Clover (ASX:CLV) Days Payable

: 26.09 (As of Jan. 2024)

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Clover's average Accounts Payable for the six months ended in Jan. 2024 was A$2.85 Mil. Clover's Cost of Goods Sold for the six months ended in Jan. 2024 was A$19.96 Mil. Hence, Clover's Days Payable for the six months ended in Jan. 2024 was 26.09.

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

ASX:CLV' s Days Payable Range Over the Past 10 Years
Min: 42.26 Med: 51.75 Max: 123.97
Current: 42.97

During the past 13 years, Clover's highest Days Payable was 123.97. The lowest was 42.26. And the median was 51.75.

ASX:CLV's Days Payable is ranked worse than
53.77% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.81 vs ASX:CLV: 42.97

Clover's Days Payable declined from Jan. 2023 (58.05) to Jan. 2024 (26.09). It may suggest that Clover accelerated paying its suppliers.

Clover Days Payable Historical Data

The historical data trend for Clover'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.

Clover Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

48.26

44.45

48.44

51.85

42.26

Clover Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Days Payable																45.08	45.63	58.05	51.13	26.09

Competitive Comparison

For the Packaged Foods subindustry, Clover'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.

Clover Days Payable Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Clover's Days Payable distribution charts can be found below:

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

Clover 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.

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

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (9.037	+	3.961)	/	2 )	/	56.137	*	365
=	6.499					/	56.137	*	365
=	42.26

Clover's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (3.961	+	1.745)	/	2 )	/	19.959	*	365 / 2
=	2.853					/	19.959	*	365 / 2
=	26.09

Clover Days Payable Related Terms

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Clover (ASX:CLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Clover Corp Ltd (ASX:CLV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Pinnacle Road, Altona North, Melbourne, VIC, AUS, 3025

Website

https://www.clovercorp.com.au

Clover Corp Ltd provides nutritional and functional ingredients. The company is involved in the production of encapsulated powders, and research and product development of functional food and infant nutrition ingredients. It offers Nu-Mega Hi docosahexaenoic acid tuna oils for use in infant formula and pharmaceutical products; and Ocean Gold refined tuna oils. Its products include DHA oils, DHA powders, and Microencapsulation. Geographically, the group has a business presence in Australia, New Zealand, Asia, Europe, and the Americas. Majority of the revenue is derived from Asia.

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