Carbonxt Group (ASX:CG1) Days Payable : 79.28 (As of Dec. 2023)

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What is Carbonxt Group Days Payable?

Carbonxt Group's average Accounts Payable for the six months ended in Dec. 2023 was A$2.06 Mil. Carbonxt Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.74 Mil. Hence, Carbonxt Group's Days Payable for the six months ended in Dec. 2023 was 79.28.

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

ASX:CG1' s Days Payable Range Over the Past 10 Years
Min: 45.84 Med: 64.86 Max: 91.7
Current: 79.31

During the past 6 years, Carbonxt Group's highest Days Payable was 91.70. The lowest was 45.84. And the median was 64.86.

ASX:CG1's Days Payable is ranked better than
65.62% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs ASX:CG1: 79.31

Carbonxt Group's Days Payable increased from Dec. 2022 (59.78) to Dec. 2023 (79.28). It may suggest that Carbonxt Group delayed paying its suppliers.

Carbonxt Group Days Payable Historical Data

The historical data trend for Carbonxt 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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Carbonxt Group Days Payable Chart

Carbonxt Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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45.84

91.70

83.54

59.14

70.57

Carbonxt Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								54.86	70.40	59.78	77.60	79.28

Competitive Comparison of Carbonxt Group's Days Payable

For the Specialty Chemicals subindustry, Carbonxt 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.

Carbonxt Group's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Carbonxt Group's Days Payable distribution charts can be found below:

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

Carbonxt 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.

Carbonxt 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
=	( (2.288	+	1.92)	/	2 )	/	10.883	*	365
=	2.104					/	10.883	*	365
=	70.57

Carbonxt 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
=	( (1.92	+	2.2)	/	2 )	/	4.742	*	365 / 2
=	2.06					/	4.742	*	365 / 2
=	79.28

Carbonxt Group Days Payable Related Terms

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Carbonxt Group (ASX:CG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Carbonxt Group Ltd (ASX:CG1) » Definitions » Days Payable

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Traded in Other Exchanges

CKV:Germany

Address

3951 NW 48th Terrace, Suite 111, Gainesville, FL, USA, 32606

Website

https://www.carbonxt.com

Carbonxt Group Ltd is an Australian company engaged in the development and sale of specialized Activated Carbon (AC) products, including Powdered Activated Carbon (PAC) and AC pellets for the removal of pollutants and toxins in industrial processes. Geographically, it derives a majority of revenue from the United States of America. The company product comprises coal-fired power plants, cement plants, waste to energy, potable water and other applications.

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