markets. Some of its products include TN15 thermal neutron detector, SPEAR CZT-based radiation detector, VTF voltage to frequency converter, D3S NET networked radiation detector, and Photon-counting spectral CT. Its geographical segments include the United Kingdom, North America, Asia, Europe, and Australasia, of which the majority of the revenue comes from North America.

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