Gtn (ASX:GTN) Days Payable : 46.20 (As of Jun. 2024)

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What is Gtn Days Payable?

Gtn's average Accounts Payable for the six months ended in Jun. 2024 was A$32.9 Mil. Gtn's Cost of Goods Sold for the six months ended in Jun. 2024 was A$130.0 Mil. Hence, Gtn's Days Payable for the six months ended in Jun. 2024 was 46.20.

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

ASX:GTN' s Days Payable Range Over the Past 10 Years
Min: 48.13 Med: 62.53 Max: 81.11
Current: 81.11

During the past 9 years, Gtn's highest Days Payable was 81.11. The lowest was 48.13. And the median was 62.53.

ASX:GTN's Days Payable is ranked worse than
50.75% of 930 companies
in the Media - Diversified industry
Industry Median: 83.56 vs ASX:GTN: 81.11

Gtn's Days Payable increased from Jun. 2023 (42.60) to Jun. 2024 (46.20). It may suggest that Gtn delayed paying its suppliers.

Gtn Days Payable Historical Data

The historical data trend for Gtn'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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Gtn Days Payable Chart

Gtn Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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67.59

60.47

56.24

59.35

64.05

Gtn Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial												41.33	-	42.60	-	46.20

Competitive Comparison of Gtn's Days Payable

For the Advertising Agencies subindustry, Gtn'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.

Gtn's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Gtn's Days Payable distribution charts can be found below:

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

Gtn 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.

Gtn'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
=	( (20.842	+	24.768)	/	2 )	/	129.96	*	365
=	22.805					/	129.96	*	365
=	64.05

Gtn'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
=	( (41.029	+	24.768)	/	2 )	/	129.96	*	365 / 2
=	32.8985					/	129.96	*	365 / 2
=	46.20

Gtn Days Payable Related Terms

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Gtn Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Gtn Ltd (ASX:GTN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Miller Street, Level 42, Northpoint, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.gtnetwork.com.au

Gtn Ltd is a marketing services company. The company operates broadcast media advertising platforms that supply traffic information reports to radio and/or television stations. The company offers advertising spots on television and radio networks, adjacent to information reports that listeners are typically engaged with traffic and news, as this content is of use to the consumer. Its advertising platform enables advertisers to reach audiences in Australia, Canada, the United Kingdom, and Brazil.