Probiotec (ASX:PBP) Days Payable : 61.32 (As of Dec. 2023)

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What is Probiotec Days Payable?

Probiotec's average Accounts Payable for the six months ended in Dec. 2023 was A$26.9 Mil. Probiotec's Cost of Goods Sold for the six months ended in Dec. 2023 was A$80.2 Mil. Hence, Probiotec's Days Payable for the six months ended in Dec. 2023 was 61.32.

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

ASX:PBP' s Days Payable Range Over the Past 10 Years
Min: 49.24 Med: 68.85 Max: 86.97
Current: 65.3

During the past 13 years, Probiotec's highest Days Payable was 86.97. The lowest was 49.24. And the median was 68.85.

ASX:PBP's Days Payable is ranked worse than
63.14% of 974 companies
in the Drug Manufacturers industry
Industry Median: 89.345 vs ASX:PBP: 65.30

Probiotec's Days Payable increased from Dec. 2022 (60.72) to Dec. 2023 (61.32). It may suggest that Probiotec delayed paying its suppliers.

Probiotec Days Payable Historical Data

The historical data trend for Probiotec'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.

* Premium members only.

Probiotec Days Payable Chart

Probiotec Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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69.52

57.33

61.39

49.24

53.32

Probiotec 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															41.16	56.35	60.72	64.03	61.32

Competitive Comparison of Probiotec's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Probiotec'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.

Probiotec's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Probiotec's Days Payable distribution charts can be found below:

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

Probiotec 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.

Probiotec'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
=	( (20.547	+	23.184)	/	2 )	/	149.692	*	365
=	21.8655					/	149.692	*	365
=	53.32

Probiotec'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
=	( (23.184	+	30.694)	/	2 )	/	80.174	*	365 / 2
=	26.939					/	80.174	*	365 / 2
=	61.32

Probiotec Days Payable Related Terms

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Probiotec (ASX:PBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Probiotec Ltd (ASX:PBP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

83 Cherry Lane, Laverton North, Melbourne, VIC, AUS, 3026

Website

https://probiotec.com.au

Probiotec Ltd is engaged in e the development, manufacture, packing and sale of pharmaceuticals, consumer health and fast moving consumer products in Australian and international markets. It operates through the contract manufacturing segment. It is engaged in contract manufacturing and contract packaging.