Insights
NZX working capital comparison
Debtor days and inventory days across covered NZX companies, showing where cash is tied up in receivables or stock.
Last updated 21 April 2026
| Company | Ticker | Period | Debtor days | Inventory days | Combined | Change |
|---|---|---|---|---|---|---|
| Infratil | IFT | HY26 | — | 5959 | 5959 | — |
| Me Today | MEE | HY26 | 114 | 174 | 287 | -328 days |
| KMD Brands | KMD | HY26 | 20 | 229 | 249 | +130 days |
| Fletcher Building | FBU | HY26 | — | 246 | 246 | +114 days |
| Comvita | CVT | HY26 | 51 | 106 | 157 | — |
| Kiwi Property Group | KPG | HY26 | 13 | 131 | 144 | — |
| Skellerup Holdings | SKL | HY26 | 50 | 82 | 132 | — |
| Scott Technology | SCT | HY26 | 64 | 64 | 129 | -2 days |
| Fisher & Paykel Healthcare | FPH | HY26 | 43 | 56 | 99 | — |
| EBOS Group | EBO | HY26 | 45 | 36 | 81 | — |
| PGG Wrightson | PGW | HY26 | — | 74 | 74 | -25 days |
| Precinct Properties | PCT | HY26 | 13 | 58 | 71 | — |
| Genesis Energy | GNE | HY26 | 29 | 38 | 67 | — |
| EROAD | ERD | HY26 | 65 | — | 65 | — |
| The a2 Milk Company | ATM | HY26 | — | 62 | 62 | +23 days |
| Mercury NZ | MCY | HY26 | 44 | 11 | 55 | +0 days |
| Hallenstein Glasson | HLG | HY26 | 1 | 49 | 50 | -10 days |
| Briscoe Group | BGP | FY26 | 3 | 42 | 45 | -10 days |
| NZME | NZM | FY25 | 35 | 2 | 37 | -3 days |
| Oceania Healthcare | OCA | HY26 | 29 | — | 29 | — |
| Arvida Group | ARV | HY26 | 26 | — | 26 | — |
| Air New Zealand | AIR | HY26 | — | 18 | 18 | — |
| Contact Energy | CEN | HY26 | — | 17 | 17 | — |
| Spark New Zealand | SPK | HY26 | — | 12 | 12 | -37 days |
| Restaurant Brands New Zealand | RBD | HY25 | 6 | 4 | 11 | — |
| Ryman Healthcare | RYM | HY26 | 10 | 0 | 10 | — |
| Summerset Group Holdings | SUM | FY25 | 9 | — | 9 | — |
Editorial view
Working-capital pressure is one of the fastest ways for an earnings result to become a cash-quality problem. High combined debtor and inventory days are not automatically bad, but rising days explain why some companies report acceptable earnings while operating cash flow weakens.
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