Lark Distilling Co (ASX:LRK) Days Payable

: 81.30 (As of Dec. 2023)

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Lark Distilling Co's average Accounts Payable for the six months ended in Dec. 2023 was A$1.85 Mil. Lark Distilling Co's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.15 Mil. Hence, Lark Distilling Co's Days Payable for the six months ended in Dec. 2023 was 81.30.

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

ASX:LRK' s Days Payable Range Over the Past 10 Years
Min: 61.1 Med: 80.46 Max: 1493.38
Current: 161.04

During the past 13 years, Lark Distilling Co's highest Days Payable was 1493.38. The lowest was 61.10. And the median was 80.46.

ASX:LRK's Days Payable is ranked better than
77.83% of 203 companies
in the Beverages - Alcoholic industry
Industry Median: 82.42 vs ASX:LRK: 161.04

Lark Distilling Co's Days Payable declined from Dec. 2022 (159.47) to Dec. 2023 (81.30). It may suggest that Lark Distilling Co accelerated paying its suppliers.

Lark Distilling Co Days Payable Historical Data

The historical data trend for Lark Distilling Co'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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Lark Distilling Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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102.58

80.46

61.10

67.03

71.98

Lark Distilling Co 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	Get a 7-Day Free Trial															78.24	125.94	159.47	198.44	81.30

Competitive Comparison

For the Beverages - Wineries & Distilleries subindustry, Lark Distilling Co'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.

Lark Distilling Co Days Payable Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Lark Distilling Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Lark Distilling Co's Days Payable falls into.

Lark Distilling Co 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.

Lark Distilling Co'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
=	( (2.162	+	1.053)	/	2 )	/	8.151	*	365
=	1.6075					/	8.151	*	365
=	71.98

Lark Distilling Co'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
=	( (1.053	+	2.648)	/	2 )	/	4.154	*	365 / 2
=	1.8505					/	4.154	*	365 / 2
=	81.30

Lark Distilling Co Days Payable Related Terms

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Lark Distilling Co (ASX:LRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Lark Distilling Co Ltd (ASX:LRK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

91-93 Macquarie Street, Level 1, Hobart, TAS, AUS, 7000

Website

https://www.larkdistillery.com

Lark Distilling Co Ltd is engaged in the investment and marketing of Australian whisky in Australia. It sells its products under the brand name, Lark. Its operating segments are Whisky, Gin, and Others. The other segment includes the sale of hand sanitizers. It generates the majority of revenue from the Whisky segment.

Lark Distilling Co (ASX:LRK) Headlines

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