CodanASX:CDA -1.14%84 Days Payable is 116.19 as of Dec. 2025, which is 68% above its 10-year median of 69.16. GuruFocus rates ASX:CDA with a GF Score™ of 84/100 and a GF Value™ of A$20.78 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,438 Hardware companies, Codan ranks better than 77.85% on this metric.
Codan's average Accounts Payable for the
six
months ended in Dec. 2025 was A$104.7 Mil. Codan's Cost of Goods Sold for the
six
months ended in Dec. 2025 was A$164.5 Mil.
Hence, Codan's Days Payable for the
six
months ended in Dec. 2025 was 116.19.
The historical rank and industry rank for Codan's Days Payable or its related term are showing as below:
ASX:CDA'
s Days Payable Range Over the Past 10 Years
Min: 52.81 Med: 69.16 Max: 127.1
Current: 127.1
During the past 13 years, Codan's highest Days Payable was 127.10. The lowest was 52.81. And the median was 69.16.
ASX:CDA's Days Payable is ranked better than 77.85% of 2438
companies
in the Hardware industry
Industry Median: 69.935
vs ASX:CDA: 127.10
Codan's Days Payable
declined
from Dec. 2024 (124.31) to Dec. 2025 (116.19).
It may suggest that Codanaccelerated paying its suppliers.
Codan Days Payable Related Terms
Codan Days Payable Historical Data
* Premium members only.
The historical data trend for Codan'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.
ASX:CDA vs COHR, KEYS, GRMN: Days Payable Comparison
For the Scientific & Technical Instruments subindustry, Codan'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.
Codan Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Codan's Days Payable distribution charts can be found below:
* The bar in red indicates where Codan's Days Payable falls into.
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.
Codan's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Codan (ASX:CDA) has a Days Payable of 116.19 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Codan and its competitors. This is 68% above median its historical median of 69.16. Over the past decade, Codan's Days Payable has ranged from 52.81 to 127.10. According to the industry distribution chart, Codan ranks #540 out of 2438 companies in the Hardware industry, placing it in the top 22.1%.
Is Codan's Days Payable too high?
Codan's current Days Payable of 116.19 is 68% above median its 10-year median of 69.16. Over the past 10 years, this metric has ranged from a low of 52.81 to a high of 127.10. The Hardware industry median Days Payable is 69.94. Codan's value of 116.19 is 66.1% above this industry median. Based on the distribution chart, Codan ranks #540 out of 2438 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Codan has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Codan's Days Payable compare to COHR and KEYS?
According to the Hardware industry distribution chart, Codan ranks #540 out of 2438 companies for Days Payable. This places Codan in the top 22% of its industry — outperforming the majority of peers. The industry median Days Payable is 69.94. Codan's value of 116.19 is 66.1% above this benchmark. Historically, Codan's own Days Payable has ranged from 52.81 to 127.10 over the past decade. While the company's 10-year median is 69.16 vs. the industry median of 69.94, Codan has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,438 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Codan's current Days Payable of 116.19 is 66.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Codan and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codan's current Days Payable is 116.19, which is 68% above median its own 10-year median of 69.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codan stock overvalued right now?
Based on GuruFocus' analysis, Codan (ASX:CDA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$20.78, compared to a current price of A$43.49 — trading 109.3% above its estimated fair value. The current Days Payable is 116.19, which is 68% above median its 10-year median of 69.16 and 66.1% above the Hardware industry median of 69.94. Codan's overall GF Score™ is 84/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Codan (ASX:CDA), the current Days Payable is 116.19 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Codan (ASX:CDA) Overvalued in 2026?
Based on GuruFocus' analysis, Codan stock appears to be overvalued.
The current stock price of A$43.49 is trading 109.3% above its estimated GF Value™ of A$20.78.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
Days Payable: 116.19 (68% above median its 10-year median of 69.16)
GF Value™: A$20.78 vs. price of A$43.49 (109.3% above fair value)
Industry Position: 66.1% above the Hardware median (#540 of 2438)
No single metric tells the full story. See the ASX:CDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth is from Europe.
84GF Score
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