Cape Range (ASX:CAG) Days Payable : 585.07 (As of Dec. 2023)

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What is Cape Range Days Payable?

Cape Range's average Accounts Payable for the six months ended in Dec. 2023 was A$0.11 Mil. Cape Range's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.03 Mil. Hence, Cape Range's Days Payable for the six months ended in Dec. 2023 was 585.07.

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

ASX:CAG' s Days Payable Range Over the Past 10 Years
Min: 274.37 Med: 736.76 Max: 3066
Current: 601.57

During the past 7 years, Cape Range's highest Days Payable was 3066.00. The lowest was 274.37. And the median was 736.76.

ASX:CAG's Days Payable is ranked better than
93.32% of 2531 companies
in the Software industry
Industry Median: 50.16 vs ASX:CAG: 601.57

Cape Range's Days Payable declined from Dec. 2022 (707.19) to Dec. 2023 (585.07). It may suggest that Cape Range accelerated paying its suppliers.

Cape Range Days Payable Historical Data

The historical data trend for Cape Range'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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Cape Range Days Payable Chart

Cape Range Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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274.37

3,066.00

1,019.85

582.82

365.00

Cape Range Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								2,372.50	2,437.68	707.19	949.00	585.07

Competitive Comparison of Cape Range's Days Payable

For the Software - Application subindustry, Cape Range'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.

Cape Range's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Cape Range's Days Payable distribution charts can be found below:

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

Cape Range 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.

Cape Range'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
=	( (0.049	+	0.059)	/	2 )	/	0.054	*	365
=	0.054					/	0.054	*	365
=	365.00

Cape Range'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
=	( (0.159	+	0.059)	/	2 )	/	0.034	*	365 / 2
=	0.109					/	0.034	*	365 / 2
=	585.07

Cape Range Days Payable Related Terms

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

Cape Range (ASX:CAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cape Range Ltd (ASX:CAG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

36 Prestwick Drive, Twin Waters, Maroochydore, QLD, AUS, 4564

Website

https://www.caperange.com.au

Cape Range Ltd is engaged in providing accounting and business intelligence software solutions. Its software solutions cater mainly to small and medium enterprises. It derives revenue from Sales of packaged accounting and business management software, including the warehouse management system. Geographically solutions are offered in Australia and Malaysia.