InvoCare (ASX:IVC) Days Payable : 167.88 (As of Jun. 2023)

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What is InvoCare Days Payable?

InvoCare's average Accounts Payable for the six months ended in Jun. 2023 was A$64.3 Mil. InvoCare's Cost of Goods Sold for the six months ended in Jun. 2023 was A$69.9 Mil. Hence, InvoCare's Days Payable for the six months ended in Jun. 2023 was 167.88.

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

ASX:IVC' s Days Payable Range Over the Past 10 Years
Min: 67.5 Med: 119.09 Max: 183.87
Current: 154.11

During the past 13 years, InvoCare's highest Days Payable was 183.87. The lowest was 67.50. And the median was 119.09.

ASX:IVC's Days Payable is not ranked
in the Personal Services industry.
Industry Median: 29.355 vs ASX:IVC: 154.11

InvoCare's Days Payable increased from Jun. 2022 (166.22) to Jun. 2023 (167.88). It may suggest that InvoCare delayed paying its suppliers.

InvoCare Days Payable Historical Data

The historical data trend for InvoCare'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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InvoCare Days Payable Chart

InvoCare Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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128.77

155.81

183.87

183.79

183.48

InvoCare Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															174.75	172.20	166.22	162.64	167.88

Competitive Comparison of InvoCare's Days Payable

For the Personal Services subindustry, InvoCare'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.

InvoCare's Days Payable Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, InvoCare's Days Payable distribution charts can be found below:

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

InvoCare 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.

InvoCare's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (69.226	+	80.528)	/	2 )	/	148.953	*	365
=	74.877					/	148.953	*	365
=	183.48

InvoCare's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (80.528	+	48.159)	/	2 )	/	69.946	*	365 / 2
=	64.3435					/	69.946	*	365 / 2
=	167.88

InvoCare Days Payable Related Terms

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

InvoCare (ASX:IVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » InvoCare Ltd (ASX:IVC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Mount Street, Level 5, North Sydney, NSW, AUS, 2060

Website

https://www.invocare.com.au

InvoCare is the largest funeral, cemetery, and crematorium operator in Australia and New Zealand. We estimate InvoCare enjoys over a third of revenue share in Australia, and around a fifth in New Zealand, and is the number one player in both countries. Australia contributes the vast majority of consolidated earnings. InvoCare owns a portfolio of over 60 brands, including three flagship national Australian brands: White Lady, Simplicity Funerals, and Value Cremations, and owns and operates 290 funeral homes, along with 16 cemeteries and crematoria.

InvoCare (ASX:IVC) Headlines

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