Nutritional Growth Solutions (ASX:NGS) Days Payable : 76.73 (As of Dec. 2023)

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What is Nutritional Growth Solutions Days Payable?

Nutritional Growth Solutions's average Accounts Payable for the six months ended in Dec. 2023 was A$0.78 Mil. Nutritional Growth Solutions's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1.85 Mil. Hence, Nutritional Growth Solutions's Days Payable for the six months ended in Dec. 2023 was 76.73.

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

ASX:NGS' s Days Payable Range Over the Past 10 Years
Min: 41.98 Med: 48.05 Max: 73.05
Current: 73.05

During the past 4 years, Nutritional Growth Solutions's highest Days Payable was 73.05. The lowest was 41.98. And the median was 48.05.

ASX:NGS's Days Payable is ranked better than
72.09% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs ASX:NGS: 73.05

Nutritional Growth Solutions's Days Payable declined from Dec. 2022 (115.12) to Dec. 2023 (76.73). It may suggest that Nutritional Growth Solutions accelerated paying its suppliers.

Nutritional Growth Solutions Days Payable Historical Data

The historical data trend for Nutritional Growth Solutions'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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Nutritional Growth Solutions Days Payable Chart

Nutritional Growth Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

71.49

42.38

53.71

41.98

Nutritional Growth Solutions Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			116.13	99.36	115.12	104.92	76.73

Competitive Comparison of Nutritional Growth Solutions's Days Payable

For the Packaged Foods subindustry, Nutritional Growth Solutions'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.

Nutritional Growth Solutions's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nutritional Growth Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Nutritional Growth Solutions's Days Payable falls into.

Nutritional Growth Solutions 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.

Nutritional Growth Solutions's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.36	+	0.376)	/	2 )	/	3.2	*	365
=	0.368					/	3.2	*	365
=	41.98

Nutritional Growth Solutions'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
=	( (1.183	+	0.376)	/	2 )	/	1.854	*	365 / 2
=	0.7795					/	1.854	*	365 / 2
=	76.73

Nutritional Growth Solutions Days Payable Related Terms

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Nutritional Growth Solutions (ASX:NGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nutritional Growth Solutions Ltd (ASX:NGS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hanechoshet Street, Yafo, Tel Aviv, ISR, 6971068

Website

https://www.ngsolutions.co

Nutritional Growth Solutions Ltd is engaged in the business of developing produces and selling clinically tested protein supplements for children. It offers protein shakes and other products to improve the height and weight of children. It generates its revenues through the sale of its products directly to customers. its brands include Horlicks, Healthy Heights, Pro Up, and Healthy Height China. Geographically it operates in the United States and the Rest of the World and the majority of its revenue comes from the united states.