SSP Group (LSE:SSPG) Days Payable : 74.51 (As of Sep. 2023)

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What is SSP Group Days Payable?

SSP Group's average Accounts Payable for the six months ended in Sep. 2023 was £392 Mil. SSP Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £960 Mil. Hence, SSP Group's Days Payable for the six months ended in Sep. 2023 was 74.51.

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

LSE:SSPG' s Days Payable Range Over the Past 10 Years
Min: 21.79 Med: 29.18 Max: 60.78
Current: 60.78

During the past 13 years, SSP Group's highest Days Payable was 60.78. The lowest was 21.79. And the median was 29.18.

LSE:SSPG's Days Payable is ranked better than
74.41% of 340 companies
in the Restaurants industry
Industry Median: 38.255 vs LSE:SSPG: 60.78

SSP Group's Days Payable increased from Sep. 2022 (73.31) to Sep. 2023 (74.51). It may suggest that SSP Group delayed paying its suppliers.

SSP Group Days Payable Historical Data

The historical data trend for SSP 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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SSP Group Days Payable Chart

SSP Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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29.39

45.93

55.00

25.02

21.79

SSP Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															122.76	114.78	73.31	87.23	74.51

Competitive Comparison of SSP Group's Days Payable

For the Restaurants subindustry, SSP 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.

SSP Group's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, SSP Group's Days Payable distribution charts can be found below:

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

SSP 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.

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

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (93	+	116.5)	/	2 )	/	1755	*	365
=	104.75					/	1755	*	365
=	21.79

SSP Group'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
=	( (667.2	+	116.5)	/	2 )	/	959.8	*	365 / 2
=	391.85					/	959.8	*	365 / 2
=	74.51

SSP Group Days Payable Related Terms

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SSP Group (LSE:SSPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » SSP Group PLC (LSE:SSPG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SSPPF:USA SSPGl:UK

Address

32 Jamestown Road, London, GBR, NW1 7HW

Website

https://www.foodtravelexperts.com

SSP Group PLC operates food and beverage units in travel locations such as airports and railway stations. Units range from coffee shops and sandwich bars to casual and fine-dining restaurants. Its units operate under more than 300 different brand names, including both proprietary brands and franchised brands, such as Starbucks and Burger King. Its segments include the UK, Continental Europe, North America and the APAC and EEME.

SSP Group (LSE:SSPG) Headlines

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