Tourism Holdings (NZSE:THL) Days Payable : 48.70 (As of Jun. 2024)

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What is Tourism Holdings Days Payable?

Tourism Holdings's average Accounts Payable for the six months ended in Jun. 2024 was NZ$55.7 Mil. Tourism Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was NZ$208.6 Mil. Hence, Tourism Holdings's Days Payable for the six months ended in Jun. 2024 was 48.70.

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

NZSE:THL' s Days Payable Range Over the Past 10 Years
Min: 30.87 Med: 79.81 Max: 124.12
Current: 48.37

During the past 13 years, Tourism Holdings's highest Days Payable was 124.12. The lowest was 30.87. And the median was 79.81.

NZSE:THL's Days Payable is ranked worse than
65.91% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 66.34 vs NZSE:THL: 48.37

Tourism Holdings's Days Payable increased from Jun. 2023 (45.79) to Jun. 2024 (48.70). It may suggest that Tourism Holdings delayed paying its suppliers.

Tourism Holdings Days Payable Historical Data

The historical data trend for Tourism Holdings'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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Tourism Holdings Days Payable Chart

Tourism Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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72.02

31.98

30.87

35.90

41.76

Tourism Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	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															50.00	70.41	45.79	55.41	48.70

Competitive Comparison of Tourism Holdings's Days Payable

For the Recreational Vehicles subindustry, Tourism Holdings'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.

Tourism Holdings's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tourism Holdings's Days Payable distribution charts can be found below:

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

Tourism Holdings 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.

Tourism Holdings's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (35.574	+	49.175)	/	2 )	/	370.403	*	365
=	42.3745					/	370.403	*	365
=	41.76

Tourism Holdings'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
=	( (62.143	+	49.175)	/	2 )	/	208.579	*	365 / 2
=	55.659					/	208.579	*	365 / 2
=	48.70

Tourism Holdings Days Payable Related Terms

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Tourism Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tourism Holdings Ltd (NZSE:THL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

UCH:Germany UCH:Germany THL:Australia

Address

83 Beach Road, Level 1, P.O. Box 4293, The Beach House, Auckland, NTL, NZL, 1010

Website

https://www.thlonline.com

Tourism Holdings Ltd is a New Zealand-based company engaged in the design, manufacture, rental, and sale of motorhomes and other tourism-related activities. The company operates in the following segments namely New Zealand Rentals; Action Manufacturing; Tourism Group; Australia Rentals; United States Rentals and other. It generates maximum revenue from United States Rentals segment. United States Rentals segment includes rental and sale of Road Bear, Britz, Mighty and El Monte RVs.

Tourism Holdings Headlines

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