Namoi Cotton (ASX:NAM) Days Payable : 85.21 (As of Feb. 2024)

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What is Namoi Cotton Days Payable?

Namoi Cotton's average Accounts Payable for the six months ended in Feb. 2024 was A$15.8 Mil. Namoi Cotton's Cost of Goods Sold for the six months ended in Feb. 2024 was A$33.9 Mil. Hence, Namoi Cotton's Days Payable for the six months ended in Feb. 2024 was 85.21.

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

ASX:NAM' s Days Payable Range Over the Past 10 Years
Min: 6.32 Med: 8.74 Max: 39.21
Current: 39.21

During the past 13 years, Namoi Cotton's highest Days Payable was 39.21. The lowest was 6.32. And the median was 8.74.

ASX:NAM's Days Payable is ranked worse than
59.14% of 1784 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs ASX:NAM: 39.21

Namoi Cotton's Days Payable increased from Feb. 2023 (27.86) to Feb. 2024 (85.21). It may suggest that Namoi Cotton delayed paying its suppliers.

Namoi Cotton Days Payable Historical Data

The historical data trend for Namoi Cotton'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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Namoi Cotton Days Payable Chart

Namoi Cotton Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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22.60

26.18

Namoi Cotton Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial															-	-	27.86	32.93	85.21

Competitive Comparison of Namoi Cotton's Days Payable

For the Farm Products subindustry, Namoi Cotton'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.

Namoi Cotton's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Namoi Cotton's Days Payable distribution charts can be found below:

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

Namoi Cotton 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.

Namoi Cotton's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (12.974	+	6.875)	/	2 )	/	138.351	*	365
=	9.9245					/	138.351	*	365
=	26.18

Namoi Cotton's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (24.733	+	6.875)	/	2 )	/	33.85	*	365 / 2
=	15.804					/	33.85	*	365 / 2
=	85.21

Namoi Cotton Days Payable Related Terms

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Namoi Cotton (ASX:NAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Namoi Cotton Ltd (ASX:NAM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

259 Ruthven Street, Toowoomba, QLD, AUS, 4350

Website

https://www.namoicotton.com.au

Namoi Cotton Ltd is engaged in the processing of cotton. The company is involved in the provision of cotton ginning services to cotton farmers, the marketing of cotton seed and by-products of the ginning process and, participation in the marketing of cotton lint bales. Its operating divisions are Ginning Services and Supply Chain & Marketing. The firm generates a majority of its revenue from the Ginning services.

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