CL8 Holdings (ASX:CL8) Days Payable: 707.34 (As of Dec. 2024)

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What is CL8 Holdings Days Payable?

CL8 Holdings ASX:CL8 Days Payable is 707.34 as of Dec. 2024.

CL8 Holdings's average Accounts Payable for the six months ended in Dec. 2024 was A$5.82 Mil. CL8 Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was A$1.50 Mil. Hence, CL8 Holdings's Days Payable for the six months ended in Dec. 2024 was 707.34.

The historical rank and industry rank for CL8 Holdings's Days Payable or its related term are showing as below:

ASX:CL8's Days Payable is not ranked *
in the Business Services industry.
Industry Median: 45.96
* Ranked among companies with meaningful Days Payable only.

CL8 Holdings's Days Payable increased from Dec. 2023 (146.82) to Dec. 2024 (707.34). It may suggest that CL8 Holdings delayed paying its suppliers.

CL8 Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for CL8 Holdings'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.

CL8 Holdings Days Payable Chart

CL8 Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 141.88 155.84 171.66 97.95 36.07

CL8 Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 359.66 167.09 146.82 116.09 707.34

ASX:CL8 vs URI, AER, FTAI: Days Payable Comparison

For the Rental & Leasing Services subindustry, CL8 Holdings'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.

CL8 Holdings Days Payable vs Business Services Industry

For the Business Services industry and Industrials sector, CL8 Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where CL8 Holdings's Days Payable falls into.


CL8 Holdings 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.

CL8 Holdings'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
=( (0.382 + 0.102) / 2 ) / 2.449*365
=0.242 / 2.449*365
=36.07

CL8 Holdings's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

Days Payable (Q: Dec. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (0.102 + 11.541) / 2 ) / 1.502*365 / 2
=5.8215 / 1.502*365 / 2
=707.34

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 707.34 mean?
CL8 Holdings (ASX:CL8) has a Days Payable of 707.34 as of Dec. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CL8 Holdings and its competitors.
Is CL8 Holdings' Days Payable too high?
CL8 Holdings' current Days Payable is 707.34. The Business Services industry median Days Payable is 45.96. CL8 Holdings' value of 707.34 is 1439% above this industry median.
How does CL8 Holdings' Days Payable compare to URI and AER?
CL8 Holdings' Days Payable of 707.34 can be compared against companies in the Business Services industry. The industry median Days Payable is 45.96. CL8 Holdings' value of 707.34 is 1439% above this benchmark. 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 Business Services company?
The median Days Payable among Business Services companies is 45.96, based on 946 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. CL8 Holdings's current Days Payable of 707.34 is 1439% 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 CL8 Holdings and its competitors. For the Business Services industry, the median Days Payable is 45.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CL8 Holdings's current Days Payable is 707.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CL8 Holdings stock overvalued right now?
CL8 Holdings (ASX:CL8) has a current Days Payable of 707.34. The current Days Payable is 707.34 and 1439% above the Business Services industry median of 45.96. 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 CL8 Holdings (ASX:CL8), the current Days Payable is 707.34 as of Dec. 2024. 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.

CL8 Holdings Business Description

Address 189 Kent Street, Suite 2, Level 3, Sydney, NSW, AUS, 2000
CL8 Holdings Ltd operates is an Australian online technology company engaged in the business of car subscription industry in Australia and New Zealand.