Advanced Braking Technology (ASX:ABV) Days Payable : 74.93 (As of Dec. 2023)

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What is Advanced Braking Technology Days Payable?

Advanced Braking Technology's average Accounts Payable for the six months ended in Dec. 2023 was A$1.51 Mil. Advanced Braking Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was A$3.69 Mil. Hence, Advanced Braking Technology's Days Payable for the six months ended in Dec. 2023 was 74.93.

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

ASX:ABV' s Days Payable Range Over the Past 10 Years
Min: 64.97 Med: 87.14 Max: 163.88
Current: 88.57

During the past 13 years, Advanced Braking Technology's highest Days Payable was 163.88. The lowest was 64.97. And the median was 87.14.

ASX:ABV's Days Payable is ranked better than
66.96% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.87 vs ASX:ABV: 88.57

Advanced Braking Technology's Days Payable declined from Dec. 2022 (90.18) to Dec. 2023 (74.93). It may suggest that Advanced Braking Technology accelerated paying its suppliers.

Advanced Braking Technology Days Payable Historical Data

The historical data trend for Advanced Braking Technology'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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Advanced Braking Technology Days Payable Chart

Advanced Braking Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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87.75

75.58

64.97

75.36

84.27

Advanced Braking Technology 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															76.91	79.96	90.18	105.82	74.93

Competitive Comparison of Advanced Braking Technology's Days Payable

For the Auto Parts subindustry, Advanced Braking Technology'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.

Advanced Braking Technology's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Advanced Braking Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Advanced Braking Technology's Days Payable falls into.

Advanced Braking Technology 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.

Advanced Braking Technology's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.448	+	1.83)	/	2 )	/	7.099	*	365
=	1.639					/	7.099	*	365
=	84.27

Advanced Braking Technology'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
=	( (1.83	+	1.196)	/	2 )	/	3.685	*	365 / 2
=	1.513					/	3.685	*	365 / 2
=	74.93

Advanced Braking Technology Days Payable Related Terms

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Advanced Braking Technology (ASX:ABV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Advanced Braking Technology Ltd (ASX:ABV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

73 Inspiration Drive, Wangara, WA, AUS, 6065

Website

https://www.advancedbraking.com

Advanced Braking Technology Ltd is an Australian firm engaged in the commercialisation, research, development, and manufacture of the ABT Failsafe Brakes, ABT Failsafe Emergency Driveline Brakes, Terra Dura Brakes, and associated braking systems. It develops its product portfolio for a diverse range of industries such as mining, defense, civil construction, and waste management industries. Geographically, the company generates a majority of its revenue from Australia and exports overseas.

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