Harris Technology Group (ASX:HT8) Days Payable : 87.79 (As of Jun. 2024)

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What is Harris Technology Group Days Payable?

Harris Technology Group's average Accounts Payable for the six months ended in Jun. 2024 was A$2.60 Mil. Harris Technology Group's Cost of Goods Sold for the six months ended in Jun. 2024 was A$5.41 Mil. Hence, Harris Technology Group's Days Payable for the six months ended in Jun. 2024 was 87.79.

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

ASX:HT8' s Days Payable Range Over the Past 10 Years
Min: 41.18 Med: 63.96 Max: 211.51
Current: 80.19

During the past 13 years, Harris Technology Group's highest Days Payable was 211.51. The lowest was 41.18. And the median was 63.96.

ASX:HT8's Days Payable is ranked better than
66.51% of 1084 companies
in the Retail - Cyclical industry
Industry Median: 52.765 vs ASX:HT8: 80.19

Harris Technology Group's Days Payable declined from Jun. 2023 (91.53) to Jun. 2024 (87.79). It may suggest that Harris Technology Group accelerated paying its suppliers.

Harris Technology Group Days Payable Historical Data

The historical data trend for Harris Technology 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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Harris Technology Group Days Payable Chart

Harris Technology Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

Get a 7-Day Free Trial

85.30

58.07

55.17

69.84

73.38

Harris Technology Group Semi-Annual Data
	Dec14	Jun15	Dec15	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															66.98	67.75	91.53	80.08	87.79

Competitive Comparison of Harris Technology Group's Days Payable

For the Internet Retail subindustry, Harris Technology 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.

Harris Technology Group's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Harris Technology Group's Days Payable distribution charts can be found below:

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

Harris Technology 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.

Harris Technology Group'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
=	( (2.603	+	2.159)	/	2 )	/	11.844	*	365
=	2.381					/	11.844	*	365
=	73.38

Harris Technology Group'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
=	( (3.045	+	2.159)	/	2 )	/	5.409	*	365 / 2
=	2.602					/	5.409	*	365 / 2
=	87.79

Harris Technology Group Days Payable Related Terms

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Harris Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Harris Technology Group Ltd (ASX:HT8) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

124 Abbott Road, Hallam, Melbourne, VIC, AUS, 3803

Website

https://www.ht8.com.au

Harris Technology Group Ltd is engaged in selling and distribution of IT and Consumer Electronics. It also imports and distributes computer accessories comprising peripherals and accessories to resellers and retailers; and distributed audio, video, and multimedia accessories to channel distributors, dealers, and retail chain stores. With E-Commerce systems developed, Harris Technology has the ability to rapidly list a large variety of products across multiple marketplaces efficiently with multiple images, product specifications and item descriptions. Geographically, it operates in Australia.

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