Ecofibre (ASX:EOF) Days Payable : 140.45 (As of Jun. 2024)

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What is Ecofibre Days Payable?

Ecofibre's average Accounts Payable for the six months ended in Jun. 2024 was A$4.67 Mil. Ecofibre's Cost of Goods Sold for the six months ended in Jun. 2024 was A$6.07 Mil. Hence, Ecofibre's Days Payable for the six months ended in Jun. 2024 was 140.45.

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

ASX:EOF' s Days Payable Range Over the Past 10 Years
Min: 27.22 Med: 50.2 Max: 145.42
Current: 142.04

During the past 6 years, Ecofibre's highest Days Payable was 145.42. The lowest was 27.22. And the median was 50.20.

ASX:EOF's Days Payable is ranked better than
73.63% of 952 companies
in the Drug Manufacturers industry
Industry Median: 85.205 vs ASX:EOF: 142.04

Ecofibre's Days Payable increased from Jun. 2023 (126.84) to Jun. 2024 (140.45). It may suggest that Ecofibre delayed paying its suppliers.

Ecofibre Days Payable Historical Data

The historical data trend for Ecofibre'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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Ecofibre Days Payable Chart

Ecofibre Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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27.22

50.70

49.70

87.08

145.42

Ecofibre Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial							72.54	97.51	126.84	140.27	140.45

Competitive Comparison of Ecofibre's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Ecofibre'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.

Ecofibre's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ecofibre's Days Payable distribution charts can be found below:

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

Ecofibre 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.

Ecofibre'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
=	( (5.113	+	4.75)	/	2 )	/	12.378	*	365
=	4.9315					/	12.378	*	365
=	145.42

Ecofibre's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (4.588	+	4.75)	/	2 )	/	6.067	*	365 / 2
=	4.669					/	6.067	*	365 / 2
=	140.45

Ecofibre Days Payable Related Terms

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Ecofibre Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ecofibre Ltd (ASX:EOF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EOFBF:USA

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.ecofibre.com

Ecofibre Ltd is a provider of hemp products in the United States and Australia. It is engaged in six segments based on differences in products and services provided: Ecofibre Advanced Technologies, Ananda Health, Ecofibre Genetics, Corporate, EOF Bio and Ananda Food. It derives maximum revenue from Ecofibre Advanced Technologies segment. Ecofibre Advanced Technologies involves Advanced manufacturing business with specialist capabilities in performance yarn extrusion, polymer compounding and textiles manufactured in the United States.

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