Adacel Technologies (ASX:ADA) Days Payable : 126.16 (As of Dec. 2023)

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What is Adacel Technologies Days Payable?

Adacel Technologies's average Accounts Payable for the six months ended in Dec. 2023 was A$2.86 Mil. Adacel Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.13 Mil. Hence, Adacel Technologies's Days Payable for the six months ended in Dec. 2023 was 126.16.

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

ASX:ADA' s Days Payable Range Over the Past 10 Years
Min: 92.72 Med: 117.15 Max: 447.2
Current: 165.59

During the past 13 years, Adacel Technologies's highest Days Payable was 447.20. The lowest was 92.72. And the median was 117.15.

ASX:ADA's Days Payable is ranked better than
80.03% of 2524 companies
in the Software industry
Industry Median: 50.7 vs ASX:ADA: 165.59

Adacel Technologies's Days Payable declined from Dec. 2022 (174.84) to Dec. 2023 (126.16). It may suggest that Adacel Technologies accelerated paying its suppliers.

Adacel Technologies Days Payable Historical Data

The historical data trend for Adacel Technologies'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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Adacel Technologies Days Payable Chart

Adacel Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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110.03

100.21

92.72

139.08

102.88

Adacel Technologies 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															435.08	145.55	174.84	169.92	126.16

Competitive Comparison of Adacel Technologies's Days Payable

For the Software - Application subindustry, Adacel Technologies'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.

Adacel Technologies's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Adacel Technologies's Days Payable distribution charts can be found below:

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

Adacel Technologies 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.

Adacel Technologies'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
=	( (1.858	+	1.624)	/	2 )	/	6.177	*	365
=	1.741					/	6.177	*	365
=	102.88

Adacel Technologies'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
=	( (1.624	+	4.089)	/	2 )	/	4.132	*	365 / 2
=	2.8565					/	4.132	*	365 / 2
=	126.16

Adacel Technologies Days Payable Related Terms

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Adacel Technologies (ASX:ADA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Adacel Technologies Ltd (ASX:ADA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AELTF:USA

Address

3 Westside Avenue, Unit 29, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.adacel.com

Adacel Technologies Ltd develops and sells simulation and control systems. The company's operating segment includes Systems and Services. It generates maximum revenue from the Services segment. The Services segment includes software maintenance and all aspects of system support, field services, and on-site technical services. Its Systems segment includes operational air traffic management as well as simulation and training applications. Geographically, it derives a majority of its revenue from Canada and also has a presence in the USA Estonia and Australia.

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