Cofix Group (XTAE:CFX) Days Payable : 126.06 (As of Mar. 2024)

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What is Cofix Group Days Payable?

Cofix Group's average Accounts Payable for the three months ended in Mar. 2024 was ₪72.9 Mil. Cofix Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ₪52.8 Mil. Hence, Cofix Group's Days Payable for the three months ended in Mar. 2024 was 126.06.

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

XTAE:CFX' s Days Payable Range Over the Past 10 Years
Min: 61.41 Med: 90.58 Max: 124.5
Current: 124.5

During the past 8 years, Cofix Group's highest Days Payable was 124.50. The lowest was 61.41. And the median was 90.58.

XTAE:CFX's Days Payable is ranked better than
91.45% of 339 companies
in the Restaurants industry
Industry Median: 38.23 vs XTAE:CFX: 124.50

Cofix Group's Days Payable increased from Mar. 2023 (119.87) to Mar. 2024 (126.06). It may suggest that Cofix Group delayed paying its suppliers.

Cofix Group Days Payable Historical Data

The historical data trend for Cofix 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.

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Cofix Group Days Payable Chart

Cofix Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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82.01

90.58

107.89

123.27

121.63

Cofix Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															119.87	127.49	127.89	116.18	126.06

Competitive Comparison of Cofix Group's Days Payable

For the Restaurants subindustry, Cofix 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.

Cofix Group's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Cofix Group's Days Payable distribution charts can be found below:

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

Cofix 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.

Cofix Group'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
=	( (76.277	+	71.805)	/	2 )	/	222.186	*	365
=	74.041					/	222.186	*	365
=	121.63

Cofix Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (71.805	+	74.002)	/	2 )	/	52.773	*	365 / 4
=	72.9035					/	52.773	*	365 / 4
=	126.06

Cofix Group Days Payable Related Terms

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Cofix Group (XTAE:CFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cofix Group Ltd (XTAE:CFX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zarchin 10, Ra'anana, ISR, 4366238

Website

http://www.cofix.co.il

Cofix Group Ltd is a Israel based company. It operates and franchises coffee shops, supermarkets, and bars in Israel. It has more than hundred branches.

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