Korvest (ASX:KOV) Days Payable : 37.91 (As of Dec. 2023)

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What is Korvest Days Payable?

Korvest's average Accounts Payable for the six months ended in Dec. 2023 was A$6.5 Mil. Korvest's Cost of Goods Sold for the six months ended in Dec. 2023 was A$31.2 Mil. Hence, Korvest's Days Payable for the six months ended in Dec. 2023 was 37.91.

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

ASX:KOV' s Days Payable Range Over the Past 10 Years
Min: 22.11 Med: 29.12 Max: 43.36
Current: 39.79

During the past 13 years, Korvest's highest Days Payable was 43.36. The lowest was 22.11. And the median was 29.12.

ASX:KOV's Days Payable is ranked worse than
79.87% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs ASX:KOV: 39.79

Korvest's Days Payable increased from Dec. 2022 (35.33) to Dec. 2023 (37.91). It may suggest that Korvest delayed paying its suppliers.

Korvest Days Payable Historical Data

The historical data trend for Korvest'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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Korvest Days Payable Chart

Korvest Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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26.38

30.19

34.52

29.12

26.22

Korvest Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															37.05	38.70	35.33	35.03	37.91

Competitive Comparison of Korvest's Days Payable

For the Metal Fabrication subindustry, Korvest'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.

Korvest's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Korvest's Days Payable distribution charts can be found below:

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

Korvest 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.

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

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (5.148	+	4.679)	/	2 )	/	68.397	*	365
=	4.9135					/	68.397	*	365
=	26.22

Korvest'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
=	( (4.679	+	8.293)	/	2 )	/	31.222	*	365 / 2
=	6.486					/	31.222	*	365 / 2
=	37.91

Korvest Days Payable Related Terms

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Korvest (ASX:KOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Korvest Ltd (ASX:KOV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Prospect Road, Kilburn, Adelaide, SA, AUS, 5084

Website

https://www.korvest.com.au

Korvest Ltd is an Australia-based company principally engaged in the industrial products manufacturing business. The activities of the Company consist of hot dip galvanizing, sheet metal fabrication, and the manufacture of cable and pipe support systems and fittings. The group has two reportable segments: The industrial products segment includes the manufacture of electrical and cable support systems, steel fabrication, and access systems which also includes the sale, hire, and repair of high torque tools, and the production segment which provides hot dip galvanizing services. The company drives a majority of its revenue from the Industrial products segment.

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