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DRSHF (Droneshield) Days Payable : 120.67 (As of Jun. 2024)


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What is Droneshield Days Payable?

Droneshield's average Accounts Payable for the six months ended in Jun. 2024 was $2.90 Mil. Droneshield's Cost of Goods Sold for the six months ended in Jun. 2024 was $4.39 Mil. Hence, Droneshield's Days Payable for the six months ended in Jun. 2024 was 120.67.

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

DRSHF' s Days Payable Range Over the Past 10 Years
Min: 38.22   Med: 105.83   Max: 190.67
Current: 70.89

During the past 8 years, Droneshield's highest Days Payable was 190.67. The lowest was 38.22. And the median was 105.83.

DRSHF's Days Payable is ranked better than
51.52% of 2409 companies
in the Hardware industry
Industry Median: 68.79 vs DRSHF: 70.89

Droneshield's Days Payable declined from Jun. 2023 (123.06) to Jun. 2024 (120.67). It may suggest that Droneshield accelerated paying its suppliers.

Droneshield Days Payable Historical Data

The historical data trend for Droneshield'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.

* Premium members only.

Droneshield Days Payable Chart

Droneshield Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 66.81 124.67 90.26 39.29 48.92

Droneshield Semi-Annual Data
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 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 127.41 37.70 123.06 43.41 120.67

Competitive Comparison of Droneshield's Days Payable

For the Computer Hardware subindustry, Droneshield'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.

Droneshield's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Droneshield's Days Payable distribution charts can be found below:

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


Droneshield 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.

Droneshield'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
=( (0.381 + 2.335) / 2 ) / 10.132*365
=1.358 / 10.132*365
=48.92

Droneshield'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
=( (2.335 + 3.473) / 2 ) / 4.392*365 / 2
=2.904 / 4.392*365 / 2
=120.67

* 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.

Droneshield Days Payable Related Terms

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Droneshield Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Droneshield Ltd (OTCPK:DRSHF) » Definitions » Days Payable
Comparable Companies
ASX:RKT ASX:T3D ANET DELL SZSE:002415 HPQ TPE:2382 TSE:7751 SHSE:688041 HKSE:00992 NTAP STX WDC SMCI XSWX:LOGN PSTG TPE:2395 TPE:6669 TPE:3231 TPE:2357
Traded in Other Exchanges
DRH:Germany DRO:Australia
Address
126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000
Website
https://www.droneshield.com
Droneshield Ltd develops and sells hardware and software for the detection of drones. The principal activity of the Company is the development, commercialisation and sales of hardware and software technology for drone detection and security. Its products include DroneGun Tactical, DroneCannon, DroneNode, and DroneShield Complete. The company provides its solutions to government and military, airports, commercial venues, prisons, and critical infrastructure. Its geographical segments are the United States and Australia.