Elsight (ASX:ELS) Days Payable : 126.85 (As of Dec. 2023)

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What is Elsight Days Payable?

Elsight's average Accounts Payable for the six months ended in Dec. 2023 was A$0.61 Mil. Elsight's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.87 Mil. Hence, Elsight's Days Payable for the six months ended in Dec. 2023 was 126.85.

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

ASX:ELS' s Days Payable Range Over the Past 10 Years
Min: 43 Med: 67.44 Max: 145.29
Current: 145.29

During the past 7 years, Elsight's highest Days Payable was 145.29. The lowest was 43.00. And the median was 67.44.

ASX:ELS's Days Payable is ranked better than
83.76% of 2426 companies
in the Hardware industry
Industry Median: 68.08 vs ASX:ELS: 145.29

Elsight's Days Payable declined from Dec. 2022 (293.45) to Dec. 2023 (126.85). It may suggest that Elsight accelerated paying its suppliers.

Elsight Days Payable Historical Data

The historical data trend for Elsight'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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Elsight Days Payable Chart

Elsight Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.44

67.35

74.69

68.99

43.00

Elsight Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial									117.75	269.14	293.45	469.34	126.85

Competitive Comparison of Elsight's Days Payable

For the Communication Equipment subindustry, Elsight'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.

Elsight's Days Payable Distribution in the Hardware Industry

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

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

Elsight 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.

Elsight's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.095	+	0.163)	/	2 )	/	1.095	*	365
=	0.129					/	1.095	*	365
=	43.00

Elsight'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
=	( (1.052	+	0.163)	/	2 )	/	0.874	*	365 / 2
=	0.6075					/	0.874	*	365 / 2
=	126.85

Elsight Days Payable Related Terms

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Elsight (ASX:ELS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elsight Ltd (ASX:ELS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 Collins Street, Level 7, Melbourne, VIC, AUS, 3000

Website

https://www.elsight.com

Elsight Ltd is engaged in the development and commercialization of Halo in the UAV market. Elsight's Halo provides BVLOS (Beyond the Visual Line of Sight) connectivity for drones, UAVs, and other unmanned/uncrewed systems on-air and on land.