Change Financial (ASX:CCA) Days Payable : 0.00 (As of Dec. 2023)

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What is Change Financial Days Payable?

Change Financial's average Accounts Payable for the six months ended in Dec. 2023 was A$1.07 Mil. Change Financial's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.00 Mil.

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

ASX:CCA's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 49.575
* Ranked among companies with meaningful Days Payable only.

Change Financial's Days Payable stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Change Financial Days Payable Historical Data

The historical data trend for Change Financial'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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Change Financial Days Payable Chart

Change Financial Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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Change Financial Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											-	-	-	-	-

Competitive Comparison of Change Financial's Days Payable

For the Information Technology Services subindustry, Change Financial'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.

Change Financial's Days Payable Distribution in the Software Industry

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

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

Change Financial 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.

Change Financial'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
=	( (0.892	+	0.782)	/	2 )	/	0	*	365
=	0.837					/	0	*	365
=	N/A

Change Financial'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
=	( (0.782	+	1.348)	/	2 )	/	0	*	365 / 2
=	1.065					/	0	*	365 / 2
=	N/A

Change Financial Days Payable Related Terms

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Change Financial (ASX:CCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Change Financial Ltd (ASX:CCA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

82 Eagle Street, Level 11, Brisbane, QLD, AUS, 4000

Website

https://www.changefinancial.com

Change Financial Ltd is a fintech company. It develops payment processors and provides mobile banking services through its mobile application. The company operates in a single segment that is the development and provision of card payments software and services. The company serves business and financial institutions.