HighCom (ASX:HCL) Days Payable : 257.71 (As of Dec. 2023)

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What is HighCom Days Payable?

HighCom's average Accounts Payable for the six months ended in Dec. 2023 was A$16.56 Mil. HighCom's Cost of Goods Sold for the six months ended in Dec. 2023 was A$11.73 Mil. Hence, HighCom's Days Payable for the six months ended in Dec. 2023 was 257.71.

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

ASX:HCL' s Days Payable Range Over the Past 10 Years
Min: 7.38 Med: 87.2 Max: 256.38
Current: 109.03

During the past 13 years, HighCom's highest Days Payable was 256.38. The lowest was 7.38. And the median was 87.20.

ASX:HCL's Days Payable is ranked better than
62.96% of 297 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs ASX:HCL: 109.03

HighCom's Days Payable increased from Dec. 2022 (166.66) to Dec. 2023 (257.71). It may suggest that HighCom delayed paying its suppliers.

HighCom Days Payable Historical Data

The historical data trend for HighCom'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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HighCom Days Payable Chart

HighCom Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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102.28

160.59

174.52

256.38

218.06

HighCom 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															110.37	174.30	166.66	99.32	257.71

Competitive Comparison of HighCom's Days Payable

For the Aerospace & Defense subindustry, HighCom'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.

HighCom's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, HighCom's Days Payable distribution charts can be found below:

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

HighCom 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.

HighCom'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
=	( (37.84	+	28.724)	/	2 )	/	55.709	*	365
=	33.282					/	55.709	*	365
=	218.06

HighCom'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
=	( (28.724	+	4.395)	/	2 )	/	11.727	*	365 / 2
=	16.5595					/	11.727	*	365 / 2
=	257.71

HighCom Days Payable Related Terms

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HighCom (ASX:HCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » HighCom Ltd (ASX:HCL) » Definitions » Days Payable

Comparable Companies

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X9L0:Germany

Address

3 Faulding Street, Symonston, ACT, AUS, 2609

Website

https://www.highcomarmor.com

HighCom Ltd comprises of its two distinct businesses HighCom Armor & HighCom Technology. HighCom Armor designs, manufactures, and supplies global military, law enforcement, and first responder customers with advanced personal protection ballistic products and solutions for Body Armour, Ballistic Helmets, and Composite Armour Panels & Platform Structures. HighCom Technology supplies Australian Defence and Security Agencies with Small Uncrewed Arial Systems (SUAS) and Sensor Payloads, and provides local Program, Project and Engineering Management, Systems Integration, Maintenance, Composite Repairs, and Logistics Support Services.

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