Bluglass (Bluglass) Days Payable : 150.52 (As of Dec. 2023)

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What is Bluglass Days Payable?

Bluglass's average Accounts Payable for the six months ended in Dec. 2023 was $0.51 Mil. Bluglass's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.62 Mil. Hence, Bluglass's Days Payable for the six months ended in Dec. 2023 was 150.52.

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

BUGLF' s Days Payable Range Over the Past 10 Years
Min: 20.63 Med: 42.56 Max: 907.51
Current: 907.51

During the past 13 years, Bluglass's highest Days Payable was 907.51. The lowest was 20.63. And the median was 42.56.

BUGLF's Days Payable is ranked better than
98.02% of 962 companies
in the Semiconductors industry
Industry Median: 51.78 vs BUGLF: 907.51

Bluglass's Days Payable increased from Dec. 2022 (28.42) to Dec. 2023 (150.52). It may suggest that Bluglass delayed paying its suppliers.

Bluglass Days Payable Historical Data

The historical data trend for Bluglass'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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Bluglass Days Payable Chart

Bluglass Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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32.83

37.89

21.06

21.51

51.18

Bluglass 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															25.94	33.27	28.42	-	150.52

Competitive Comparison of Bluglass's Days Payable

For the Semiconductor Equipment & Materials subindustry, Bluglass'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.

Bluglass's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Bluglass's Days Payable distribution charts can be found below:

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

Bluglass 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.

Bluglass'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
=	( (0.154	+	0.316)	/	2 )	/	1.676	*	365
=	0.235					/	1.676	*	365
=	51.18

Bluglass'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
=	( (0.316	+	0.71)	/	2 )	/	0.622	*	365 / 2
=	0.513					/	0.622	*	365 / 2
=	150.52

Bluglass Days Payable Related Terms

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Bluglass (Bluglass) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Bluglass Ltd (OTCPK:BUGLF) » Definitions » Days Payable

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BLG:Australia

Address

74 Asquith Street, Silverwater, Sydney, NSW, AUS, 2128

Website

https://www.bluglass.com.au

Bluglass Ltd is an Australia-based semiconductor company. It is engaged in research and product development of compound-semiconductor materials, processes, and equipment to manufacture high-value electronics such as laser diodes, LEDs, and micro LEDs. It is working on achieving its technology and commercial milestones using its patented low-temperature Remote Plasma Chemical Vapour Deposition (RPCVD) technology to manufacture semiconductor materials and produce laser diode, LED, and microLED devices. The company operates in two geographical areas being in Australia and the United States. It derives a majority of revenue from Australia.