New Zealand Coastal Seafoods (ASX:NZS) Days Payable : 171.43 (As of Jun. 2023)

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What is New Zealand Coastal Seafoods Days Payable?

New Zealand Coastal Seafoods's average Accounts Payable for the six months ended in Jun. 2023 was A$0.57 Mil. New Zealand Coastal Seafoods's Cost of Goods Sold for the six months ended in Jun. 2023 was A$0.61 Mil. Hence, New Zealand Coastal Seafoods's Days Payable for the six months ended in Jun. 2023 was 171.43.

The historical rank and industry rank for New Zealand Coastal Seafoods's Days Payable or its related term are showing as below:

ASX:NZS' s Days Payable Range Over the Past 10 Years
Min: 28.62 Med: 46.04 Max: 92.79
Current: 60.23

During the past 13 years, New Zealand Coastal Seafoods's highest Days Payable was 92.79. The lowest was 28.62. And the median was 46.04.

ASX:NZS's Days Payable is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 46.07 vs ASX:NZS: 60.23

New Zealand Coastal Seafoods's Days Payable increased from Jun. 2022 (37.56) to Jun. 2023 (171.43). It may suggest that New Zealand Coastal Seafoods delayed paying its suppliers.

New Zealand Coastal Seafoods Days Payable Historical Data

The historical data trend for New Zealand Coastal Seafoods'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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New Zealand Coastal Seafoods Days Payable Chart

New Zealand Coastal Seafoods Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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92.79

40.03

28.62

52.05

New Zealand Coastal Seafoods Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															42.17	40.34	37.56	29.87	171.43

Competitive Comparison of New Zealand Coastal Seafoods's Days Payable

For the Packaged Foods subindustry, New Zealand Coastal Seafoods'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.

New Zealand Coastal Seafoods's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, New Zealand Coastal Seafoods's Days Payable distribution charts can be found below:

* The bar in red indicates where New Zealand Coastal Seafoods's Days Payable falls into.

New Zealand Coastal Seafoods 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.

New Zealand Coastal Seafoods'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
=	( (0.095	+	0.62)	/	2 )	/	2.507	*	365
=	0.3575					/	2.507	*	365
=	52.05

New Zealand Coastal Seafoods's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.526	+	0.62)	/	2 )	/	0.61	*	365 / 2
=	0.573					/	0.61	*	365 / 2
=	171.43

New Zealand Coastal Seafoods Days Payable Related Terms

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New Zealand Coastal Seafoods (ASX:NZS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Zealand Coastal Seafoods Ltd (ASX:NZS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Bolt Place, Christchurch, STL, NZL, 8053

Website

https://www.nzcs.co

New Zealand Coastal Seafoods Ltd is a growing processor, distributor, and exporter of nutraceutical, seafood products, and premium marine ingredients for supply, directly and through distributors, to customers, restaurants, seafood traders, supermarkets, and other retailers.

New Zealand Coastal Seafoods (ASX:NZS) Headlines

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