Archer Materials (ASX:AXE) Days Payable : 37.63 (As of Dec. 2023)

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What is Archer Materials Days Payable?

Archer Materials's average Accounts Payable for the six months ended in Dec. 2023 was A$0.43 Mil. Archer Materials's Cost of Goods Sold for the six months ended in Dec. 2023 was A$2.08 Mil. Hence, Archer Materials's Days Payable for the six months ended in Dec. 2023 was 37.63.

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

ASX:AXE' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 71.03
Current: 71.03

During the past 13 years, Archer Materials's highest Days Payable was 71.03. The lowest was 0.00. And the median was 0.00.

ASX:AXE's Days Payable is ranked better than
65.14% of 961 companies
in the Semiconductors industry
Industry Median: 51.94 vs ASX:AXE: 71.03

Archer Materials's Days Payable increased from Dec. 2022 (29.84) to Dec. 2023 (37.63). It may suggest that Archer Materials delayed paying its suppliers.

Archer Materials Days Payable Historical Data

The historical data trend for Archer Materials'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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Archer Materials Days Payable Chart

Archer Materials Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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Archer Materials 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															43.34	-	29.84	-	37.63

Competitive Comparison of Archer Materials's Days Payable

For the Semiconductors subindustry, Archer Materials'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.

Archer Materials's Days Payable Distribution in the Semiconductors Industry

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

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

Archer Materials 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.

Archer Materials'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
=	( (0.105	+	0.389)	/	2 )	/	0	*	365
=	0.247					/	0	*	365
=	N/A

Archer Materials'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
=	( (0.389	+	0.47)	/	2 )	/	2.083	*	365 / 2
=	0.4295					/	2.083	*	365 / 2
=	37.63

Archer Materials Days Payable Related Terms

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Archer Materials (ASX:AXE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Archer Materials Ltd (ASX:AXE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ARRXF:USA 38A:Germany

Address

Frome Road, Lot Fourteen, Adelaide, SA, AUS, 5000

Website

https://www.archerx.com.au

Archer Materials Ltd is a technology company that operates within the semiconductor industry. It is developing and commercializing semiconductor devices, including chips relevant to quantum computing and medical diagnostics.