Volvere (LSE:VLE) Days Payable : 37.48 (As of Dec. 2023)

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What is Volvere Days Payable?

Volvere's average Accounts Payable for the six months ended in Dec. 2023 was £3.80 Mil. Volvere's Cost of Goods Sold for the six months ended in Dec. 2023 was £18.51 Mil. Hence, Volvere's Days Payable for the six months ended in Dec. 2023 was 37.48.

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

LSE:VLE' s Days Payable Range Over the Past 10 Years
Min: 18.61 Med: 24.7 Max: 49.59
Current: 35.55

During the past 13 years, Volvere's highest Days Payable was 49.59. The lowest was 18.61. And the median was 24.70.

LSE:VLE's Days Payable is ranked worse than
70.97% of 472 companies
in the Asset Management industry
Industry Median: 70.635 vs LSE:VLE: 35.55

Volvere's Days Payable increased from Dec. 2022 (35.66) to Dec. 2023 (37.48). It may suggest that Volvere delayed paying its suppliers.

Volvere Days Payable Historical Data

The historical data trend for Volvere'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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Volvere Days Payable Chart

Volvere Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.25

21.90

24.99

24.40

26.67

Volvere 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															43.20	40.35	35.66	42.81	37.48

Competitive Comparison of Volvere's Days Payable

For the Asset Management subindustry, Volvere'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.

Volvere's Days Payable Distribution in the Asset Management Industry

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

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

Volvere 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.

Volvere'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
=	( (2.638	+	2.483)	/	2 )	/	35.044	*	365
=	2.5605					/	35.044	*	365
=	26.67

Volvere'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
=	( (5.12	+	2.483)	/	2 )	/	18.509	*	365 / 2
=	3.8015					/	18.509	*	365 / 2
=	37.48

Volvere Days Payable Related Terms

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Volvere (LSE:VLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Volvere PLC (LSE:VLE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tachbrook Road, Shire House, Leamington Spa, Warwickshire, GBR, CV31 3SF

Website

https://www.volvere.co.uk

Volvere PLC is a holding company that invests in companies that require growth capital. It identifies and invests in undervalued and distressed businesses and securities as well as complementary businesses to the existing group. Its business is organized into Food Manufacturing and Investing and management services. Food Manufacturing consists of the manufacturing of frozen pies, and other pastry products for retailers and food service customers and the company also provides investment and management services. The company generates its revenue from the UK.

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