Tanfield Group (LSE:TAN) Days Payable : 73.56 (As of Dec. 2023)

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What is Tanfield Group Days Payable?

Tanfield Group's average Accounts Payable for the six months ended in Dec. 2023 was £0.04 Mil. Tanfield Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £0.10 Mil. Hence, Tanfield Group's Days Payable for the six months ended in Dec. 2023 was 73.56.

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

LSE:TAN' s Days Payable Range Over the Past 10 Years
Min: 21.9 Med: 94.1 Max: 340.93
Current: 62.57

During the past 13 years, Tanfield Group's highest Days Payable was 340.93. The lowest was 21.90. And the median was 94.10.

LSE:TAN's Days Payable is ranked worse than
54.6% of 467 companies
in the Asset Management industry
Industry Median: 73 vs LSE:TAN: 62.57

Tanfield Group's Days Payable increased from Dec. 2022 (73.31) to Dec. 2023 (73.56). It may suggest that Tanfield Group delayed paying its suppliers.

Tanfield Group Days Payable Historical Data

The historical data trend for Tanfield 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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Tanfield Group Days Payable Chart

Tanfield Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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177.43

236.57

148.03

24.60

21.90

Tanfield Group 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															173.14	266.73	73.31	94.81	73.56

Competitive Comparison of Tanfield Group's Days Payable

For the Asset Management subindustry, Tanfield 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.

Tanfield Group's Days Payable Distribution in the Asset Management Industry

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

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

Tanfield 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.

Tanfield Group'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
=	( (0.011	+	0.01)	/	2 )	/	0.175	*	365
=	0.0105					/	0.175	*	365
=	21.90

Tanfield Group'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
=	( (0.069	+	0.01)	/	2 )	/	0.098	*	365 / 2
=	0.0395					/	0.098	*	365 / 2
=	73.56

Tanfield Group Days Payable Related Terms

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Tanfield Group (LSE:TAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tanfield Group PLC (LSE:TAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TAN.GB:UK

Address

c/o Weightmans LLP, 1 St James' Gate, Newcastle upon Tyne, Tyne and Wear, GBR, NE99 1YQ

Website

https://www.tanfieldgroup.com

Tanfield Group PLC is a UK-based investment company. It holds an investment in Smith Electric Vehicles Corp and Snorkel International Holdings LLC. The investment objective of the company is to maximize its capital structure of debt and equity so as to minimize its cost of capital and protect returns to shareholders.