Globavend Holdings (Globavend Holdings) Days Payable : 49.36 (As of Sep. 2023)

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What is Globavend Holdings Days Payable?

Globavend Holdings's average Accounts Payable for the six months ended in Sep. 2023 was $2.16 Mil. Globavend Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $8.00 Mil. Hence, Globavend Holdings's Days Payable for the six months ended in Sep. 2023 was 49.36.

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

GVH' s Days Payable Range Over the Past 10 Years
Min: 18.38 Med: 28.73 Max: 42.8
Current: 41.11

During the past 3 years, Globavend Holdings's highest Days Payable was 42.80. The lowest was 18.38. And the median was 28.73.

GVH's Days Payable is ranked better than
53% of 932 companies
in the Transportation industry
Industry Median: 38.89 vs GVH: 41.11

Globavend Holdings's Days Payable increased from Sep. 2022 (25.20) to Sep. 2023 (49.36). It may suggest that Globavend Holdings delayed paying its suppliers.

Globavend Holdings Days Payable Historical Data

The historical data trend for Globavend Holdings'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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Globavend Holdings Days Payable Chart

Globavend Holdings Annual Data

Trend

Sep21

Sep22

Sep23

Days Payable

28.73

18.38

42.80

Globavend Holdings Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	-	13.44	25.20	31.89	49.36

Competitive Comparison of Globavend Holdings's Days Payable

For the Integrated Freight & Logistics subindustry, Globavend Holdings'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.

Globavend Holdings's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Globavend Holdings's Days Payable distribution charts can be found below:

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

Globavend Holdings 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.

Globavend Holdings's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (1.311	+	2.601)	/	2 )	/	16.681	*	365
=	1.956					/	16.681	*	365
=	42.80

Globavend Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.724	+	2.601)	/	2 )	/	7.996	*	365 / 2
=	2.1625					/	7.996	*	365 / 2
=	49.36

Globavend Holdings Days Payable Related Terms

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Globavend Holdings (Globavend Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globavend Holdings Ltd (NAS:GVH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office 1401, Level 14, 197, St Georges Tce, Perth, WA, AUS, 6000

Website

https://www.globavend.com

Globavend Holdings Ltd is a e-commerce logistics provider it provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where they provide customers with a one-stop solution from parcel consolidation to air freight forwarding, customs clearance, on-carriage parcel transportation and delivery. It operates in logistics and freight forwarding industry, which involves the provision of services such as freight transport, freight forwarding, warehouse management, and distribution.

Globavend Holdings (Globavend Holdings) Headlines

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