Ava Risk Group (ASX:AVA) Days Payable : 67.33 (As of Jun. 2024)

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What is Ava Risk Group Days Payable?

Ava Risk Group's average Accounts Payable for the six months ended in Jun. 2024 was A$2.42 Mil. Ava Risk Group's Cost of Goods Sold for the six months ended in Jun. 2024 was A$6.56 Mil. Hence, Ava Risk Group's Days Payable for the six months ended in Jun. 2024 was 67.33.

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

ASX:AVA' s Days Payable Range Over the Past 10 Years
Min: 31.33 Med: 64.73 Max: 115.33
Current: 63.78

During the past 10 years, Ava Risk Group's highest Days Payable was 115.33. The lowest was 31.33. And the median was 64.73.

ASX:AVA's Days Payable is ranked better than
61.6% of 927 companies
in the Business Services industry
Industry Median: 47.38 vs ASX:AVA: 63.78

Ava Risk Group's Days Payable declined from Jun. 2023 (68.74) to Jun. 2024 (67.33). It may suggest that Ava Risk Group accelerated paying its suppliers.

Ava Risk Group Days Payable Historical Data

The historical data trend for Ava Risk 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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Ava Risk Group Days Payable Chart

Ava Risk Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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44.95

31.33

115.33

40.12

46.88

Ava Risk Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial														80.21	72.71	68.74	78.04	67.33

Competitive Comparison of Ava Risk Group's Days Payable

For the Security & Protection Services subindustry, Ava Risk 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.

Ava Risk Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ava Risk Group's Days Payable distribution charts can be found below:

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

Ava Risk 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.

Ava Risk Group's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (1.499	+	1.608)	/	2 )	/	12.096	*	365
=	1.5535					/	12.096	*	365
=	46.88

Ava Risk Group's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (3.234	+	1.608)	/	2 )	/	6.562	*	365 / 2
=	2.421					/	6.562	*	365 / 2
=	67.33

Ava Risk Group Days Payable Related Terms

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Ava Risk Group Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Hartnett Close, Mulgrave, VIC, AUS, 3170

Website

https://www.theavagroup.com

Ava Risk Group Ltd is engaged in risk management services and technologies. The Group operates in Detect, Access, and Illuminate, which are its reportable segments. The group provides a range of complementary solutions such as intrusion detection and location for perimeters, pipelines and data networks, biometric and card access control as well to provide secure international logistics of high-risk valuables, precious metals & currency. Its geographical areas include Australia, Asia Pacific, India, Middle East & North Africa, Europe, the United States, and the Rest of the world.