Aspen Group (ASX:APZ) Days Payable : 127.58 (As of Dec. 2023)

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What is Aspen Group Days Payable?

Aspen Group's average Accounts Payable for the six months ended in Dec. 2023 was A$10.00 Mil. Aspen Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$14.31 Mil. Hence, Aspen Group's Days Payable for the six months ended in Dec. 2023 was 127.58.

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

ASX:APZ' s Days Payable Range Over the Past 10 Years
Min: 55.3 Med: 97.77 Max: 306.13
Current: 150.32

During the past 13 years, Aspen Group's highest Days Payable was 306.13. The lowest was 55.30. And the median was 97.77.

ASX:APZ's Days Payable is ranked better than
63.02% of 1574 companies
in the Real Estate industry
Industry Median: 96.755 vs ASX:APZ: 150.32

Aspen Group's Days Payable declined from Dec. 2022 (200.90) to Dec. 2023 (127.58). It may suggest that Aspen Group accelerated paying its suppliers.

Aspen Group Days Payable Historical Data

The historical data trend for Aspen 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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Aspen Group Days Payable Chart

Aspen Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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55.30

162.72

119.77

122.76

102.03

Aspen 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															176.90	160.41	200.90	124.80	127.58

Competitive Comparison of Aspen Group's Days Payable

For the Real Estate - Diversified subindustry, Aspen 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.

Aspen Group's Days Payable Distribution in the Real Estate Industry

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

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

Aspen 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.

Aspen 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
=	( (8.449	+	3.973)	/	2 )	/	22.22	*	365
=	6.211					/	22.22	*	365
=	102.03

Aspen 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
=	( (3.973	+	16.035)	/	2 )	/	14.311	*	365 / 2
=	10.004					/	14.311	*	365 / 2
=	127.58

Aspen Group Days Payable Related Terms

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Aspen Group (ASX:APZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aspen Group Ltd (ASX:APZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AYV1:Germany

Address

285A Crown Street, Suite 21, Surry Hills, Sydney, NSW, AUS, 2010

Website

https://www.aspengroup.com.au

Aspen Group Ltd is an Australia-based company engaged in the business of investment in commercial and non-core development assets. It operates through the segment being investment properties within Australia.

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