Channel Infrastructure NZ (NZSE:CHI) Days Payable : 637.39 (As of Dec. 2023)

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What is Channel Infrastructure NZ Days Payable?

Channel Infrastructure NZ's average Accounts Payable for the six months ended in Dec. 2023 was NZ$15.4 Mil. Channel Infrastructure NZ's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$4.4 Mil. Hence, Channel Infrastructure NZ's Days Payable for the six months ended in Dec. 2023 was 637.39.

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

NZSE:CHI' s Days Payable Range Over the Past 10 Years
Min: 86.93 Med: 137.11 Max: 1891.77
Current: 714.4

During the past 13 years, Channel Infrastructure NZ's highest Days Payable was 1891.77. The lowest was 86.93. And the median was 137.11.

NZSE:CHI's Days Payable is ranked better than
93.22% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs NZSE:CHI: 714.40

Channel Infrastructure NZ's Days Payable declined from Dec. 2022 (1,996.76) to Dec. 2023 (637.39). It may suggest that Channel Infrastructure NZ accelerated paying its suppliers.

Channel Infrastructure NZ Days Payable Historical Data

The historical data trend for Channel Infrastructure NZ'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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Channel Infrastructure NZ Days Payable Chart

Channel Infrastructure NZ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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86.93

97.46

88.67

1,891.77

665.38

Channel Infrastructure NZ 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															294.95	3,344.98	1,996.76	847.45	637.39

Competitive Comparison of Channel Infrastructure NZ's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Channel Infrastructure NZ'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.

Channel Infrastructure NZ's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Channel Infrastructure NZ's Days Payable distribution charts can be found below:

* The bar in red indicates where Channel Infrastructure NZ's Days Payable falls into.

Channel Infrastructure NZ 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.

Channel Infrastructure NZ'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
=	( (19.334	+	11.824)	/	2 )	/	8.546	*	365
=	15.579					/	8.546	*	365
=	665.38

Channel Infrastructure NZ'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
=	( (19.022	+	11.824)	/	2 )	/	4.416	*	365 / 2
=	15.423					/	4.416	*	365 / 2
=	637.39

Channel Infrastructure NZ Days Payable Related Terms

Thank you for viewing the detailed overview of Channel Infrastructure NZ's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Channel Infrastructure NZ (NZSE:CHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Channel Infrastructure NZ Ltd (NZSE:CHI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NZRFF:USA

Address

Private Bag 9024, Ruakaka, Whangarei, NTL, NZL, 0148

Website

https://www.channelnz.com

Channel Infrastructure NZ Ltd is an independent fuel infrastructure company. The company utilizes the deep-water harbour and jetty infrastructure at Marsden Point to receive, store and distribute imported refined fuel, which is owned by customers.

Channel Infrastructure NZ (NZSE:CHI) Headlines

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