Visionflex Group (ASX:VFX) Days Payable : 189.34 (As of Dec. 2023)

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What is Visionflex Group Days Payable?

Visionflex Group's average Accounts Payable for the six months ended in Dec. 2023 was A$1.40 Mil. Visionflex Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1.35 Mil. Hence, Visionflex Group's Days Payable for the six months ended in Dec. 2023 was 189.34.

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

ASX:VFX' s Days Payable Range Over the Past 10 Years
Min: 405.32 Med: 424.97 Max: 424.97
Current: 405.32

During the past 9 years, Visionflex Group's highest Days Payable was 424.97. The lowest was 405.32. And the median was 424.97.

ASX:VFX's Days Payable is ranked better than
90.15% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 62.09 vs ASX:VFX: 405.32

Visionflex Group's Days Payable declined from Dec. 2022 (866.61) to Dec. 2023 (189.34). It may suggest that Visionflex Group accelerated paying its suppliers.

Visionflex Group Days Payable Historical Data

The historical data trend for Visionflex 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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Visionflex Group Days Payable Chart

Visionflex Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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424.97

Visionflex Group Semi-Annual Data
	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													-	-	866.61	764.22	189.34

Competitive Comparison of Visionflex Group's Days Payable

For the Health Information Services subindustry, Visionflex 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.

Visionflex Group's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Visionflex Group's Days Payable distribution charts can be found below:

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

Visionflex 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.

Visionflex 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
=	( (1.423	+	1.05)	/	2 )	/	1.062	*	365
=	1.2365					/	1.062	*	365
=	424.97

Visionflex 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
=	( (1.05	+	1.747)	/	2 )	/	1.348	*	365 / 2
=	1.3985					/	1.348	*	365 / 2
=	189.34

Visionflex Group Days Payable Related Terms

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Visionflex Group (ASX:VFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Visionflex Group Ltd (ASX:VFX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 1/8 Prosperity Parade, Warriewood, Sydney, NSW, AUS, 2102

Website

https://www.visionflex.com

Visionflex Group Ltd Formerly 1st Group Ltd is an online health portal group. The company is engaged in the provision of health care and corporate online search and appointment booking services. The firm derives revenue from Subscription fees, Usage fees, Advertising, and Setup and customization out of which Subscription fees account for the majority of its revenue. The group has acquired multiple companies to run the business smoothly. The group has two operating segments, being 1st Group and Visionflex which are both located in Australia. The company generates the majority of its revenue from 1st Group segment, which is engaged in the provision of healthcare and corporate online search and appointment booking services.

Visionflex Group (ASX:VFX) Headlines

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