8VI Holdings (ASX:8VI) Days Payable : 71.70 (As of Sep. 2023)

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What is 8VI Holdings Days Payable?

8VI Holdings's average Accounts Payable for the six months ended in Sep. 2023 was A$1.56 Mil. 8VI Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was A$3.97 Mil. Hence, 8VI Holdings's Days Payable for the six months ended in Sep. 2023 was 71.70.

The historical rank and industry rank for 8VI Holdings's Days Payable or its related term are showing as below:

ASX:8VI' s Days Payable Range Over the Past 10 Years
Min: 8.99 Med: 20.07 Max: 74.9
Current: 74.9

During the past 8 years, 8VI Holdings's highest Days Payable was 74.90. The lowest was 8.99. And the median was 20.07.

ASX:8VI's Days Payable is ranked better than
72.17% of 212 companies
in the Education industry
Industry Median: 36.105 vs ASX:8VI: 74.90

8VI Holdings's Days Payable increased from Sep. 2022 (70.53) to Sep. 2023 (71.70). It may suggest that 8VI Holdings delayed paying its suppliers.

8VI Holdings Days Payable Historical Data

The historical data trend for 8VI Holdings'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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8VI Holdings Days Payable Chart

8VI Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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9.03

26.32

21.95

37.44

26.81

8VI Holdings Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial											85.53	102.20	70.53	47.27	71.70

Competitive Comparison of 8VI Holdings's Days Payable

For the Education & Training Services subindustry, 8VI Holdings'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.

8VI Holdings's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, 8VI Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where 8VI Holdings's Days Payable falls into.

8VI Holdings 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.

8VI Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1.187	+	0.209)	/	2 )	/	9.503	*	365
=	0.698					/	9.503	*	365
=	26.81

8VI Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.209	+	2.912)	/	2 )	/	3.972	*	365 / 2
=	1.5605					/	3.972	*	365 / 2
=	71.70

8VI Holdings Days Payable Related Terms

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8VI Holdings (ASX:8VI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 8VI Holdings Ltd (ASX:8VI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1557 Keppel Road, No. 01-01, Singapore, SGP, 089066

Website

https://www.8vicglobal.com

8VI Holdings Ltd provides financial education and training services. The company's operating segment includes Financial Education; Others and Corporate. The Financial Education segment is involved in providing financial education in the discipline of value investing.

8VI Holdings (ASX:8VI) Headlines

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