Constellation Technologies (ASX:CT1) Days Payable : 98.07 (As of Dec. 2023)

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What is Constellation Technologies Days Payable?

Constellation Technologies's average Accounts Payable for the six months ended in Dec. 2023 was A$0.15 Mil. Constellation Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.28 Mil. Hence, Constellation Technologies's Days Payable for the six months ended in Dec. 2023 was 98.07.

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

ASX:CT1' s Days Payable Range Over the Past 10 Years
Min: 40.91 Med: 201.41 Max: 284.87
Current: 114.25

During the past 13 years, Constellation Technologies's highest Days Payable was 284.87. The lowest was 40.91. And the median was 201.41.

ASX:CT1's Days Payable is ranked better than
72.57% of 2530 companies
in the Software industry
Industry Median: 49.765 vs ASX:CT1: 114.25

Constellation Technologies's Days Payable declined from Dec. 2022 (101.75) to Dec. 2023 (98.07). It may suggest that Constellation Technologies accelerated paying its suppliers.

Constellation Technologies Days Payable Historical Data

The historical data trend for Constellation Technologies'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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Constellation Technologies Days Payable Chart

Constellation Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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284.87

281.67

61.81

126.57

40.91

Constellation Technologies 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															141.77	58.29	101.75	86.34	98.07

Competitive Comparison of Constellation Technologies's Days Payable

For the Information Technology Services subindustry, Constellation Technologies'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.

Constellation Technologies's Days Payable Distribution in the Software Industry

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

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

Constellation Technologies 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.

Constellation Technologies'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
=	( (0.075	+	0.04)	/	2 )	/	0.513	*	365
=	0.0575					/	0.513	*	365
=	40.91

Constellation Technologies'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
=	( (0.04	+	0.262)	/	2 )	/	0.281	*	365 / 2
=	0.151					/	0.281	*	365 / 2
=	98.07

Constellation Technologies Days Payable Related Terms

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Constellation Technologies (ASX:CT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Constellation Technologies Ltd (ASX:CT1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

420 Collins Street, Level 7, Melbourne, VIC, AUS, 3000

Website

https://www.ct1limited.com

Constellation Technologies Ltd specializes in Internet of Things (IoT) Product Development, Product Management for industry and government applications. The company offers multiple sensor and software solutions for a diverse array of industry applications with deployments in the USA, China, Australia and the Middle East. Its products under IoT products include Temperature Sensor, Humidity Sensor, Shipment Sensor, RTD (Temperature) Probe Sensor, pH Value Probe, and Gateway and Interface. Its operational management suite is offered stand-alone or bundled with IoT sensors and live streaming video feeds.

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