Comms Group (ASX:CCG) Days Payable : 50.87 (As of Jun. 2024)

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What is Comms Group Days Payable?

Comms Group's average Accounts Payable for the six months ended in Jun. 2024 was A$5.53 Mil. Comms Group's Cost of Goods Sold for the six months ended in Jun. 2024 was A$19.83 Mil. Hence, Comms Group's Days Payable for the six months ended in Jun. 2024 was 50.87.

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

ASX:CCG' s Days Payable Range Over the Past 10 Years
Min: 27.33 Med: 42.04 Max: 105.29
Current: 61.68

During the past 7 years, Comms Group's highest Days Payable was 105.29. The lowest was 27.33. And the median was 42.04.

ASX:CCG's Days Payable is ranked better than
56.42% of 2554 companies
in the Software industry
Industry Median: 49.265 vs ASX:CCG: 61.68

Comms Group's Days Payable declined from Jun. 2023 (58.86) to Jun. 2024 (50.87). It may suggest that Comms Group accelerated paying its suppliers.

Comms Group Days Payable Historical Data

The historical data trend for Comms 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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Comms Group Days Payable Chart

Comms Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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27.33

33.80

42.04

44.86

48.80

Comms Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial									50.74	55.08	58.86	104.86	50.87

Competitive Comparison of Comms Group's Days Payable

For the Information Technology Services subindustry, Comms 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.

Comms Group's Days Payable Distribution in the Software Industry

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

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

Comms 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.

Comms 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
=	( (3.714	+	4.077)	/	2 )	/	29.134	*	365
=	3.8955					/	29.134	*	365
=	48.80

Comms 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
=	( (6.978	+	4.077)	/	2 )	/	19.829	*	365 / 2
=	5.5275					/	19.829	*	365 / 2
=	50.87

Comms Group Days Payable Related Terms

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Comms Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Comms Group Ltd (ASX:CCG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 Clarence Street, Level 3, Sydney, NSW, AUS, 2000

Website

https://www.commsgroup.limited

Comms Group Ltd is an information and communication technology (ICT) business, providing a comprehensive vendor-agnostic ICT managed service. The company's segment includes Global; SME and ICT. It generates revenue from Voice; Data and Managed service. Geographically, It derives revenue from Australia. The company's product categories include Connect; Collaborate and Manage. The company generates the majority of its revenue from the SME segment.