PRO-PAC Packaging (ASX:PPG) Days Payable : 86.24 (As of Dec. 2023)

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What is PRO-PAC Packaging Days Payable?

PRO-PAC Packaging's average Accounts Payable for the six months ended in Dec. 2023 was A$42.3 Mil. PRO-PAC Packaging's Cost of Goods Sold for the six months ended in Dec. 2023 was A$89.6 Mil. Hence, PRO-PAC Packaging's Days Payable for the six months ended in Dec. 2023 was 86.24.

The historical rank and industry rank for PRO-PAC Packaging's Days Payable or its related term are showing as below:

ASX:PPG' s Days Payable Range Over the Past 10 Years
Min: 40.33 Med: 68.96 Max: 105.09
Current: 105.09

During the past 13 years, PRO-PAC Packaging's highest Days Payable was 105.09. The lowest was 40.33. And the median was 68.96.

ASX:PPG's Days Payable is ranked better than
81.35% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.555 vs ASX:PPG: 105.09

PRO-PAC Packaging's Days Payable declined from Dec. 2022 (108.46) to Dec. 2023 (86.24). It may suggest that PRO-PAC Packaging accelerated paying its suppliers.

PRO-PAC Packaging Days Payable Historical Data

The historical data trend for PRO-PAC Packaging'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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PRO-PAC Packaging Days Payable Chart

PRO-PAC Packaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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75.21

69.53

71.29

77.78

87.12

PRO-PAC Packaging 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															82.50	130.42	108.46	105.45	86.24

Competitive Comparison of PRO-PAC Packaging's Days Payable

For the Packaging & Containers subindustry, PRO-PAC Packaging'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.

PRO-PAC Packaging's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PRO-PAC Packaging's Days Payable distribution charts can be found below:

* The bar in red indicates where PRO-PAC Packaging's Days Payable falls into.

PRO-PAC Packaging 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.

PRO-PAC Packaging'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
=	( (59.493	+	32.409)	/	2 )	/	192.522	*	365
=	45.951					/	192.522	*	365
=	87.12

PRO-PAC Packaging'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
=	( (32.409	+	52.264)	/	2 )	/	89.594	*	365 / 2
=	42.3365					/	89.594	*	365 / 2
=	86.24

PRO-PAC Packaging Days Payable Related Terms

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PRO-PAC Packaging (ASX:PPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PRO-PAC Packaging Ltd (ASX:PPG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-85 Banbury Road, Reservoir, Melbourne, VIC, AUS, 3073

Website

https://www.ppgaust.com.au

PRO-PAC Packaging Ltd is engaged in the manufacture and distribution of flexible, industrial, and rigid packaging products. The company's operating segment includes Flexibles; Distribution and Unallocated. It generates maximum revenue from the Flexibles segment. The Flexibles packaging segment manufactures flexible packaging materials incorporating products such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and industrial protective films. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand.