Accordant Group (NZSE:AGL) Days Payable : 2,354.58 (As of Sep. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Accordant Group Days Payable?

Accordant Group's average Accounts Payable for the six months ended in Sep. 2023 was NZ$14.5 Mil. Accordant Group's Cost of Goods Sold for the six months ended in Sep. 2023 was NZ$1.1 Mil. Hence, Accordant Group's Days Payable for the six months ended in Sep. 2023 was 2,354.58.

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

NZSE:AGL' s Days Payable Range Over the Past 10 Years
Min: 135.88 Med: 1010.46 Max: 2847.87
Current: 2847.87

During the past 13 years, Accordant Group's highest Days Payable was 2847.87. The lowest was 135.88. And the median was 1010.46.

NZSE:AGL's Days Payable is ranked better than
98.7% of 924 companies
in the Business Services industry
Industry Median: 47.84 vs NZSE:AGL: 2847.87

Accordant Group's Days Payable declined from Sep. 2022 (2,912.20) to Sep. 2023 (2,354.58). It may suggest that Accordant Group accelerated paying its suppliers.

Accordant Group Days Payable Historical Data

The historical data trend for Accordant 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.

* Premium members only.

Accordant Group Days Payable Chart

Accordant Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

933.01

1,133.32

1,087.90

1,190.24

1,408.66

Accordant Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															2,109.93	2,549.95	2,912.20	2,589.15	2,354.58

Competitive Comparison of Accordant Group's Days Payable

For the Staffing & Employment Services subindustry, Accordant 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.

Accordant Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Accordant Group's Days Payable distribution charts can be found below:

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

Accordant 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.

Accordant Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (8.442	+	8.431)	/	2 )	/	2.186	*	365
=	8.4365					/	2.186	*	365
=	1,408.66

Accordant Group'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
=	( (8.431	+	20.469)	/	2 )	/	1.12	*	365 / 2
=	14.45					/	1.12	*	365 / 2
=	2,354.58

Accordant Group Days Payable Related Terms

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

Accordant Group (NZSE:AGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Accordant Group Ltd (NZSE:AGL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Shortland Street, Level 6, P.O. Box 105675, Auckland, NTL, NZL, 1010

Website

https://www.accordant.nz

Accordant Group Ltd is a recruitment and staffing provider company. The group has two reportable segments: AWF and Madison, Absolute IT, and JacksonStone & Partners. The AWF brands derive their revenues from temporary staffing services to the industry. The Madison, Absolute IT, and JacksonStone & Partners brands, which is the key revenue driver, derive revenues from the temporary, contract, and permanent staff services to commerce.