K2fly (ASX:K2F) Days Payable : 86.34 (As of Dec. 2023)

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What is K2fly Days Payable?

K2fly's average Accounts Payable for the six months ended in Dec. 2023 was A$1.72 Mil. K2fly's Cost of Goods Sold for the six months ended in Dec. 2023 was A$3.63 Mil. Hence, K2fly's Days Payable for the six months ended in Dec. 2023 was 86.34.

The historical rank and industry rank for K2fly's Days Payable or its related term are showing as below:

ASX:K2F' s Days Payable Range Over the Past 10 Years
Min: 25.07 Med: 44.4 Max: 102.32
Current: 102.32

During the past 13 years, K2fly's highest Days Payable was 102.32. The lowest was 25.07. And the median was 44.40.

ASX:K2F's Days Payable is ranked better than
69.74% of 2531 companies
in the Software industry
Industry Median: 50.13 vs ASX:K2F: 102.32

K2fly's Days Payable increased from Dec. 2022 (81.19) to Dec. 2023 (86.34). It may suggest that K2fly delayed paying its suppliers.

K2fly Days Payable Historical Data

The historical data trend for K2fly'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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K2fly Days Payable Chart

K2fly Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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44.26

48.75

44.40

25.07

25.59

K2fly 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															65.59	57.77	81.19	80.55	86.34

Competitive Comparison of K2fly's Days Payable

For the Software - Application subindustry, K2fly'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.

K2fly's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, K2fly's Days Payable distribution charts can be found below:

* The bar in red indicates where K2fly's Days Payable falls into.

K2fly 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.

K2fly'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
=	( (0.381	+	0.519)	/	2 )	/	6.419	*	365
=	0.45					/	6.419	*	365
=	25.59

K2fly'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
=	( (0.519	+	2.911)	/	2 )	/	3.625	*	365 / 2
=	1.715					/	3.625	*	365 / 2
=	86.34

K2fly Days Payable Related Terms

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K2fly (ASX:K2F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » K2fly Ltd (ASX:K2F) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

502 Hay Street, Level 4, Subiaco, Perth, WA, AUS, 6008

Website

https://www.k2fly.com

K2fly Ltd is a technology provider of enterprise-level Resource Governance solutions to asset intensive and extractive industries. The company's software drives toward a net positive impact in ESG compliance, disclosure and technical assurance, through platform-based SaaS cloud solutions. K2fly's software operationalizes business processes to be compliant with standards, regulations and codes, facilitating robust, auditable disclosures. This software is embedded into some of the world's largest companies.

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