Nova Wellness Group Bhd (XKLS:0201) Days Payable : 108.74 (As of Dec. 2023)

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What is Nova Wellness Group Bhd Days Payable?

Nova Wellness Group Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM4.61 Mil. Nova Wellness Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM3.87 Mil. Hence, Nova Wellness Group Bhd's Days Payable for the three months ended in Dec. 2023 was 108.74.

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

XKLS:0201' s Days Payable Range Over the Past 10 Years
Min: 3.64 Med: 16.53 Max: 107.92
Current: 107.92

During the past 9 years, Nova Wellness Group Bhd's highest Days Payable was 107.92. The lowest was 3.64. And the median was 16.53.

XKLS:0201's Days Payable is ranked better than
83.95% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs XKLS:0201: 107.92

Nova Wellness Group Bhd's Days Payable declined from Dec. 2022 (144.11) to Dec. 2023 (108.74). It may suggest that Nova Wellness Group Bhd accelerated paying its suppliers.

Nova Wellness Group Bhd Days Payable Historical Data

The historical data trend for Nova Wellness Group Bhd'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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Nova Wellness Group Bhd Days Payable Chart

Nova Wellness Group Bhd Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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16.53

16.87

6.08

3.64

6.36

Nova Wellness Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															144.11	129.43	107.96	38.64	108.74

Competitive Comparison of Nova Wellness Group Bhd's Days Payable

For the Packaged Foods subindustry, Nova Wellness Group Bhd'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.

Nova Wellness Group Bhd's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nova Wellness Group Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Nova Wellness Group Bhd's Days Payable falls into.

Nova Wellness Group Bhd 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.

Nova Wellness Group Bhd'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
=	( (0.227	+	0.243)	/	2 )	/	13.478	*	365
=	0.235					/	13.478	*	365
=	6.36

Nova Wellness Group Bhd'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.089	+	6.123)	/	2 )	/	3.865	*	365 / 4
=	4.606					/	3.865	*	365 / 4
=	108.74

Nova Wellness Group Bhd Days Payable Related Terms

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Nova Wellness Group Bhd (XKLS:0201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nova Wellness Group Bhd (XKLS:0201) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 708, Nova Avenue, Sepang, Sungai Pelek, SGR, MYS, 43950

Website

https://www.nova.my

Nova Wellness Group Bhd is engaged in development, production and sale of nutraceutical products and skincare products and providing contact manufacture of nutraceutical products. Natural Supplements, Nova Kids, Nutritional Products, Health Foods, Medical Nutrition, Personal Care, Personal Protection, Gift Of Health and Aromatherapy. The company operates into two segments; House-brand products segment and contract manufacturing and service segment. Maximum revenue is generated from House-brand products segment.

Nova Wellness Group Bhd (XKLS:0201) Headlines

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