ReadyTech Holdings (ASX:RDY) Days Payable : 221.63 (As of Dec. 2023)

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What is ReadyTech Holdings Days Payable?

ReadyTech Holdings's average Accounts Payable for the six months ended in Dec. 2023 was A$5.7 Mil. ReadyTech Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.7 Mil. Hence, ReadyTech Holdings's Days Payable for the six months ended in Dec. 2023 was 221.63.

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

ASX:RDY' s Days Payable Range Over the Past 10 Years
Min: 63.77 Med: 117.24 Max: 258.72
Current: 258.72

During the past 5 years, ReadyTech Holdings's highest Days Payable was 258.72. The lowest was 63.77. And the median was 117.24.

ASX:RDY's Days Payable is ranked better than
86.54% of 2526 companies
in the Software industry
Industry Median: 50.42 vs ASX:RDY: 258.72

ReadyTech Holdings's Days Payable declined from Dec. 2022 (239.98) to Dec. 2023 (221.63). It may suggest that ReadyTech Holdings accelerated paying its suppliers.

ReadyTech Holdings Days Payable Historical Data

The historical data trend for ReadyTech Holdings'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.

* Premium members only.

ReadyTech Holdings Days Payable Chart

ReadyTech Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

150.02

63.77

98.79

133.65

117.24

ReadyTech Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						272.05	267.09	239.98	237.28	221.63

Competitive Comparison of ReadyTech Holdings's Days Payable

For the Software - Application subindustry, ReadyTech Holdings'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.

ReadyTech Holdings's Days Payable Distribution in the Software Industry

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

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

ReadyTech Holdings 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.

ReadyTech Holdings'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
=	( (1.736	+	3.56)	/	2 )	/	8.244	*	365
=	2.648					/	8.244	*	365
=	117.24

ReadyTech Holdings'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
=	( (3.56	+	7.933)	/	2 )	/	4.732	*	365 / 2
=	5.7465					/	4.732	*	365 / 2
=	221.63

ReadyTech Holdings Days Payable Related Terms

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ReadyTech Holdings (ASX:RDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadyTech Holdings Ltd (ASX:RDY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.readytech.com.au

ReadyTech Holdings Ltd is a provider of people management software for educators, employers, and facilitators of career transitions. Its products are JR Plus, A2E, HR3, ePayroll, JR Gov, Aussiepay, and others. The company's operating segments include Education and Work pathways, Workforce Solutions, and Government and Justice. It generates maximum revenue from the Education segment. The education segment mainly provides products and services to tertiary education providers. Its Workforce segment provides products and services to a mid-sized company across various industries. The Government division provides government and justice case management software as a service solution to local governments, state governments and justice departments.