Advancer Global (SGX:43Q) Days Payable : 8.36 (As of Dec. 2023)

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What is Advancer Global Days Payable?

Advancer Global's average Accounts Payable for the six months ended in Dec. 2023 was S$1.22 Mil. Advancer Global's Cost of Goods Sold for the six months ended in Dec. 2023 was S$26.71 Mil. Hence, Advancer Global's Days Payable for the six months ended in Dec. 2023 was 8.36.

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

SGX:43Q' s Days Payable Range Over the Past 10 Years
Min: 8.13 Med: 12.13 Max: 65.55
Current: 8.13

During the past 11 years, Advancer Global's highest Days Payable was 65.55. The lowest was 8.13. And the median was 12.13.

SGX:43Q's Days Payable is ranked worse than
91.65% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs SGX:43Q: 8.13

Advancer Global's Days Payable declined from Dec. 2022 (24.34) to Dec. 2023 (8.36). It may suggest that Advancer Global accelerated paying its suppliers.

Advancer Global Days Payable Historical Data

The historical data trend for Advancer Global'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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Advancer Global Days Payable Chart

Advancer Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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12.78

15.38

11.04

8.25

9.17

Advancer Global Semi-Annual Data
	Dec13	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															31.58	25.38	24.34	6.83	8.36

Competitive Comparison of Advancer Global's Days Payable

For the Staffing & Employment Services subindustry, Advancer Global'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.

Advancer Global's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Advancer Global's Days Payable distribution charts can be found below:

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

Advancer Global 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.

Advancer Global's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1.052	+	1.579)	/	2 )	/	52.367	*	365
=	1.3155					/	52.367	*	365
=	9.17

Advancer Global'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
=	( (0.867	+	1.579)	/	2 )	/	26.712	*	365 / 2
=	1.223					/	26.712	*	365 / 2
=	8.36

Advancer Global Days Payable Related Terms

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Advancer Global (SGX:43Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Advancer Global Ltd (SGX:43Q) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 Jurong Gateway Road, Number 05-317, Singapore, SGP, 600135

Website

https://www.advancer.sg

Advancer Global Ltd is engaged in providing employment services, facilities management services, and security services. The company operates in three business segment that is Employment Services Business, which provide services for the sourcing, employment and training of FDWs to households, Building Management Services, which provides integrated building facility management services including property consultancy, property and facilities management services, property valuation, and Security Services Business, which provide manpower and technology for security solutions and services to, amongst others, commercial, industrial and residential properties. The Building Management Services Segment generates maximum revenue for the company.

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