Collins Foods (ASX:CKF) Days Payable : 59.04 (As of Oct. 2023)

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What is Collins Foods Days Payable?

Collins Foods's average Accounts Payable for the six months ended in Oct. 2023 was A$111 Mil. Collins Foods's Cost of Goods Sold for the six months ended in Oct. 2023 was A$342 Mil. Hence, Collins Foods's Days Payable for the six months ended in Oct. 2023 was 59.04.

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

ASX:CKF' s Days Payable Range Over the Past 10 Years
Min: 53.61 Med: 56.37 Max: 61.05
Current: 54.76

During the past 12 years, Collins Foods's highest Days Payable was 61.05. The lowest was 53.61. And the median was 56.37.

ASX:CKF's Days Payable is ranked better than
71.18% of 340 companies
in the Restaurants industry
Industry Median: 38.325 vs ASX:CKF: 54.76

Collins Foods's Days Payable declined from Oct. 2022 (62.14) to Oct. 2023 (59.04). It may suggest that Collins Foods accelerated paying its suppliers.

Collins Foods Days Payable Historical Data

The historical data trend for Collins Foods'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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Collins Foods Days Payable Chart

Collins Foods Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

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57.28

55.67

53.86

57.51

53.61

Collins Foods Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Days Payable	Get a 7-Day Free Trial															62.25	56.31	62.14	48.84	59.04

Competitive Comparison of Collins Foods's Days Payable

For the Restaurants subindustry, Collins Foods'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.

Collins Foods's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Collins Foods's Days Payable distribution charts can be found below:

* The bar in red indicates where Collins Foods's Days Payable falls into.

Collins Foods 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.

Collins Foods's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (97.944	+	99.575)	/	2 )	/	672.345	*	365
=	98.7595					/	672.345	*	365
=	53.61

Collins Foods's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (99.575	+	121.942)	/	2 )	/	342.381	*	365 / 2
=	110.7585					/	342.381	*	365 / 2
=	59.04

Collins Foods Days Payable Related Terms

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Collins Foods (ASX:CKF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Collins Foods Ltd (ASX:CKF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CLLFF:USA

Address

485 Kingsford Smith Drive, Level 3, KSD1, Hamilton, QLD, AUS, 4007

Website

https://www.collinsfoods.com

Collins Foods is an operator of quick service restaurants, or QSRs. It franchises restaurant brands from U.S.-listed Yum Brands, including KFC in Australia, Germany, and the Netherlands, as well as Taco Bell in Australia. Most of its revenue and earnings are generated in Australia, where Collins is the largest franchisee of KFC, ahead of Restaurant Brands New Zealand.In the Netherlands, Collins has signed a corporate franchise agreement, giving it more control over development and oversight of the Dutch franchisee network.Earnings growth is underpinned by its store network expansion, both new restaurants and acquisitions of existing sites. Competitive pricing is key to maintaining share in the QSR market, and the company has generally increased at or below consumer price index growth.

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