SECOS Group (SECOS Group) Days Payable : 50.09 (As of Dec. 2023)

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What is SECOS Group Days Payable?

SECOS Group's average Accounts Payable for the six months ended in Dec. 2023 was $0.94 Mil. SECOS Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $3.42 Mil. Hence, SECOS Group's Days Payable for the six months ended in Dec. 2023 was 50.09.

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

SCGRF' s Days Payable Range Over the Past 10 Years
Min: 16.37 Med: 46 Max: 88.09
Current: 39.15

During the past 13 years, SECOS Group's highest Days Payable was 88.09. The lowest was 16.37. And the median was 46.00.

SCGRF's Days Payable is ranked worse than
73.78% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.555 vs SCGRF: 39.15

SECOS Group's Days Payable increased from Dec. 2022 (42.33) to Dec. 2023 (50.09). It may suggest that SECOS Group delayed paying its suppliers.

SECOS Group Days Payable Historical Data

The historical data trend for SECOS Group'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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SECOS Group Days Payable Chart

SECOS Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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46.13

31.14

15.63

27.21

38.81

SECOS Group 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															28.65	35.44	42.33	31.01	50.09

Competitive Comparison of SECOS Group's Days Payable

For the Packaging & Containers subindustry, SECOS Group'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.

SECOS Group's Days Payable Distribution in the Packaging & Containers Industry

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

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

SECOS Group 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.

SECOS Group'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
=	( (1.927	+	0.883)	/	2 )	/	13.215	*	365
=	1.405					/	13.215	*	365
=	38.81

SECOS Group'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
=	( (0.883	+	0.992)	/	2 )	/	3.416	*	365 / 2
=	0.9375					/	3.416	*	365 / 2
=	50.09

SECOS Group Days Payable Related Terms

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SECOS Group (SECOS Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » SECOS Group Ltd (OTCPK:SCGRF) » Definitions » Days Payable

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SES:Australia

Address

247 Ferntree Gully Road, Unit 1, Mount Waverley, Melbourne, VIC, AUS, VIC 3149

Website

https://www.secosgroup.com.au

SECOS Group Ltd is an Australian developer and manufacturer of sustainable packaging materials. . Business operating segment includes the manufacture and distribution of polyethylene films, renewable resource-based resins, and finished products. It supplies proprietary biodegradable resins, packaging products cast films to a customer base spread globally.SECOS Global Application Development Centre is in Australia. Product Development Centre and manufacturing plant for resins and finished products in China and resins plant in Malaysia. It also has manufacturing plants for cast films in Malaysia. It conducts sales via geographical regions that include Australia, Asia, America, Europe, and Africa. Asia generates maximum revenue for the company.

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