Codan (CODAF) Days Payable : 118.59 (As of Dec. 2023)

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What is Codan Days Payable?

Codan's average Accounts Payable for the six months ended in Dec. 2023 was $52.1 Mil. Codan's Cost of Goods Sold for the six months ended in Dec. 2023 was $80.2 Mil. Hence, Codan's Days Payable for the six months ended in Dec. 2023 was 118.59.

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

CODAF' s Days Payable Range Over the Past 10 Years
Min: 52.81 Med: 67.31 Max: 129.25
Current: 129.25

During the past 13 years, Codan's highest Days Payable was 129.25. The lowest was 52.81. And the median was 67.31.

CODAF's Days Payable is ranked better than
80.3% of 2421 companies
in the Hardware industry
Industry Median: 67.83 vs CODAF: 129.25

Codan's Days Payable declined from Dec. 2022 (130.89) to Dec. 2023 (118.59). It may suggest that Codan accelerated paying its suppliers.

Codan Days Payable Historical Data

The historical data trend for Codan'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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Codan Days Payable Chart

Codan Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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78.25

53.40

58.23

72.95

79.85

Codan 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															108.11	106.10	130.89	112.38	118.59

Competitive Comparison of Codan's Days Payable

For the Scientific & Technical Instruments subindustry, Codan'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.

Codan's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Codan's Days Payable distribution charts can be found below:

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

Codan 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.

Codan'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
=	( (29.308	+	31.485)	/	2 )	/	138.943	*	365
=	30.3965					/	138.943	*	365
=	79.85

Codan'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
=	( (31.485	+	72.739)	/	2 )	/	80.196	*	365 / 2
=	52.112					/	80.196	*	365 / 2
=	118.59

Codan Days Payable Related Terms

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

Codan (CODAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Codan Ltd (OTCPK:CODAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CDA:Australia

Address

Technology Park, 2 Second Avenue, Mawson Lakes, SA, AUS, 5095

Website

https://www.codan.com.au

Codan Ltd develops electronics solutions for government, corporate, non-governmental organizations (NGO) and consumer markets across the globe. It operates through the following business segments: The communications segment includes the design, development, manufacture and marketing of communications equipment. The Metal detection segment includes the design, development, manufacture and marketing of metal detection equipment; The tracking solutions segment includes the design, manufacture, maintenance and support of a range of electronic products. The firm generates the majority of revenue from the Communications segment.

Codan (CODAF) Headlines

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