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Fitell (Fitell) Days Payable : 160.19 (As of Dec. 2023)


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What is Fitell Days Payable?

Fitell's average Accounts Payable for the six months ended in Dec. 2023 was $1.12 Mil. Fitell's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.28 Mil. Hence, Fitell's Days Payable for the six months ended in Dec. 2023 was 160.19.

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

FTEL' s Days Payable Range Over the Past 10 Years
Min: 73.04   Med: 87.42   Max: 157.72
Current: 157.72

During the past 3 years, Fitell's highest Days Payable was 157.72. The lowest was 73.04. And the median was 87.42.

FTEL's Days Payable is ranked better than
87.62% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs FTEL: 157.72

Fitell's Days Payable increased from Dec. 2022 (107.93) to Dec. 2023 (160.19). It may suggest that Fitell delayed paying its suppliers.

Fitell Days Payable Historical Data

The historical data trend for Fitell'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.

Fitell Days Payable Chart

Fitell Annual Data
Trend Jun21 Jun22 Jun23
Days Payable
87.42 73.04 137.19

Fitell Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial 70.69 76.20 107.93 164.00 160.19

Competitive Comparison of Fitell's Days Payable

For the Specialty Retail subindustry, Fitell'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.

Fitell's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fitell's Days Payable distribution charts can be found below:

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


Fitell 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.

Fitell'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
=( (0.805 + 1.169) / 2 ) / 2.626*365
=0.987 / 2.626*365
=137.19

Fitell'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
=( (1.169 + 1.071) / 2 ) / 1.276*365 / 2
=1.12 / 1.276*365 / 2
=160.19

* 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.

Fitell Days Payable Related Terms

Thank you for viewing the detailed overview of Fitell's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Fitell (Fitell) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fitell Corp (NAS:FTEL) » Definitions » Days Payable
Comparable Companies
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Traded in Other Exchanges
N/A
Address
23-25 Mangrove Lane, Taren Point, NSW, AUS, 2229
Website
https://www.gymdirect.com.au
Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains.