Globe International (ASX:GLB) Days Payable

: 75.69 (As of Dec. 2023)

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Globe International's average Accounts Payable for the six months ended in Dec. 2023 was A$23.2 Mil. Globe International's Cost of Goods Sold for the six months ended in Dec. 2023 was A$55.9 Mil. Hence, Globe International's Days Payable for the six months ended in Dec. 2023 was 75.69.

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

ASX:GLB' s Days Payable Range Over the Past 10 Years
Min: 52.28 Med: 71.19 Max: 83.97
Current: 82.8

During the past 13 years, Globe International's highest Days Payable was 83.97. The lowest was 52.28. And the median was 71.19.

ASX:GLB's Days Payable is ranked better than
69.4% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs ASX:GLB: 82.80

Globe International's Days Payable declined from Dec. 2022 (79.56) to Dec. 2023 (75.69). It may suggest that Globe International accelerated paying its suppliers.

Globe International Days Payable Historical Data

The historical data trend for Globe International'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.

Globe International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

82.18

67.52

52.28

64.70

57.16

Globe International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable																79.25	84.01	79.56	71.01	75.69

Competitive Comparison

For the Apparel Manufacturing subindustry, Globe International'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.

Globe International Days Payable Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Globe International's Days Payable distribution charts can be found below:

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

Globe International 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.

Globe International'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
=	( (25.699	+	14.219)	/	2 )	/	127.456	*	365
=	19.959					/	127.456	*	365
=	57.16

Globe International'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
=	( (14.219	+	32.118)	/	2 )	/	55.863	*	365 / 2
=	23.1685					/	55.863	*	365 / 2
=	75.69

Globe International Days Payable Related Terms

Thank you for viewing the detailed overview of Globe International's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Globe International (ASX:GLB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Globe International Ltd (ASX:GLB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Fennell Street, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.globecorporate.com

Globe International Ltd is an Australia-based company that operates in the apparel business. The company is primarily engaged in the production and distribution of purpose-built apparel, footwear, and hard goods for the board sports, street fashion, and workwear markets. Its geographical segments include Australasia, North America, and Europe. The company derives a majority of its revenue from Australasia.

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