AoFrio (NZSE:AOF) Days Payable : 110.30 (As of Dec. 2023)

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What is AoFrio Days Payable?

AoFrio's average Accounts Payable for the six months ended in Dec. 2023 was NZ$15.47 Mil. AoFrio's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$25.59 Mil. Hence, AoFrio's Days Payable for the six months ended in Dec. 2023 was 110.30.

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

NZSE:AOF' s Days Payable Range Over the Past 10 Years
Min: 86.17 Med: 121.86 Max: 144
Current: 137.75

During the past 13 years, AoFrio's highest Days Payable was 144.00. The lowest was 86.17. And the median was 121.86.

NZSE:AOF's Days Payable is ranked better than
74.52% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs NZSE:AOF: 137.75

AoFrio's Days Payable declined from Dec. 2022 (117.18) to Dec. 2023 (110.30). It may suggest that AoFrio accelerated paying its suppliers.

AoFrio Days Payable Historical Data

The historical data trend for AoFrio'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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AoFrio Days Payable Chart

AoFrio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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127.67

144.00

86.17

123.27

141.04

AoFrio Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															117.86	123.55	117.18	167.59	110.30

Competitive Comparison of AoFrio's Days Payable

For the Electrical Equipment & Parts subindustry, AoFrio'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.

AoFrio's Days Payable Distribution in the Industrial Products Industry

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

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

AoFrio 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.

AoFrio'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
=	( (21.787	+	14.198)	/	2 )	/	46.564	*	365
=	17.9925					/	46.564	*	365
=	141.04

AoFrio'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
=	( (16.735	+	14.198)	/	2 )	/	25.59	*	365 / 2
=	15.4665					/	25.59	*	365 / 2
=	110.30

AoFrio Days Payable Related Terms

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AoFrio (NZSE:AOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AoFrio Ltd (NZSE:AOF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Arrenway Drive, Rosedale, Auckland, NTL, NZL, 0632

Website

https://www.aofrio.com

AoFrio Ltd develops Internet of Things (IoT) solutions and manufactures, markets, and sells energy-saving, electronically commutated (EC) motors, connected controllers, and fans. The group is organized into two operating divisions - Motors and IoT. Geographically it is divided into three segments: the Americas, Asia Pacific, & Europe, the Middle East, and Africa, out of which the majority is from America. The Motors segment generates the vast majority of the revenues.

AoFrio (NZSE:AOF) Headlines

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