PRO-PAC Packaging (ASX:PPG) Days Payable: 107.51 (As of Dec. 2024)


ASX:PPG PRO-PAC Packaging Ltd ASX:PPG
8 GF Score
Price A$0.02
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What is PRO-PAC Packaging Days Payable?

PRO-PAC Packaging ASX:PPG 8 Days Payable is 107.51 as of Dec. 2024. GuruFocus rates ASX:PPG with a GF Score™ of 8/100.

PRO-PAC Packaging's average Accounts Payable for the six months ended in Dec. 2024 was A$48.5 Mil. PRO-PAC Packaging's Cost of Goods Sold for the six months ended in Dec. 2024 was A$82.4 Mil. Hence, PRO-PAC Packaging's Days Payable for the six months ended in Dec. 2024 was 107.51.

The historical rank and industry rank for PRO-PAC Packaging's Days Payable or its related term are showing as below:

ASX:PPG's Days Payable is not ranked *
in the Packaging & Containers industry.
Industry Median: 57.265
* Ranked among companies with meaningful Days Payable only.

PRO-PAC Packaging's Days Payable increased from Dec. 2023 (86.24) to Dec. 2024 (107.51). It may suggest that PRO-PAC Packaging delayed paying its suppliers.

PRO-PAC Packaging Days Payable Historical Data

* Premium members only.

The historical data trend for PRO-PAC Packaging'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.

PRO-PAC Packaging Days Payable Chart

PRO-PAC Packaging Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.53 71.29 77.78 87.12 75.99

PRO-PAC Packaging Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 108.46 105.45 86.24 105.21 107.51

ASX:PPG vs IP, SW, AMCR: Days Payable Comparison

For the Packaging & Containers subindustry, PRO-PAC Packaging'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.

PRO-PAC Packaging Days Payable vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PRO-PAC Packaging's Days Payable distribution charts can be found below:

* The bar in red indicates where PRO-PAC Packaging's Days Payable falls into.


ASX:PPG
8GF Score
PRO-PAC Packaging Ltd ASX:PPG
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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PRO-PAC Packaging 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.

PRO-PAC Packaging'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
=( (32.409 + 37.203) / 2 ) / 167.188*365
=34.806 / 167.188*365
=75.99

PRO-PAC Packaging's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

Days Payable (Q: Dec. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (37.203 + 59.831) / 2 ) / 82.356*365 / 2
=48.517 / 82.356*365 / 2
=107.51

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 107.51 mean?
PRO-PAC Packaging (ASX:PPG) has a Days Payable of 107.51 as of Dec. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PRO-PAC Packaging and its competitors.
Is PRO-PAC Packaging's Days Payable too high?
PRO-PAC Packaging's current Days Payable is 107.51. The Packaging & Containers industry median Days Payable is 57.27. PRO-PAC Packaging's value of 107.51 is 87.7% above this industry median. Overall, PRO-PAC Packaging has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does PRO-PAC Packaging's Days Payable compare to IP and SW?
PRO-PAC Packaging's Days Payable of 107.51 can be compared against companies in the Packaging & Containers industry. The industry median Days Payable is 57.27. PRO-PAC Packaging's value of 107.51 is 87.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Packaging & Containers company?
The median Days Payable among Packaging & Containers companies is 57.27, based on 378 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PRO-PAC Packaging's current Days Payable of 107.51 is 87.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PRO-PAC Packaging and its competitors. For the Packaging & Containers industry, the median Days Payable is 57.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PRO-PAC Packaging's current Days Payable is 107.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PRO-PAC Packaging stock overvalued right now?
PRO-PAC Packaging (ASX:PPG) has a current Days Payable of 107.51. The current Days Payable is 107.51 and 87.7% above the Packaging & Containers industry median of 57.27. PRO-PAC Packaging's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For PRO-PAC Packaging (ASX:PPG), the current Days Payable is 107.51 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PRO-PAC Packaging Business Description

Address 83-85 Banbury Road, Reservoir, Melbourne, VIC, AUS, 3073
PRO-PAC Packaging Ltd is engaged in the manufacture and distribution of flexible, industrial, and rigid packaging products. The company's operating segment includes Flexibles; Specialty; and Unallocated. It generates maximum revenue from the Flexibles segment. The Flexibles packaging segment manufactures flexible packaging materials incorporating products such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and industrial protective films. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand.
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