Zoom2u Technologies (ASX:Z2U) Days Payable : 577.04 (As of Dec. 2023)

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What is Zoom2u Technologies Days Payable?

Zoom2u Technologies's average Accounts Payable for the six months ended in Dec. 2023 was A$0.65 Mil. Zoom2u Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.21 Mil. Hence, Zoom2u Technologies's Days Payable for the six months ended in Dec. 2023 was 577.04.

The historical rank and industry rank for Zoom2u Technologies's Days Payable or its related term are showing as below:

ASX:Z2U' s Days Payable Range Over the Past 10 Years
Min: 495.59 Med: 990.7 Max: 1485.81
Current: 722.22

During the past 2 years, Zoom2u Technologies's highest Days Payable was 1485.81. The lowest was 495.59. And the median was 990.70.

ASX:Z2U's Days Payable is ranked better than
94.11% of 2531 companies
in the Software industry
Industry Median: 50.13 vs ASX:Z2U: 722.22

Zoom2u Technologies's Days Payable declined from Dec. 2022 (754.89) to Dec. 2023 (577.04). It may suggest that Zoom2u Technologies accelerated paying its suppliers.

Zoom2u Technologies Days Payable Historical Data

The historical data trend for Zoom2u Technologies'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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Zoom2u Technologies Days Payable Chart

Zoom2u Technologies Annual Data

Trend

Jun22

Jun23

Days Payable

1,485.81

495.59

Zoom2u Technologies Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			2,426.68	1,309.06	754.89	692.23	577.04

Competitive Comparison of Zoom2u Technologies's Days Payable

For the Software - Application subindustry, Zoom2u Technologies'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.

Zoom2u Technologies's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Zoom2u Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Zoom2u Technologies's Days Payable falls into.

Zoom2u Technologies 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.

Zoom2u Technologies'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
=	( (0.806	+	0.435)	/	2 )	/	0.457	*	365
=	0.6205					/	0.457	*	365
=	495.59

Zoom2u Technologies'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
=	( (0.435	+	0.874)	/	2 )	/	0.207	*	365 / 2
=	0.6545					/	0.207	*	365 / 2
=	577.04

Zoom2u Technologies Days Payable Related Terms

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Zoom2u Technologies (ASX:Z2U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zoom2u Technologies Ltd (ASX:Z2U) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Miller Street, Level 4, Suite 4.11, Pyrmont, Sydney, NSW, AUS, 2009

Website

https://www.zoom2u.com.au

Zoom2u Technologies Ltd is a holding company and has four wholly owned subsidiaries namely Zoom2u, Locate2u, Locate IP and 2u Enterprises. Zoom2u operates the platform and the marketplace; Locate2u offers clients a Software as a service product for delivery and services businesses to manage bookings, optimize routes, track their team (GPS Tracking) and share their live locations with their customers; Locate IP employs software developers, and 2u Enterprises operates Shred2u and markets ad hoc ecommerce web development services and bespoke distribution operations.

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