ARB IOT Group (ARB IOT Group) Days Payable : 26.88 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is ARB IOT Group Days Payable?

ARB IOT Group's average Accounts Payable for the six months ended in Dec. 2023 was $1.56 Mil. ARB IOT Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $10.56 Mil. Hence, ARB IOT Group's Days Payable for the six months ended in Dec. 2023 was 26.88.

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

ARBB' s Days Payable Range Over the Past 10 Years
Min: 1.78 Med: 7.54 Max: 50.86
Current: 50.86

During the past 3 years, ARB IOT Group's highest Days Payable was 50.86. The lowest was 1.78. And the median was 7.54.

ARBB's Days Payable is ranked better than
50.36% of 2532 companies
in the Software industry
Industry Median: 50.275 vs ARBB: 50.86

ARB IOT Group's Days Payable declined from Dec. 2022 (38.50) to Dec. 2023 (26.88). It may suggest that ARB IOT Group accelerated paying its suppliers.

ARB IOT Group Days Payable Historical Data

The historical data trend for ARB IOT 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.

* Premium members only.

ARB IOT Group Days Payable Chart

ARB IOT Group Annual Data

Trend

Jun21

Jun22

Jun23

Days Payable

22.82

1.78

7.54

ARB IOT Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			3.42	0.61	38.50	59.68	26.88

Competitive Comparison of ARB IOT Group's Days Payable

For the Information Technology Services subindustry, ARB IOT 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.

ARB IOT Group's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, ARB IOT Group's Days Payable distribution charts can be found below:

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

ARB IOT 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.

ARB IOT 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
=	( (0.159	+	1.556)	/	2 )	/	41.513	*	365
=	0.8575					/	41.513	*	365
=	7.54

ARB IOT 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
=	( (1.556	+	0)	/	1 )	/	10.563	*	365 / 2
=	1.556					/	10.563	*	365 / 2
=	26.88

ARB IOT Group Days Payable Related Terms

Thank you for viewing the detailed overview of ARB IOT Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

ARB IOT Group (ARB IOT Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ARB IOT Group Ltd (NAS:ARBB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Persiaran Puchong Jaya Selatan, 2nd Floor-09, Pusat Perdagangan IOI, Bandar Puchong Jaya, Puchong, SGR, MYS, 47100

Website

https://www.arbiotgroup.com

ARB IOT Group Ltd is engaged in provision of hardware and software of Internet of Things solutions to meet customers' demand in four business lines, which are IoT Smart Home and Buildings, IoT Smart Agriculture, IoT System Development, and IoT Gadget Distribution. The company delivers holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works. The company has two operating segments: Internet of Things ('IoT') and Investment holding and others. It earns its maximum profit from the Internet of Things segment.

ARB IOT Group (ARB IOT Group) Headlines

From GuruFocus

ARB IOT Group Limited Announces Exercise and Closing of Over-Allotment Option in Initial Public Offering

By sperokesalga sperokesalga • 04-25-2023