Abacus Group (ASX:ABG) Days Payable : 523.80 (As of Dec. 2023)

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What is Abacus Group Days Payable?

Abacus Group's average Accounts Payable for the six months ended in Dec. 2023 was A$65.30 Mil. Abacus Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$22.75 Mil. Hence, Abacus Group's Days Payable for the six months ended in Dec. 2023 was 523.80.

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

ASX:ABG' s Days Payable Range Over the Past 10 Years
Min: 11.71 Med: 471.43 Max: 1870.3
Current: 1870.3

During the past 13 years, Abacus Group's highest Days Payable was 1870.30. The lowest was 11.71. And the median was 471.43.

ASX:ABG's Days Payable is ranked better than
96.94% of 523 companies
in the REITs industry
Industry Median: 126.29 vs ASX:ABG: 1870.30

Abacus Group's Days Payable declined from Dec. 2022 (758.66) to Dec. 2023 (523.80). It may suggest that Abacus Group accelerated paying its suppliers.

Abacus Group Days Payable Historical Data

The historical data trend for Abacus 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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Abacus Group Days Payable Chart

Abacus Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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488.49

427.66

571.22

626.70

804.49

Abacus Group Semi-Annual Data
	Jun14	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															669.56	545.15	758.66	298,483.04	523.80

Competitive Comparison of Abacus Group's Days Payable

For the REIT - Diversified subindustry, Abacus 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.

Abacus Group's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Abacus Group's Days Payable distribution charts can be found below:

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

Abacus 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.

Abacus 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
=	( (127.03	+	57.584)	/	2 )	/	41.88	*	365
=	92.307					/	41.88	*	365
=	804.49

Abacus 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
=	( (57.584	+	73.018)	/	2 )	/	22.752	*	365 / 2
=	65.301					/	22.752	*	365 / 2
=	523.80

Abacus Group Days Payable Related Terms

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Abacus Group (ASX:ABG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Group (ASX:ABG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EZO1:Germany

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusproperty.com.au

Abacus Group is primarily focused on storage and office property, with minor interests in other subsectors such as retail property. Its storage business remains an active acquirer and developer of property. Management separated the storage business in mid-2023. We don't view the separation as creating value in itself, however, we view it as a potential catalyst that could prompt the market to recognize latent value in Abacus' assets. However, it will likely take time for the market to get familiar with the two Abacus vehicles and its new structure.