Coats Group (NZSE:COA) Days Payable : 91.19 (As of Dec. 2023)

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What is Coats Group Days Payable?

Coats Group's average Accounts Payable for the six months ended in Dec. 2023 was NZ$355 Mil. Coats Group's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$710 Mil. Hence, Coats Group's Days Payable for the six months ended in Dec. 2023 was 91.19.

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

NZSE:COA' s Days Payable Range Over the Past 10 Years
Min: 62.94 Med: 77.71 Max: 93.85
Current: 77.88

During the past 13 years, Coats Group's highest Days Payable was 93.85. The lowest was 62.94. And the median was 77.71.

NZSE:COA's Days Payable is ranked better than
66.44% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.48 vs NZSE:COA: 77.88

Coats Group's Days Payable increased from Dec. 2022 (84.27) to Dec. 2023 (91.19). It may suggest that Coats Group delayed paying its suppliers.

Coats Group Days Payable Historical Data

The historical data trend for Coats 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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Coats Group Days Payable Chart

Coats Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.47

76.89

92.88

82.03

61.17

Coats 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															120.72	110.34	84.27	78.74	91.19

Competitive Comparison of Coats Group's Days Payable

For the Textile Manufacturing subindustry, Coats 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.

Coats Group's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Coats Group's Days Payable distribution charts can be found below:

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

Coats 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.

Coats Group'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
=	( (238.146	+	262.262)	/	2 )	/	1493.063	*	365
=	250.204					/	1493.063	*	365
=	61.17

Coats 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
=	( (447.272	+	262.262)	/	2 )	/	709.973	*	365 / 2
=	354.767					/	709.973	*	365 / 2
=	91.19

Coats Group Days Payable Related Terms

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Coats Group (NZSE:COA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Coats Group PLC (NZSE:COA) » Definitions » Days Payable

Traded in Other Exchanges

COAl:UK COA:UK

Address

Bridgwater Road, The Pavilions, Bristol, GBR, BS13 8FD

Website

https://www.coats.com

Coats Group PLC is a firm manufacturing thread for industrial and consumer use. Its products portfolio includes industrial thread and knitting yarns used in the apparel and footwear industry with a sales presence in over 100 countries. The company operates its business from across six continents which include Asia, America, Europe, the Middle East and Africa of which Asia accounts for the highest revenue.

Coats Group (NZSE:COA) Headlines

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