Ansarada Group (ASX:AND) Days Payable

: 885.33 (As of Dec. 2023)

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Ansarada Group's average Accounts Payable for the six months ended in Dec. 2023 was A$5.05 Mil. Ansarada Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1.04 Mil. Hence, Ansarada Group's Days Payable for the six months ended in Dec. 2023 was 885.33.

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

ASX:AND' s Days Payable Range Over the Past 10 Years
Min: 171.37 Med: 670.48 Max: 2922.22
Current: 2922.22

During the past 5 years, Ansarada Group's highest Days Payable was 2922.22. The lowest was 171.37. And the median was 670.48.

ASX:AND's Days Payable is ranked better than
98.14% of 2525 companies
in the Software industry
Industry Median: 51.49 vs ASX:AND: 2922.22

Ansarada Group's Days Payable increased from Dec. 2022 (570.64) to Dec. 2023 (885.33). It may suggest that Ansarada Group delayed paying its suppliers.

Ansarada Group Days Payable Historical Data

The historical data trend for Ansarada 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.

* Premium members only.

Ansarada Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

171.37

363.91

1,077.74

977.04

Ansarada Group Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable				593.77	-	570.64	-	885.33

Competitive Comparison

For the Software - Application subindustry, Ansarada 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.

Ansarada Group Days Payable Distribution

For the Software industry and Technology sector, Ansarada Group's Days Payable distribution charts can be found below:

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

Ansarada 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.

Ansarada 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
=	( (2.951	+	2.408)	/	2 )	/	1.001	*	365
=	2.6795					/	1.001	*	365
=	977.04

Ansarada 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
=	( (2.408	+	7.692)	/	2 )	/	1.041	*	365 / 2
=	5.05					/	1.041	*	365 / 2
=	885.33

Ansarada Group Days Payable Related Terms

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Ansarada Group (ASX:AND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ansarada Group Ltd (ASX:AND) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 George Street, Level 2, The Rocks, Sydney, NSW, AUS, 2000

Website

https://www.ansarada.com

Ansarada Group Ltd formerly thedocyard Ltd develops and provides cloud-based software for legal and finance organizations. It operates as a Software as a Service (SaaS) model with its clients being organizations that undertake complex transactions such as legal and accounting firms, corporate and financial advisers, financial institutions, and listed or multinational companies. Some services provided are Workflow management, Collaboration, Secure document management, and Project Management. Geographically, the majority of the business is done in the Australian market. The Group derives its revenue from subscription or transactional usage fees from customers for access to its cloud-based SaaS platform.

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