LawFinance (ASX:LAW) Days Payable : 0.00 (As of Jun. 2023)

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What is LawFinance Days Payable?

LawFinance's average Accounts Payable for the six months ended in Jun. 2023 was A$1.25 Mil. LawFinance's Cost of Goods Sold for the six months ended in Jun. 2023 was A$-0.09 Mil.

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

ASX:LAW' s Days Payable Range Over the Past 10 Years
Min: 25.61 Med: 11171.49 Max: 43663.13
Current: 25.61

During the past 13 years, LawFinance's highest Days Payable was 43663.13. The lowest was 25.61. And the median was 11171.49.

ASX:LAW's Days Payable is not ranked
in the Credit Services industry.
Industry Median: 48.93 vs ASX:LAW: 25.61

LawFinance's Days Payable declined from Jun. 2022 (11,391.04) to Jun. 2023 (0.00). It may suggest that LawFinance accelerated paying its suppliers.

LawFinance Days Payable Historical Data

The historical data trend for LawFinance'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.

* Premium members only.

LawFinance Days Payable Chart

LawFinance Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Days Payable

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4,895.98

43,663.13

17,447.00

23,877.08

LawFinance 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															24,134.39	85.52	11,391.04	12.24	-

Competitive Comparison of LawFinance's Days Payable

For the Credit Services subindustry, LawFinance'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.

LawFinance's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, LawFinance's Days Payable distribution charts can be found below:

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

LawFinance 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.

LawFinance'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
=	( (0.967	+	0.603)	/	2 )	/	0.012	*	365
=	0.785					/	0.012	*	365
=	23,877.08

LawFinance'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
=	( (0.603	+	1.904)	/	2 )	/	-0.094	*	365 / 2
=	1.2535					/	-0.094	*	365 / 2
=	N/A

LawFinance Days Payable Related Terms

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LawFinance (ASX:LAW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LawFinance Ltd (ASX:LAW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

49-51 Queens Road, Suite 335, Five Dock, NSW, AUS, 2046

Website

https://www.justkapital.com.au

LawFinance Ltd is engaged in the disbursement funding and short-term funding business in Australia and the United States. It operates through three segments, JustKapital Finance; National Health Finance and Litigation Funding. The company offers appeal, estate, portfolio, and settlement finance services; and provides investigation and management services, and finance to claimants to progress their claim. It also offers disbursement funding solutions for law firms; insurance broking for the placement of after the event insurance; and revolving lines of credit and custom-designed financing solutions.