GLG (ASX:GLE) Days Payable : 28.64 (As of Dec. 2023)

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What is GLG Days Payable?

GLG's average Accounts Payable for the six months ended in Dec. 2023 was A$13.6 Mil. GLG's Cost of Goods Sold for the six months ended in Dec. 2023 was A$86.4 Mil. Hence, GLG's Days Payable for the six months ended in Dec. 2023 was 28.64.

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

ASX:GLE' s Days Payable Range Over the Past 10 Years
Min: 0.8 Med: 25.24 Max: 41
Current: 41

During the past 13 years, GLG's highest Days Payable was 41.00. The lowest was 0.80. And the median was 25.24.

ASX:GLE's Days Payable is ranked worse than
64.29% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs ASX:GLE: 41.00

GLG's Days Payable declined from Dec. 2022 (43.56) to Dec. 2023 (28.64). It may suggest that GLG accelerated paying its suppliers.

GLG Days Payable Historical Data

The historical data trend for GLG'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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GLG Days Payable Chart

GLG Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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37.44

31.04

27.87

28.02

36.42

GLG 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															44.98	46.20	43.56	51.86	28.64

Competitive Comparison of GLG's Days Payable

For the Apparel Manufacturing subindustry, GLG'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.

GLG's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GLG's Days Payable distribution charts can be found below:

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

GLG 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.

GLG'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
=	( (16.305	+	11.942)	/	2 )	/	141.553	*	365
=	14.1235					/	141.553	*	365
=	36.42

GLG'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
=	( (11.942	+	15.169)	/	2 )	/	86.386	*	365 / 2
=	13.5555					/	86.386	*	365 / 2
=	28.64

GLG Days Payable Related Terms

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GLG (ASX:GLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » GLG Corp Ltd (ASX:GLE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15, Harvey Road, Singapore, SGP, 369930

Website

https://www.ghimli.com

GLG Corp Ltd is engaged as a supplier of knitwear or apparel and supply chain management solutions. The operating segments of the company are fabric which is into the manufacture and wholesaling of fabric, and garments which are into manufacturing and wholesaling of garments where the garment segment contributes to a majority of revenue. The products offered by the group include ready-to-wear, casual active, sleepwear, menswear, and childrenswear.

GLG (ASX:GLE) Headlines

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