ARB (ASX:ARB) Days Payable : 43.43 (As of Dec. 2023)

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What is ARB Days Payable?

ARB's average Accounts Payable for the six months ended in Dec. 2023 was A$34.5 Mil. ARB's Cost of Goods Sold for the six months ended in Dec. 2023 was A$145.1 Mil. Hence, ARB's Days Payable for the six months ended in Dec. 2023 was 43.43.

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

ASX:ARB' s Days Payable Range Over the Past 10 Years
Min: 10.96 Med: 41.02 Max: 69.01
Current: 53.38

During the past 13 years, ARB's highest Days Payable was 69.01. The lowest was 10.96. And the median was 41.02.

ASX:ARB's Days Payable is ranked worse than
60.59% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.81 vs ASX:ARB: 53.38

ARB's Days Payable increased from Dec. 2022 (41.53) to Dec. 2023 (43.43). It may suggest that ARB delayed paying its suppliers.

ARB Days Payable Historical Data

The historical data trend for ARB'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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ARB Days Payable Chart

ARB Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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38.75

23.67

13.12

12.53

10.96

ARB Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															45.72	44.78	41.53	42.07	43.43

Competitive Comparison of ARB's Days Payable

For the Auto Parts subindustry, ARB'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.

ARB's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ARB's Days Payable distribution charts can be found below:

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

ARB 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.

ARB'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
=	( (10.026	+	8.865)	/	2 )	/	314.57	*	365
=	9.4455					/	314.57	*	365
=	10.96

ARB'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
=	( (8.865	+	60.217)	/	2 )	/	145.132	*	365 / 2
=	34.541					/	145.132	*	365 / 2
=	43.43

ARB Days Payable Related Terms

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ARB (ASX:ARB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ARB Corp Ltd (ASX:ARB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ARBFF:USA

Address

42-44 Garden Street, Kilsyth, Melbourne, VIC, AUS, 3137

Website

https://www.arb.com.au

ARB Corporation designs, manufactures, and distributes four-wheel-drive and light commercial vehicle accessories. The firm has carved a niche with aftermarket accessories including bull bars, suspension systems, differentials, and lighting. ARB operates manufacturing plants in Australia and Thailand; sales and distribution centres across several countries. The Australian division, which generates the vast majority of group earnings, distributes through the ARB store network, ARB stockists, new vehicle dealers, and fleet operators.