Academies Australasia Group (ASX:AKG) Days Payable : 56.79 (As of Dec. 2023)

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What is Academies Australasia Group Days Payable?

Academies Australasia Group's average Accounts Payable for the six months ended in Dec. 2023 was A$4.00 Mil. Academies Australasia Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$12.85 Mil. Hence, Academies Australasia Group's Days Payable for the six months ended in Dec. 2023 was 56.79.

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

ASX:AKG' s Days Payable Range Over the Past 10 Years
Min: 27.24 Med: 42.49 Max: 102.27
Current: 56.13

During the past 13 years, Academies Australasia Group's highest Days Payable was 102.27. The lowest was 27.24. And the median was 42.49.

ASX:AKG's Days Payable is ranked better than
65.88% of 211 companies
in the Education industry
Industry Median: 37.29 vs ASX:AKG: 56.13

Academies Australasia Group's Days Payable increased from Dec. 2022 (39.77) to Dec. 2023 (56.79). It may suggest that Academies Australasia Group delayed paying its suppliers.

Academies Australasia Group Days Payable Historical Data

The historical data trend for Academies Australasia 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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Academies Australasia Group Days Payable Chart

Academies Australasia Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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42.49

Academies Australasia 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															47.20	-	39.77	58.95	56.79

Competitive Comparison of Academies Australasia Group's Days Payable

For the Education & Training Services subindustry, Academies Australasia 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.

Academies Australasia Group's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Academies Australasia Group's Days Payable distribution charts can be found below:

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

Academies Australasia 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.

Academies Australasia 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
=	( (1.035	+	4.363)	/	2 )	/	23.187	*	365
=	2.699					/	23.187	*	365
=	42.49

Academies Australasia 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
=	( (4.363	+	3.636)	/	2 )	/	12.853	*	365 / 2
=	3.9995					/	12.853	*	365 / 2
=	56.79

Academies Australasia Group Days Payable Related Terms

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Academies Australasia Group (ASX:AKG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Academies Australasia Group Ltd (ASX:AKG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 George Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.academies.edu.au

Academies Australasia Group Ltd is engaged in the provision of training and education services. It offers the English language, Senior High School, Singapore government school preparatory certificate, diploma, advanced diploma, and bachelor and master degree courses. The company has only one operating segment as Education. Its geographical segments are Australia and Singapore. The company generates maximum revenue from Australia.

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