Coventry Group (ASX:CYG) Days Payable : 88.82 (As of Dec. 2023)

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What is Coventry Group Days Payable?

Coventry Group's average Accounts Payable for the six months ended in Dec. 2023 was A$53.0 Mil. Coventry Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$108.9 Mil. Hence, Coventry Group's Days Payable for the six months ended in Dec. 2023 was 88.82.

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

ASX:CYG' s Days Payable Range Over the Past 10 Years
Min: 46.91 Med: 88.51 Max: 101.46
Current: 85.68

During the past 13 years, Coventry Group's highest Days Payable was 101.46. The lowest was 46.91. And the median was 88.51.

ASX:CYG's Days Payable is ranked better than
78.47% of 144 companies
in the Industrial Distribution industry
Industry Median: 53.645 vs ASX:CYG: 85.68

Coventry Group's Days Payable increased from Dec. 2022 (84.51) to Dec. 2023 (88.82). It may suggest that Coventry Group delayed paying its suppliers.

Coventry Group Days Payable Historical Data

The historical data trend for Coventry Group'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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Coventry Group Days Payable Chart

Coventry Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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101.46

93.39

92.05

91.39

85.63

Coventry Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															89.29	83.79	84.51	83.19	88.82

Competitive Comparison of Coventry Group's Days Payable

For the Industrial Distribution subindustry, Coventry Group'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.

Coventry Group's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Coventry Group's Days Payable distribution charts can be found below:

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

Coventry Group 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.

Coventry Group'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
=	( (48.875	+	52.217)	/	2 )	/	215.454	*	365
=	50.546					/	215.454	*	365
=	85.63

Coventry Group'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
=	( (52.217	+	53.828)	/	2 )	/	108.948	*	365 / 2
=	53.0225					/	108.948	*	365 / 2
=	88.82

Coventry Group Days Payable Related Terms

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Coventry Group (ASX:CYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Coventry Group Ltd (ASX:CYG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

235 Settlement Road, Thomastown, P.O. Box 526, Melbourne, VIC, AUS, 3074

Website

https://www.cgl.com.au

Coventry Group Ltd distributes and markets industrial products. The company operates through the following segments: Trade Distribution, and Fluid Systems. It generates maximum revenue from the Trade Distribution segment. The Trade Distribution segment includes the importation, distribution, and marketing of industrial fasteners, industrial hardware supplies and associated products and cabinet making hardware. Its Fluid Systems segment includes the design, manufacture, distribution, installation, and maintenance of lubrication and hydraulic fluid systems and hoses. Geographically, it derives a majority of revenue from Australia.

Coventry Group (ASX:CYG) Headlines

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