AVADA Group (ASX:AVD) Days Payable : 160.23 (As of Dec. 2023)

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What is AVADA Group Days Payable?

AVADA Group's average Accounts Payable for the six months ended in Dec. 2023 was A$9.6 Mil. AVADA Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$10.9 Mil. Hence, AVADA Group's Days Payable for the six months ended in Dec. 2023 was 160.23.

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

ASX:AVD' s Days Payable Range Over the Past 10 Years
Min: 65.81 Med: 106.05 Max: 177.91
Current: 177.91

During the past 3 years, AVADA Group's highest Days Payable was 177.91. The lowest was 65.81. And the median was 106.05.

ASX:AVD's Days Payable is ranked better than
80.22% of 1603 companies
in the Construction industry
Industry Median: 75.22 vs ASX:AVD: 177.91

AVADA Group's Days Payable declined from Dec. 2022 (167.61) to Dec. 2023 (160.23). It may suggest that AVADA Group accelerated paying its suppliers.

AVADA Group Days Payable Historical Data

The historical data trend for AVADA 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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AVADA Group Days Payable Chart

AVADA Group Annual Data

Trend

Jun21

Jun22

Jun23

Days Payable

146.28

65.81

AVADA Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	5,937.29	163.74	167.61	140.45	160.23

Competitive Comparison of AVADA Group's Days Payable

For the Infrastructure Operations subindustry, AVADA 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.

AVADA Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, AVADA Group's Days Payable distribution charts can be found below:

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

AVADA 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.

AVADA Group'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
=	( (3.321	+	4.069)	/	2 )	/	20.492	*	365
=	3.695					/	20.492	*	365
=	65.81

AVADA 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
=	( (4.069	+	15.032)	/	2 )	/	10.878	*	365 / 2
=	9.5505					/	10.878	*	365 / 2
=	160.23

AVADA Group Days Payable Related Terms

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AVADA Group (ASX:AVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVADA Group Ltd (ASX:AVD) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

116 Ipswich Road, Suite 1, Level 2, Woolloongabba, QLD, AUS, 4102

Website

https://www.avadagroup.com.au

AVADA Group Ltd is an Australian traffic management operator and ancillary service provider with an established network throughout Queensland and New South Wales. The group has two reportable segments: Queensland Traffic Management and New South Wales Traffic Management. Queensland Traffic Management is the key revenue generator for the group. It provides services to government clients and major contractors in the civil infrastructure and maintenance sector.