Clean Seas Seafood (Clean Seas Seafood) Days Payable : 167.37 (As of Dec. 2023)

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What is Clean Seas Seafood Days Payable?

Clean Seas Seafood's average Accounts Payable for the six months ended in Dec. 2023 was $6.82 Mil. Clean Seas Seafood's Cost of Goods Sold for the six months ended in Dec. 2023 was $7.44 Mil. Hence, Clean Seas Seafood's Days Payable for the six months ended in Dec. 2023 was 167.37.

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

CTUNF' s Days Payable Range Over the Past 10 Years
Min: 16.62 Med: 49.93 Max: 611.51
Current: 611.51

During the past 13 years, Clean Seas Seafood's highest Days Payable was 611.51. The lowest was 16.62. And the median was 49.93.

CTUNF's Days Payable is ranked better than
97.82% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs CTUNF: 611.51

Clean Seas Seafood's Days Payable declined from Dec. 2022 (377.30) to Dec. 2023 (167.37). It may suggest that Clean Seas Seafood accelerated paying its suppliers.

Clean Seas Seafood Days Payable Historical Data

The historical data trend for Clean Seas Seafood'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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Clean Seas Seafood Days Payable Chart

Clean Seas Seafood Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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66.14

51.74

32.88

612.65

Clean Seas Seafood 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															326.01	-	377.30	-	167.37

Competitive Comparison of Clean Seas Seafood's Days Payable

For the Farm Products subindustry, Clean Seas Seafood'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.

Clean Seas Seafood's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Clean Seas Seafood's Days Payable falls into.

Clean Seas Seafood 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.

Clean Seas Seafood'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
=	( (4.701	+	8.002)	/	2 )	/	-0.857	*	365
=	6.3515					/	-0.857	*	365
=	N/A

Clean Seas Seafood'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
=	( (8.002	+	5.644)	/	2 )	/	7.44	*	365 / 2
=	6.823					/	7.44	*	365 / 2
=	167.37

Clean Seas Seafood Days Payable Related Terms

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Clean Seas Seafood (Clean Seas Seafood) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Clean Seas Seafood Ltd (OTCPK:CTUNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CSS:Norway C7S:Germany CSS:Australia

Address

7 Frederick Road, Royal Park, Adelaide, SA, AUS, 5014

Website

https://www.cleanseas.com.au

Clean Seas Seafood Ltd is engaged in full-cycle breeding, production, and sale of Yellowtail Kingfish. The company's operating segments are Finfish Sales and Tuna Operations. It generates a majority of its revenue from the Finfish sales segment. The fish sales segment includes Yellowtail Kingfish, Mulloway, and some wild caught Tuna. Geographically, it derives a majority of its revenue from Australia and also has a presence in Europe and Other countries.

Clean Seas Seafood (Clean Seas Seafood) Headlines

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