COSOL (ASX:COS) Days Payable : 14.50 (As of Dec. 2023)

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What is COSOL Days Payable?

COSOL's average Accounts Payable for the six months ended in Dec. 2023 was A$2.62 Mil. COSOL's Cost of Goods Sold for the six months ended in Dec. 2023 was A$33.01 Mil. Hence, COSOL's Days Payable for the six months ended in Dec. 2023 was 14.50.

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

ASX:COS' s Days Payable Range Over the Past 10 Years
Min: 21.68 Med: 32.02 Max: 40.89
Current: 21.68

During the past 4 years, COSOL's highest Days Payable was 40.89. The lowest was 21.68. And the median was 32.02.

ASX:COS's Days Payable is ranked worse than
76.92% of 2526 companies
in the Software industry
Industry Median: 49.695 vs ASX:COS: 21.68

COSOL's Days Payable declined from Dec. 2022 (47.87) to Dec. 2023 (14.50). It may suggest that COSOL accelerated paying its suppliers.

COSOL Days Payable Historical Data

The historical data trend for COSOL'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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COSOL Days Payable Chart

COSOL Annual Data

Trend

Sep19

Jun21

Jun22

Jun23

Days Payable

30.07

40.89

32.02

COSOL Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			30.27	41.62	47.87	29.40	14.50

Competitive Comparison of COSOL's Days Payable

For the Information Technology Services subindustry, COSOL'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.

COSOL's Days Payable Distribution in the Software Industry

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

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

COSOL 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.

COSOL'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
=	( (5.089	+	3.383)	/	2 )	/	48.292	*	365
=	4.236					/	48.292	*	365
=	32.02

COSOL'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
=	( (3.383	+	1.862)	/	2 )	/	33.01	*	365 / 2
=	2.6225					/	33.01	*	365 / 2
=	14.50

COSOL Days Payable Related Terms

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COSOL (ASX:COS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » COSOL Ltd (ASX:COS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

490-500 Adelaide Street, Unit 1, Brisbane, QLD, AUS, 4000

Website

https://www.cosol.global

COSOL Ltd operates in the Information Technology(IT) and business services industry and provides EAM(enterprise asset management) related solutions and infrastructure-focused systems. It offers services such as digital business solutions which include business process and strategic reviews, implementation of enterprise resource planning (ERP)/EAM solutions, data migration, and ongoing support services to clients. The company's revenue is generated from EAM/ERP support services; data migration, and legacy data services. Its geographical segment includes COSOL Asia Pacific and COSOL North America. The company derives a majority of its revenue from the Asia Pacific region.

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