Gallant Venture (SGX:5IG) Days Payable : 25.87 (As of Dec. 2023)

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What is Gallant Venture Days Payable?

Gallant Venture's average Accounts Payable for the six months ended in Dec. 2023 was S$8.4 Mil. Gallant Venture's Cost of Goods Sold for the six months ended in Dec. 2023 was S$59.5 Mil. Hence, Gallant Venture's Days Payable for the six months ended in Dec. 2023 was 25.87.

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

SGX:5IG' s Days Payable Range Over the Past 10 Years
Min: 19.87 Med: 41.45 Max: 637.24
Current: 24.43

During the past 13 years, Gallant Venture's highest Days Payable was 637.24. The lowest was 19.87. And the median was 41.45.

SGX:5IG's Days Payable is ranked worse than
90.06% of 493 companies
in the Utilities - Regulated industry
Industry Median: 66.38 vs SGX:5IG: 24.43

Gallant Venture's Days Payable increased from Dec. 2022 (25.30) to Dec. 2023 (25.87). It may suggest that Gallant Venture delayed paying its suppliers.

Gallant Venture Days Payable Historical Data

The historical data trend for Gallant Venture'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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Gallant Venture Days Payable Chart

Gallant Venture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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637.24

279.08

19.87

20.42

21.38

Gallant Venture 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															209.69	26.67	25.30	26.04	25.87

Competitive Comparison of Gallant Venture's Days Payable

For the Utilities - Diversified subindustry, Gallant Venture'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.

Gallant Venture's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gallant Venture's Days Payable distribution charts can be found below:

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

Gallant Venture 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.

Gallant Venture'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
=	( (6.261	+	7.23)	/	2 )	/	115.162	*	365
=	6.7455					/	115.162	*	365
=	21.38

Gallant Venture'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
=	( (9.629	+	7.23)	/	2 )	/	59.473	*	365 / 2
=	8.4295					/	59.473	*	365 / 2
=	25.87

Gallant Venture Days Payable Related Terms

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Gallant Venture (SGX:5IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gallant Venture Ltd (SGX:5IG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 HarbourFront Place, No. 16-01 HarbourFront Tower Two, Singapore, SGP, 099254

Website

http://www.gallantventure.com

Gallant Venture Ltd is an investment holding company. The company operates in different segments: Utilities, which is engaged in activities of provision of electricity and water supply, telecommunication services, and waste management services; Industrial parks, which is into the development, construction, operation, and maintenance of industrial properties; Resort operations, which are engaged in the provision of services to resort operation; and Property development, which is engaged in activities of developing industrial and resort properties. The majority is from the utilities segment. Geographically, the Group operates mainly in Indonesia.

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