Tribal Group (LSE:TRB) Days Payable : 13.09 (As of Dec. 2023)

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What is Tribal Group Days Payable?

Tribal Group's average Accounts Payable for the six months ended in Dec. 2023 was £1.64 Mil. Tribal Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £22.90 Mil. Hence, Tribal Group's Days Payable for the six months ended in Dec. 2023 was 13.09.

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

LSE:TRB' s Days Payable Range Over the Past 10 Years
Min: 4.76 Med: 10.04 Max: 14.23
Current: 11.98

During the past 13 years, Tribal Group's highest Days Payable was 14.23. The lowest was 4.76. And the median was 10.04.

LSE:TRB's Days Payable is ranked worse than
89.39% of 2536 companies
in the Software industry
Industry Median: 50.1 vs LSE:TRB: 11.98

Tribal Group's Days Payable increased from Dec. 2022 (8.71) to Dec. 2023 (13.09). It may suggest that Tribal Group delayed paying its suppliers.

Tribal Group Days Payable Historical Data

The historical data trend for Tribal 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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Tribal Group Days Payable Chart

Tribal Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.57

9.00

12.08

9.51

9.59

Tribal 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															10.72	14.08	8.71	13.26	13.09

Competitive Comparison of Tribal Group's Days Payable

For the Software - Application subindustry, Tribal 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.

Tribal Group's Days Payable Distribution in the Software Industry

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

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

Tribal 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.

Tribal 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
=	( (1.01	+	1.283)	/	2 )	/	43.628	*	365
=	1.1465					/	43.628	*	365
=	9.59

Tribal 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
=	( (2.003	+	1.283)	/	2 )	/	22.901	*	365 / 2
=	1.643					/	22.901	*	365 / 2
=	13.09

Tribal Group Days Payable Related Terms

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Tribal Group (LSE:TRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tribal Group PLC (LSE:TRB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRB.GB:UK

Address

One Queen Street, Kings Orchard, Bristol, GBR, BS2 0HQ

Website

https://www.tribalgroup.com

Tribal Group PLC is a provider of education software and services for international education, learning and training markets. It has two business segments. Student Information Systems segment represents the delivery of software and subsequent maintenance and support services and the activities through which it deploys and configures software for its customers. Education Services (ES) segment represents inspection and review services which support the assessment of educational delivery, and a portfolio of performance improvement tools and services, including analytics, software solutions, facilities, and asset management. The company generates maximum revenue from the SIS segment. Geographically, it operates in the UK, Australia, other Asia Pacific, North America and the rest of the world.

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