Good Spirits Hospitality (NZSE:GSH) Days Payable : 138.60 (As of Dec. 2023)

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What is Good Spirits Hospitality Days Payable?

Good Spirits Hospitality's average Accounts Payable for the six months ended in Dec. 2023 was NZ$1.44 Mil. Good Spirits Hospitality's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$1.90 Mil. Hence, Good Spirits Hospitality's Days Payable for the six months ended in Dec. 2023 was 138.60.

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

NZSE:GSH' s Days Payable Range Over the Past 10 Years
Min: 17.68 Med: 120.4 Max: 194.03
Current: 143.92

During the past 13 years, Good Spirits Hospitality's highest Days Payable was 194.03. The lowest was 17.68. And the median was 120.40.

NZSE:GSH's Days Payable is not ranked
in the Restaurants industry.
Industry Median: 38.19 vs NZSE:GSH: 143.92

Good Spirits Hospitality's Days Payable increased from Dec. 2022 (130.59) to Dec. 2023 (138.60). It may suggest that Good Spirits Hospitality delayed paying its suppliers.

Good Spirits Hospitality Days Payable Historical Data

The historical data trend for Good Spirits Hospitality'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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Good Spirits Hospitality Days Payable Chart

Good Spirits Hospitality Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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111.53

148.81

136.15

194.03

146.68

Good Spirits Hospitality 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															420.74	173.48	130.59	167.49	138.60

Competitive Comparison of Good Spirits Hospitality's Days Payable

For the Restaurants subindustry, Good Spirits Hospitality'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.

Good Spirits Hospitality's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Good Spirits Hospitality's Days Payable distribution charts can be found below:

* The bar in red indicates where Good Spirits Hospitality's Days Payable falls into.

Good Spirits Hospitality 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.

Good Spirits Hospitality'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
=	( (2.531	+	2.325)	/	2 )	/	6.042	*	365
=	2.428					/	6.042	*	365
=	146.68

Good Spirits Hospitality'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
=	( (2.325	+	0.561)	/	2 )	/	1.9	*	365 / 2
=	1.443					/	1.9	*	365 / 2
=	138.60

Good Spirits Hospitality Days Payable Related Terms

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Good Spirits Hospitality (NZSE:GSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Good Spirits Hospitality Ltd (NZSE:GSH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ascot Business Park, 95 Ascot Avenue, Ground Floor, Building B, Greenlane, Auckland, NZL, 1051

Website

https://www.goodspiritshospitality.co.nz

Good Spirits Hospitality Ltd is an Australian firm that mainly in the food and beverage and hospitality sectors within New Zealand. The firm business division includes Good Spirits Hospitality No.1.This business division segment includes the operations of a chain of eight bars based in Auckland and one based in Hamilton. It derives key revenue from Auckland.

Good Spirits Hospitality (NZSE:GSH) Headlines

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