Articore Group (ASX:ATG) Days Payable : 65.75 (As of Dec. 2023)

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What is Articore Group Days Payable?

Articore Group's average Accounts Payable for the six months ended in Dec. 2023 was A$69.0 Mil. Articore Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$191.6 Mil. Hence, Articore Group's Days Payable for the six months ended in Dec. 2023 was 65.75.

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

ASX:ATG' s Days Payable Range Over the Past 10 Years
Min: 37.2 Med: 47.4 Max: 118.68
Current: 118.68

During the past 8 years, Articore Group's highest Days Payable was 118.68. The lowest was 37.20. And the median was 47.40.

ASX:ATG's Days Payable is ranked better than
80.93% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs ASX:ATG: 118.68

Articore Group's Days Payable increased from Dec. 2022 (55.78) to Dec. 2023 (65.75). It may suggest that Articore Group delayed paying its suppliers.

Articore Group Days Payable Historical Data

The historical data trend for Articore 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.

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Articore Group Days Payable Chart

Articore Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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39.61

44.03

37.20

50.76

58.18

Articore Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											49.46	193.31	55.78	253.54	65.75

Competitive Comparison of Articore Group's Days Payable

For the Internet Retail subindustry, Articore 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.

Articore Group's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Articore Group's Days Payable distribution charts can be found below:

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

Articore 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.

Articore 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
=	( (48.121	+	45.939)	/	2 )	/	295.049	*	365
=	47.03					/	295.049	*	365
=	58.18

Articore 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
=	( (45.939	+	92.157)	/	2 )	/	191.641	*	365 / 2
=	69.048					/	191.641	*	365 / 2
=	65.75

Articore Group Days Payable Related Terms

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Articore Group (ASX:ATG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Articore Group Ltd (ASX:ATG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RDBBF:USA WAB0:Germany

Address

697 Collins Street, Level 12, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.redbubble.com

Articore Group Ltd is an online marketplace that facilitates the sale and purchase of art and designs on a range of products between independent creatives and consumers. The name of the marketplace is Redbubble.com and TeePublic.com. The products are produced and shipped by third-party service providers (i.e. product manufacturers, printers, and shipping companies) referred to as fulfillers. The company's primary geographic markets are Australia, the United States, the United Kingdom, and the rest of the world. The majority of its revenue is derived from the United States.

Articore Group (ASX:ATG) Headlines

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