Southern Cross Media Group (ASX:SXL) Days Payable : 87.16 (As of Dec. 2023)

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What is Southern Cross Media Group Days Payable?

Southern Cross Media Group's average Accounts Payable for the six months ended in Dec. 2023 was A$29.6 Mil. Southern Cross Media Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$62.0 Mil. Hence, Southern Cross Media Group's Days Payable for the six months ended in Dec. 2023 was 87.16.

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

ASX:SXL' s Days Payable Range Over the Past 10 Years
Min: 18.46 Med: 33.53 Max: 98.22
Current: 98.22

During the past 13 years, Southern Cross Media Group's highest Days Payable was 98.22. The lowest was 18.46. And the median was 33.53.

ASX:SXL's Days Payable is ranked better than
56.8% of 926 companies
in the Media - Diversified industry
Industry Median: 82.14 vs ASX:SXL: 98.22

Southern Cross Media Group's Days Payable increased from Dec. 2022 (73.83) to Dec. 2023 (87.16). It may suggest that Southern Cross Media Group delayed paying its suppliers.

Southern Cross Media Group Days Payable Historical Data

The historical data trend for Southern Cross Media 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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Southern Cross Media Group Days Payable Chart

Southern Cross Media Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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35.01

25.04

18.46

29.70

38.97

Southern Cross Media Group 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															82.22	83.83	73.83	85.07	87.16

Competitive Comparison of Southern Cross Media Group's Days Payable

For the Entertainment subindustry, Southern Cross Media 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.

Southern Cross Media Group's Days Payable Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Southern Cross Media Group's Days Payable falls into.

Southern Cross Media 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.

Southern Cross Media Group'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
=	( (9.938	+	16.994)	/	2 )	/	126.13	*	365
=	13.466					/	126.13	*	365
=	38.97

Southern Cross Media Group'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
=	( (16.994	+	42.201)	/	2 )	/	61.971	*	365 / 2
=	29.5975					/	61.971	*	365 / 2
=	87.16

Southern Cross Media Group Days Payable Related Terms

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Southern Cross Media Group (ASX:SXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Southern Cross Media Group Ltd (ASX:SXL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Moray Street, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.southerncrossaustereo.com.au

Southern Cross Media broadcasts television and radio content across Australia and generates revenue and earnings mainly from sales of airtime to advertisers. In metropolitan areas, it runs two radio networks (Hit and Triple M). In regional areas, the company runs a portfolio of radio stations and television stations. It is also investing in digital audio, which has fast-growing audiences.

Southern Cross Media Group (ASX:SXL) Headlines

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