Surface Transforms (LSE:SCE) Days Payable : 419.97 (As of Jun. 2023)

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What is Surface Transforms Days Payable?

Surface Transforms's average Accounts Payable for the six months ended in Jun. 2023 was £3.04 Mil. Surface Transforms's Cost of Goods Sold for the six months ended in Jun. 2023 was £1.32 Mil. Hence, Surface Transforms's Days Payable for the six months ended in Jun. 2023 was 419.97.

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

LSE:SCE' s Days Payable Range Over the Past 10 Years
Min: 149.41 Med: 290.66 Max: 802.6
Current: 485.46

During the past 13 years, Surface Transforms's highest Days Payable was 802.60. The lowest was 149.41. And the median was 290.66.

LSE:SCE's Days Payable is ranked better than
97.78% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs LSE:SCE: 485.46

Surface Transforms's Days Payable increased from Jun. 2022 (328.12) to Jun. 2023 (419.97). It may suggest that Surface Transforms delayed paying its suppliers.

Surface Transforms Days Payable Historical Data

The historical data trend for Surface Transforms'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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Surface Transforms Days Payable Chart

Surface Transforms Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

Dec20

Dec21

Dec22

Days Payable

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506.08

520.48

260.67

434.35

302.17

Surface Transforms Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															332.00	606.48	328.12	488.43	419.97

Competitive Comparison of Surface Transforms's Days Payable

For the Auto Parts subindustry, Surface Transforms'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.

Surface Transforms's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Surface Transforms's Days Payable distribution charts can be found below:

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

Surface Transforms 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.

Surface Transforms'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
=	( (1.345	+	2.031)	/	2 )	/	2.039	*	365
=	1.688					/	2.039	*	365
=	302.17

Surface Transforms'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
=	( (2.031	+	4.058)	/	2 )	/	1.323	*	365 / 2
=	3.0445					/	1.323	*	365 / 2
=	419.97

Surface Transforms Days Payable Related Terms

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Surface Transforms (LSE:SCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Surface Transforms PLC (LSE:SCE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

XE4:Germany

Address

Acornfield Road, Knowsley Industrial Estate, Image Business Park, Liverpool, GBR, L33 7UF

Website

https://www.surfacetransforms.com

Surface Transforms PLC is a company that develops, manufactures, and markets carbon-ceramic products for the brakes market. It also engages in developing new products and applications for carbon fiber-reinforced ceramic friction and non-friction materials. It has operations spread across the United Kingdom, Germany, Sweden the United States of America, the Rest of Europe, and the Rest of the World.

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