Comvita (Comvita) Days Payable : 94.83 (As of Dec. 2023)

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What is Comvita Days Payable?

Comvita's average Accounts Payable for the six months ended in Dec. 2023 was $13.3 Mil. Comvita's Cost of Goods Sold for the six months ended in Dec. 2023 was $25.6 Mil. Hence, Comvita's Days Payable for the six months ended in Dec. 2023 was 94.83.

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

CVNZF' s Days Payable Range Over the Past 10 Years
Min: 39.88 Med: 46.95 Max: 88.18
Current: 88.18

During the past 13 years, Comvita's highest Days Payable was 88.18. The lowest was 39.88. And the median was 46.95.

CVNZF's Days Payable is ranked better than
78.75% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs CVNZF: 88.18

Comvita's Days Payable declined from Dec. 2022 (97.24) to Dec. 2023 (94.83). It may suggest that Comvita accelerated paying its suppliers.

Comvita Days Payable Historical Data

The historical data trend for Comvita'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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Comvita Days Payable Chart

Comvita Annual Data

Trend

Mar13

Mar14

Mar15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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49.50

45.28

37.87

62.14

54.23

Comvita Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															69.40	111.04	97.24	63.08	94.83

Competitive Comparison of Comvita's Days Payable

For the Packaged Foods subindustry, Comvita'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.

Comvita's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Comvita 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.

Comvita'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
=	( (11.64	+	6.299)	/	2 )	/	60.369	*	365
=	8.9695					/	60.369	*	365
=	54.23

Comvita'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
=	( (6.299	+	20.337)	/	2 )	/	25.631	*	365 / 2
=	13.318					/	25.631	*	365 / 2
=	94.83

Comvita Days Payable Related Terms

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Comvita (Comvita) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Comvita Ltd (OTCPK:CVNZF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CVT:New Zealand

Address

23 Wilson Road South, Private Bag 1, Paengaroa, Te Puke, BOP, NZL, 3153

Website

https://www.comvita.co.nz

Comvita Ltd is a New Zealand based company. It is engaged in the development and marketing of natural health and wellbeing products. Its products include manuka honey, manuka honey extract, nutritional oils, royal jelly, olive leaf extract, and other products. The company's geographical segments include Greater China; ANZ; Rest of Asia; Rest of Asia and EMEA. It derives a majority of its revenue from Greater China.