Ninety One (LSE:N91) Days Payable : 192.62 (As of Sep. 2023)

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What is Ninety One Days Payable?

Ninety One's average Accounts Payable for the six months ended in Sep. 2023 was £198.9 Mil. Ninety One's Cost of Goods Sold for the six months ended in Sep. 2023 was £188.4 Mil. Hence, Ninety One's Days Payable for the six months ended in Sep. 2023 was 192.62.

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

LSE:N91' s Days Payable Range Over the Past 10 Years
Min: 134.09 Med: 377.92 Max: 931.55
Current: 931.55

During the past 7 years, Ninety One's highest Days Payable was 931.55. The lowest was 134.09. And the median was 377.92.

LSE:N91's Days Payable is ranked better than
89.38% of 471 companies
in the Asset Management industry
Industry Median: 68.13 vs LSE:N91: 931.55

Ninety One's Days Payable declined from Sep. 2022 (241.25) to Sep. 2023 (192.62). It may suggest that Ninety One accelerated paying its suppliers.

Ninety One Days Payable Historical Data

The historical data trend for Ninety One'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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Ninety One Days Payable Chart

Ninety One Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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371.91

377.92

527.27

568.78

533.94

Ninety One Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial								235.72	-	241.25	-	192.62

Competitive Comparison of Ninety One's Days Payable

For the Asset Management subindustry, Ninety One'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.

Ninety One's Days Payable Distribution in the Asset Management Industry

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

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

Ninety One 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.

Ninety One's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (189.1	+	157.3)	/	2 )	/	118.4	*	365
=	173.2					/	118.4	*	365
=	533.94

Ninety One's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (157.3	+	240.4)	/	2 )	/	188.4	*	365 / 2
=	198.85					/	188.4	*	365 / 2
=	192.62

Ninety One Days Payable Related Terms

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Ninety One (LSE:N91) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ninety One PLC (LSE:N91) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N91:South Africa N91l:UK

Address

55 Gresham Street, London, GBR, EC2V 7EL

Website

https://www.ninetyone.com

Ninety One PLC is engaged in the business of investment management. The company deals in four core asset classes - Equities, Fixed income, Multi-Asset and Alternative Strategies. It provides portfolio management, investment advisory, and other financial services.

Ninety One (LSE:N91) Headlines

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