AFT Pharmaceuticals (ASX:AFP) Days Payable : 104.31 (As of Sep. 2023)

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What is AFT Pharmaceuticals Days Payable?

AFT Pharmaceuticals's average Accounts Payable for the six months ended in Sep. 2023 was A$25.2 Mil. AFT Pharmaceuticals's Cost of Goods Sold for the six months ended in Sep. 2023 was A$44.0 Mil. Hence, AFT Pharmaceuticals's Days Payable for the six months ended in Sep. 2023 was 104.31.

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

ASX:AFP' s Days Payable Range Over the Past 10 Years
Min: 48.69 Med: 65.78 Max: 96.94
Current: 96.94

During the past 8 years, AFT Pharmaceuticals's highest Days Payable was 96.94. The lowest was 48.69. And the median was 65.78.

ASX:AFP's Days Payable is ranked better than
56.19% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.23 vs ASX:AFP: 96.94

AFT Pharmaceuticals's Days Payable increased from Sep. 2022 (82.32) to Sep. 2023 (104.31). It may suggest that AFT Pharmaceuticals delayed paying its suppliers.

AFT Pharmaceuticals Days Payable Historical Data

The historical data trend for AFT Pharmaceuticals'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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AFT Pharmaceuticals Days Payable Chart

AFT Pharmaceuticals Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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56.65

48.49

67.41

71.05

74.76

AFT Pharmaceuticals 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											96.74	66.81	82.32	82.26	104.31

Competitive Comparison of AFT Pharmaceuticals's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, AFT Pharmaceuticals'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.

AFT Pharmaceuticals's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, AFT Pharmaceuticals's Days Payable distribution charts can be found below:

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

AFT Pharmaceuticals 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.

AFT Pharmaceuticals'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
=	( (11.239	+	20.629)	/	2 )	/	77.79	*	365
=	15.934					/	77.79	*	365
=	74.76

AFT Pharmaceuticals'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
=	( (20.629	+	29.672)	/	2 )	/	44.002	*	365 / 2
=	25.1505					/	44.002	*	365 / 2
=	104.31

AFT Pharmaceuticals Days Payable Related Terms

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AFT Pharmaceuticals (ASX:AFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » AFT Pharmaceuticals Ltd (ASX:AFP) » Definitions » Days Payable

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Traded in Other Exchanges

AFT:New Zealand

Address

129 Hurstmere Road, Level 1, Takapuna, Auckland, NTL, NZL, 0622

Website

https://www.aftpharm.com

AFT Pharmaceuticals Ltd is a pharmaceutical distributor and developer of pharmaceutical intellectual property. Some of the products of the organization are Aqueous cream, Calci-tab, Maxigesic, Cromo-fresh, Crystaderm, Crytawash, Ellgy plus, Emulsifying ointment, and others. The group has four operating segments based on geographical location being, Australia, New Zealand, Asia, and the Rest of the world. It generates the majority of the revenue from Australia which includes the sales and distribution activity relating to the Australian market.

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