Forge Group (ASX:FGE) Days Payable : 26.24 (As of Jun. 2013)

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What is Forge Group Days Payable?

Forge Group's average Accounts Payable for the six months ended in Jun. 2013 was A$47 Mil. Forge Group's Cost of Goods Sold for the six months ended in Jun. 2013 was A$656 Mil. Hence, Forge Group's Days Payable for the six months ended in Jun. 2013 was 13.12.

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

ASX:FGE's Days Payable is not ranked ^*
in the Construction industry.
Industry Median: 76.71
* Ranked among companies with meaningful Days Payable only.

Forge Group's Days Payable increased from Jun. 2011 (12.57) to Jun. 2013 (26.24). It may suggest that Forge Group delayed paying its suppliers.

Forge Group Days Payable Historical Data

The historical data trend for Forge 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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Forge Group Days Payable Chart

Forge Group Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Days Payable

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20.84

9.91

12.57

29.42

26.24

Forge Group Semi-Annual Data
	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Days Payable	Get a 7-Day Free Trial			20.84	9.91	12.57	29.42	26.24

Competitive Comparison of Forge Group's Days Payable

For the Engineering & Construction subindustry, Forge 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.

Forge Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Forge Group's Days Payable distribution charts can be found below:

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

Forge 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.

Forge Group's Days Payable for the fiscal year that ended in Jun. 2013 is calculated as

	Days Payable (A: Jun. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2012 )	+	Accounts Payable (A: Jun. 2013 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2013 )	*	Days in Period
=	( (49.416	+	44.954)	/	2 )	/	656.334	*	365
=	47.185					/	656.334	*	365
=	26.24

Forge Group's Days Payable for the quarter that ended in Jun. 2013 is calculated as:

	Days Payable (Q: Jun. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2012 )	+	Accounts Payable (Q: Jun. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2013 )	*	Days in Period
=	( (49.416	+	44.954)	/	2 )	/	656.334	*	365 / 2
=	47.185					/	656.334	*	365 / 2
=	13.12

Forge Group Days Payable Related Terms

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Forge Group (ASX:FGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Forge Group Ltd (ASX:FGE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.forgegroup.com.au

Forge Group Ltd provides construction, commercial building, engineering, maintenance and workshop fabrication services. Its operations are segmented into four areas - Minerals & Resources, Power, Construction and Asset Management. The Minerals & Resources segment provides a wide range of engineering, design and construction services for the mining and metals sector. The Power segment provides turnkey power generation solutions to the energy and utilities sectors. The Construction segment offers a suite of construction services that covers all disciplines including heavy civil, structural, mechanical, piping, tanks, electrical, instrumentation, and building. Further, the Asset Management segment offers various asset management services. The Company has operational footprints across Australia, North America, Africa and Asia.

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