Able Global Bhd (XKLS:7167) Days Payable : 32.96 (As of Dec. 2023)

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What is Able Global Bhd Days Payable?

Able Global Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM35.1 Mil. Able Global Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM97.3 Mil. Hence, Able Global Bhd's Days Payable for the three months ended in Dec. 2023 was 32.96.

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

XKLS:7167' s Days Payable Range Over the Past 10 Years
Min: 24.76 Med: 34.26 Max: 54.52
Current: 26.26

During the past 13 years, Able Global Bhd's highest Days Payable was 54.52. The lowest was 24.76. And the median was 34.26.

XKLS:7167's Days Payable is ranked worse than
77.16% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 45.64 vs XKLS:7167: 26.26

Able Global Bhd's Days Payable declined from Dec. 2022 (52.18) to Dec. 2023 (32.96). It may suggest that Able Global Bhd accelerated paying its suppliers.

Able Global Bhd Days Payable Historical Data

The historical data trend for Able Global Bhd'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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Able Global Bhd Days Payable Chart

Able Global Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.58

34.21

34.31

29.77

24.76

Able Global Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															52.18	22.32	25.87	26.85	32.96

Competitive Comparison of Able Global Bhd's Days Payable

For the Packaged Foods subindustry, Able Global Bhd'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.

Able Global Bhd's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Able Global Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Able Global Bhd's Days Payable falls into.

Able Global Bhd 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.

Able Global Bhd's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (34.112	+	33.791)	/	2 )	/	500.513	*	365
=	33.9515					/	500.513	*	365
=	24.76

Able Global Bhd'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (36.477	+	33.791)	/	2 )	/	97.279	*	365 / 4
=	35.134					/	97.279	*	365 / 4
=	32.96

Able Global Bhd Days Payable Related Terms

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Able Global Bhd (XKLS:7167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Able Global Bhd (XKLS:7167) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

PTD 124298, Jalan Kempas Lama, Kampung Seelong Jaya, Skudai, MYS, 81300

Website

https://www.ableglobalbhd.com.my

Able Global Bhd formerly Johore Tin Bhd is principally engaged in the business of investment holding and the provision of management services. The group is organized into the three main reportable segments: Investment Holding; Tin Manufacturing; and Food and Beverage. Its Investment Holding is involved in the business of investment holding and provision of management services. Tin Manufacturing is involved in the manufacturing of various tins, cans, and other containers. Food and Beverage are involved in manufacturing and selling of milk and other related dairy products. It generates maximum revenue from Food and Beverage segment. Geographically, it derives majority revenue from Malaysia and also has a presence in Africa, Central America, Europe, Malaysia, and Other Countries.

Able Global Bhd (XKLS:7167) Headlines

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