Axiom Properties (ASX:AXI) Days Payable : 181.18 (As of Dec. 2023)

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What is Axiom Properties Days Payable?

Axiom Properties's average Accounts Payable for the six months ended in Dec. 2023 was A$0.55 Mil. Axiom Properties's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.55 Mil. Hence, Axiom Properties's Days Payable for the six months ended in Dec. 2023 was 181.18.

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

ASX:AXI' s Days Payable Range Over the Past 10 Years
Min: 19.6 Med: 35.7 Max: 616.63
Current: 518.59

During the past 13 years, Axiom Properties's highest Days Payable was 616.63. The lowest was 19.60. And the median was 35.70.

ASX:AXI's Days Payable is ranked better than
88.25% of 1574 companies
in the Real Estate industry
Industry Median: 96.755 vs ASX:AXI: 518.59

Axiom Properties's Days Payable increased from Dec. 2022 (155.88) to Dec. 2023 (181.18). It may suggest that Axiom Properties delayed paying its suppliers.

Axiom Properties Days Payable Historical Data

The historical data trend for Axiom Properties'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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Axiom Properties Days Payable Chart

Axiom Properties Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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616.63

25.30

19.60

46.10

Axiom Properties 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															29.88	49.32	155.88	881.86	181.18

Competitive Comparison of Axiom Properties's Days Payable

For the Real Estate - Diversified subindustry, Axiom Properties'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.

Axiom Properties's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Axiom Properties's Days Payable falls into.

Axiom Properties 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.

Axiom Properties'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
=	( (0.243	+	0.221)	/	2 )	/	1.837	*	365
=	0.232					/	1.837	*	365
=	46.10

Axiom Properties'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
=	( (0.221	+	0.877)	/	2 )	/	0.553	*	365 / 2
=	0.549					/	0.553	*	365 / 2
=	181.18

Axiom Properties Days Payable Related Terms

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Axiom Properties (ASX:AXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Axiom Properties Ltd (ASX:AXI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Leigh Street, Level 1, Leigh Chambers, Adelaide, SA, AUS, 5000

Website

https://www.axiompl.com.au

Axiom Properties Ltd is engaged in property development and investment business. Its principal objective is to create long term value for shareholders through creating a well-respected property development and investment company that consistently delivers above industry returns on capital. Its segments are Investment Property and Development. Some of its projects include Sixty2Currie, WorldPark 01, Glenlea, and others.

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