Adrad Holdings (ASX:AHL) Days Payable : 50.92 (As of Dec. 2023)

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What is Adrad Holdings Days Payable?

Adrad Holdings's average Accounts Payable for the six months ended in Dec. 2023 was A$10.3 Mil. Adrad Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$37.0 Mil. Hence, Adrad Holdings's Days Payable for the six months ended in Dec. 2023 was 50.92.

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

ASX:AHL' s Days Payable Range Over the Past 10 Years
Min: 37.11 Med: 53.72 Max: 53.72
Current: 37.11

During the past 1 years, Adrad Holdings's highest Days Payable was 53.72. The lowest was 37.11. And the median was 53.72.

ASX:AHL's Days Payable is ranked worse than
82.84% of 2937 companies
in the Industrial Products industry
Industry Median: 76.66 vs ASX:AHL: 37.11

Adrad Holdings's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (50.92). It may suggest that Adrad Holdings delayed paying its suppliers.

Adrad Holdings Days Payable Historical Data

The historical data trend for Adrad 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.

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Adrad Holdings Days Payable Chart

Adrad Holdings Annual Data

Trend

Jun23

Days Payable

53.72

Adrad Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Days Payable	-	-	29.07	50.92

Competitive Comparison of Adrad Holdings's Days Payable

For the Specialty Industrial Machinery subindustry, Adrad 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.

Adrad Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Adrad Holdings's Days Payable distribution charts can be found below:

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

Adrad 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.

Adrad 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: . 20 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (	+	10.323)	/	1 )	/	70.144	*	365
=	10.323					/	70.144	*	365
=	53.72

Adrad 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
=	( (10.323	+	10.343)	/	2 )	/	37.035	*	365 / 2
=	10.333					/	37.035	*	365 / 2
=	50.92

Adrad Holdings Days Payable Related Terms

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Adrad Holdings (ASX:AHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Adrad Holdings Ltd (ASX:AHL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Howards Road, Beverley, SA, AUS, 5009

Website

https://www.adradholdings.com.au

Adrad Holdings Ltd designs and manufactures a wide variety of original equipment and aftermarket heat exchange products for both mobile and stationary applications. The company operates in two segments which include Heat Transfer Solutions, and Automotive Aftermarket. Heat Transfer Solutions designs and manufactures industrial cooling solutions for use in road transport and heavy vehicles, mining, power generation, data centers, and rail industries. Automotive Aftermarket manufactures, imports, and distributes radiators, mobile and stationary heat exchange products, and a variety of automotive parts for the Australian and New Zealand automotive and industrial markets.