Close The Loop (ASX:CLG) Days Payable : 54.21 (As of Dec. 2023)

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What is Close The Loop Days Payable?

Close The Loop's average Accounts Payable for the six months ended in Dec. 2023 was A$19.6 Mil. Close The Loop's Cost of Goods Sold for the six months ended in Dec. 2023 was A$65.8 Mil. Hence, Close The Loop's Days Payable for the six months ended in Dec. 2023 was 54.21.

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

ASX:CLG' s Days Payable Range Over the Past 10 Years
Min: 38.74 Med: 42.2 Max: 58.09
Current: 58.09

During the past 2 years, Close The Loop's highest Days Payable was 58.09. The lowest was 38.74. And the median was 42.20.

ASX:CLG's Days Payable is ranked worse than
57.59% of 224 companies
in the Waste Management industry
Industry Median: 75.725 vs ASX:CLG: 58.09

Close The Loop's Days Payable increased from Dec. 2022 (50.62) to Dec. 2023 (54.21). It may suggest that Close The Loop delayed paying its suppliers.

Close The Loop Days Payable Historical Data

The historical data trend for Close The Loop'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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Close The Loop Days Payable Chart

Close The Loop Annual Data

Trend

Jun22

Jun23

Days Payable

45.66

38.74

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	114.23	34.77	50.62	52.76	54.21

Competitive Comparison of Close The Loop's Days Payable

For the Waste Management subindustry, Close The Loop'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.

Close The Loop's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Close The Loop's Days Payable distribution charts can be found below:

* The bar in red indicates where Close The Loop's Days Payable falls into.

Close The Loop 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.

Close The Loop'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
=	( (6.142	+	12.612)	/	2 )	/	88.339	*	365
=	9.377					/	88.339	*	365
=	38.74

Close The Loop'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
=	( (12.612	+	26.501)	/	2 )	/	65.834	*	365 / 2
=	19.5565					/	65.834	*	365 / 2
=	54.21

Close The Loop Days Payable Related Terms

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Close The Loop (ASX:CLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (ASX:CLG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.closetheloop.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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