Abundante (SGX:570) Days Payable : 52.43 (As of Aug. 2023)

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What is Abundante Days Payable?

Abundante's average Accounts Payable for the six months ended in Aug. 2023 was S$0.88 Mil. Abundante's Cost of Goods Sold for the six months ended in Aug. 2023 was S$3.05 Mil. Hence, Abundante's Days Payable for the six months ended in Aug. 2023 was 52.43.

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

SGX:570' s Days Payable Range Over the Past 10 Years
Min: 29.24 Med: 60.82 Max: 102.44
Current: 57.75

During the past 13 years, Abundante's highest Days Payable was 102.44. The lowest was 29.24. And the median was 60.82.

SGX:570's Days Payable is not ranked
in the Business Services industry.
Industry Median: 47.92 vs SGX:570: 57.75

Abundante's Days Payable increased from Aug. 2022 (48.41) to Aug. 2023 (52.43). It may suggest that Abundante delayed paying its suppliers.

Abundante Days Payable Historical Data

The historical data trend for Abundante'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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Abundante Days Payable Chart

Abundante Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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95.67

56.07

45.25

33.87

29.24

Abundante Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Payable	Get a 7-Day Free Trial															55.45	52.25	48.41	49.61	52.43

Competitive Comparison of Abundante's Days Payable

For the Rental & Leasing Services subindustry, Abundante'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.

Abundante's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Abundante's Days Payable distribution charts can be found below:

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

Abundante 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.

Abundante's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0.493	+	0.523)	/	2 )	/	6.342	*	365
=	0.508					/	6.342	*	365
=	29.24

Abundante's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (0.523	+	1.229)	/	2 )	/	3.049	*	365 / 2
=	0.876					/	3.049	*	365 / 2
=	52.43

Abundante Days Payable Related Terms

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Abundante (SGX:570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Abundante Ltd (SGX:570) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 Paya Lebar Road, No. 07-09 Orion, Singapore, SGP, 409022

Website

https://www.tmcltd.com.sg

Abundante Ltd formerly Transit-Mixed Concrete Ltd is an investment holding company. It is mainly engaged in the business of supplying, concrete pumping services, and liquid waste management. It operates through two business segments, The Concrete Pumping Services segment is involved in the rental of concrete pumping services, and the Waste Management segment is engaged in the provision of waste management services including sewer pipeline inspection with a video camera. It derives income through its concrete pumping services which account for its revenues through its operations in Singapore.

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