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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 3 June 2026

Inventory days trend

Inventory-day movement where companies disclose enough detail; values above 1,000 days are omitted from the chart.

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FY22 AIR: Outside range high inventory days. 13d; 3-period range 7d to 9d. Inventory days: 13.1 days, above normal range; 3-period mean 7.6 days, range 6.9 days-8.9 days.
FY23 AIR: Outside range low inventory days. 7d; 3-period range 7d to 13d. Inventory days: 6.9 days, below normal range; 3-period mean 9.7 days, range 7.1 days-13.1 days.
FY21 AOF: Outside range low inventory days. 26d; 3-period range 28d to 44d. Inventory days: 26.1 days, below normal range; 3-period mean 35.3 days, range 28.4 days-43.6 days.
FY22 AOF: Outside range high inventory days. 44d; 3-period range 26d to 34d. Inventory days: 43.6 days, above normal range; 3-period mean 29.4 days, range 26.1 days-33.8 days.
FY25 BLT: Outside range low inventory days. 21d; 3-period range 23d to 40d. Inventory days: 21.0 days, below normal range; 3-period mean 29.5 days, range 22.8 days-39.6 days.
FY26 BLT: Outside range high inventory days. 40d; 3-period range 21d to 26d. Inventory days: 39.6 days, above normal range; 3-period mean 23.3 days, range 21.0 days-26.2 days.
FY22 BRW: Outside range low inventory days. 104d; 4-period range 116d to 225d. Inventory days: 104.2 days, below normal range; 4-period mean 171.1 days, range 115.5 days-224.6 days.
FY23 BRW: Unprecedented high inventory days. 225d; 4-period range 104d to 211d. Inventory days: 224.6 days, unprecedented high; 4-period mean 141.0 days, range 104.2 days-210.7 days.
HY22 BGP: Outside range low inventory days. 51d; 3-period range 52d to 56d. Inventory days: 51.3 days, below normal range; 3-period mean 53.3 days, range 52.0 days-55.9 days.
HY23 BGP: Outside range high inventory days. 56d; 3-period range 51d to 52d. Inventory days: 55.9 days, above normal range; 3-period mean 51.8 days, range 51.3 days-52.0 days.
HY22 BFG: Unprecedented high inventory days. 13d; 4-period range 8d to 12d. Inventory days: 13.3 days, unprecedented high; 4-period mean 9.7 days, range 7.7 days-12.1 days.
HY24 BFG: Unprecedented low inventory days. 8d; 4-period range 9d to 13d. Inventory days: 7.7 days, unprecedented low; 4-period mean 11.1 days, range 9.0 days-13.3 days.
HY22 CHI: Outside range high inventory days. 32d; 3-period range 13d to 16d. Inventory days: 31.6 days, above normal range; 3-period mean 14.4 days, range 13.4 days-15.7 days.
HY25 CHI: Outside range low inventory days. 13d; 3-period range 14d to 32d. Inventory days: 13.4 days, below normal range; 3-period mean 20.5 days, range 14.1 days-31.6 days.
HY23 FPH: Outside range high inventory days. 105d; 3-period range 56d to 82d. Inventory days: 105.0 days, above normal range; 3-period mean 67.2 days, range 56.3 days-81.6 days.
HY26 FPH: Outside range low inventory days. 56d; 3-period range 64d to 105d. Inventory days: 56.3 days, below normal range; 3-period mean 83.4 days, range 63.7 days-105.0 days.
FY22 FBU: Outside range low inventory days. 65d; 4-period range 66d to 99d. Inventory days: 64.7 days, below normal range; 4-period mean 85.9 days, range 65.5 days-99.5 days.
HY25 FBU: Outside range low inventory days. 69d; 3-period range 72d to 122d. Inventory days: 68.7 days, below normal range; 3-period mean 97.0 days, range 72.4 days-122.5 days.
FY25 FBU: Outside range high inventory days. 100d; 4-period range 65d to 90d. Inventory days: 99.5 days, above normal range; 4-period mean 77.2 days, range 64.7 days-89.7 days.
HY26 FBU: Outside range high inventory days. 123d; 3-period range 69d to 96d. Inventory days: 122.5 days, above normal range; 3-period mean 79.0 days, range 68.7 days-96.0 days.
HY25 GNE: Outside range low inventory days. 18d; 3-period range 22d to 38d. Inventory days: 18.3 days, below normal range; 3-period mean 32.4 days, range 22.2 days-37.7 days.
HY26 GNE: Outside range high inventory days. 38d; 3-period range 18d to 37d. Inventory days: 37.7 days, above normal range; 3-period mean 25.9 days, range 18.3 days-37.2 days.
HY23 GXH: Outside range low inventory days. 17d; 3-period range 23d to 24d. Inventory days: 16.6 days, below normal range; 3-period mean 23.5 days, range 23.2 days-23.8 days.
HY24 GXH: Outside range high inventory days. 24d; 3-period range 17d to 23d. Inventory days: 23.8 days, above normal range; 3-period mean 21.1 days, range 16.6 days-23.4 days.
HY22 HLG: Outside range high inventory days. 24d; 4-period range 19d to 23d. Inventory days: 23.9 days, above normal range; 4-period mean 20.5 days, range 18.6 days-23.2 days.
FY22 HLG: Unprecedented high inventory days. 35d; 4-period range 23d to 29d. Inventory days: 34.8 days, unprecedented high; 4-period mean 26.0 days, range 23.0 days-29.0 days.
HY24 HLG: Outside range low inventory days. 19d; 4-period range 19d to 24d. Inventory days: 18.6 days, below normal range; 4-period mean 21.8 days, range 19.3 days-23.9 days.
FY24 HLG: Outside range low inventory days. 23d; 4-period range 24d to 35d. Inventory days: 23.0 days, below normal range; 4-period mean 28.9 days, range 24.3 days-34.8 days.
FY23 IKE: Outside range low inventory days. 29d; 4-period range 35d to 182d. Inventory days: 29.3 days, below normal range; 4-period mean 88.2 days, range 35.3 days-182.4 days.
HY24 IKE: Outside range high inventory days. 73d; 3-period range 19d to 39d. Inventory days: 73.4 days, above normal range; 3-period mean 26.5 days, range 18.8 days-39.3 days.
HY25 IKE: Outside range low inventory days. 19d; 3-period range 22d to 73d. Inventory days: 18.8 days, below normal range; 3-period mean 44.7 days, range 21.5 days-73.4 days.
FY26 IKE: Unprecedented high inventory days. 182d; 4-period range 29d to 90d. Inventory days: 182.4 days, unprecedented high; 4-period mean 49.9 days, range 29.3 days-89.9 days.
HY22 IFT: Outside range low inventory days. 1d; 3-period range 4d to 8d. Inventory days: 0.7 days, below normal range; 3-period mean 5.9 days, range 3.9 days-8.1 days.
HY24 IFT: Outside range high inventory days. 8d; 3-period range 1d to 6d. Inventory days: 8.1 days, above normal range; 3-period mean 3.5 days, range 0.7 days-5.9 days.
FY22 LIC: Outside range low inventory days. 15d; 3-period range 20d to 27d. Inventory days: 15.3 days, below normal range; 3-period mean 24.3 days, range 19.9 days-27.2 days.
FY24 LIC: Outside range high inventory days. 27d; 3-period range 15d to 26d. Inventory days: 27.2 days, above normal range; 3-period mean 20.3 days, range 15.3 days-25.7 days.
HY26 MEE: Unprecedented low inventory days. 174d; 4-period range 655d to 1,658d. Inventory days: 173.7 days, unprecedented low; 4-period mean 1060.6 days, range 655.3 days-1658.2 days.
FY21 MCY: Outside range low inventory days. 4d; 3-period range 12d to 16d. Inventory days: 4.3 days, below normal range; 3-period mean 13.7 days, range 12.2 days-15.7 days.
FY22 MCY: Outside range high inventory days. 16d; 3-period range 4d to 13d. Inventory days: 15.7 days, above normal range; 3-period mean 9.9 days, range 4.3 days-13.1 days.
HY22 MPG: Unprecedented low inventory days. 34d; 4-period range 40d to 44d. Inventory days: 34.1 days, unprecedented low; 4-period mean 42.7 days, range 40.2 days-44.3 days.
FY23 MPG: Outside range high inventory days. 44d; 4-period range 39d to 44d. Inventory days: 44.1 days, above normal range; 4-period mean 41.6 days, range 39.1 days-43.5 days.
FY24 MPG: Unprecedented low inventory days. 39d; 4-period range 42d to 44d. Inventory days: 39.1 days, unprecedented low; 4-period mean 42.9 days, range 41.5 days-44.1 days.
HY26 MPG: Outside range high inventory days. 44d; 4-period range 34d to 43d. Inventory days: 44.3 days, above normal range; 4-period mean 40.1 days, range 34.1 days-43.1 days.
HY24 MHJ: Outside range high inventory days. 110d; 3-period range 99d to 108d. Inventory days: 110.4 days, above normal range; 3-period mean 102.0 days, range 99.1 days-107.7 days.
HY26 MHJ: Outside range low inventory days. 99d; 3-period range 99d to 110d. Inventory days: 99.1 days, below normal range; 3-period mean 105.8 days, range 99.3 days-110.4 days.
HY21 MCK: Unprecedented low inventory days. 2d; 4-period range 3d to 4d. Inventory days: 2.2 days, unprecedented low; 4-period mean 3.5 days, range 2.7 days-4.2 days.
HY23 MCK: Outside range high inventory days. 4d; 4-period range 2d to 4d. Inventory days: 4.2 days, above normal range; 4-period mean 3.0 days, range 2.2 days-3.7 days.
FY24 MCK: Outside range high inventory days. 4d; 3-period range 2d to 3d. Inventory days: 3.7 days, above normal range; 3-period mean 2.6 days, range 2.0 days-2.9 days.
FY25 MCK: Outside range low inventory days. 2d; 3-period range 3d to 4d. Inventory days: 2.0 days, below normal range; 3-period mean 3.1 days, range 2.8 days-3.7 days.
FY22 MFB: Outside range high inventory days. 5d; 4-period range 1d to 5d. Inventory days: 4.9 days, above normal range; 4-period mean 2.9 days, range 0.9 days-4.5 days.
FY25 MFB: Unprecedented low inventory days. 1d; 4-period range 2d to 5d. Inventory days: 0.9 days, unprecedented low; 4-period mean 3.9 days, range 1.8 days-4.9 days.
HY25 NZK: Outside range high inventory days. 64d; 3-period range 38d to 53d. Inventory days: 63.6 days, above normal range; 3-period mean 44.2 days, range 38.2 days-53.3 days.
HY26 NZK: Outside range low inventory days. 38d; 3-period range 41d to 64d. Inventory days: 38.2 days, below normal range; 3-period mean 52.6 days, range 41.0 days-63.6 days.

Operating working-capital movement

Largest latest working-capital absorption or release across companies with enough history. Positive values are working-capital build; negative values are release.

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HY23 FBU: Unprecedented low operating working-capital movement. $79m; 4-period range $409m to $1,629m. Operating working-capital movement: NZ$79.0m, unprecedented low; 4/4 prior periods had builds averaging NZ$1093.5m, and none had a working-capital release.
FY23 FBU: Unprecedented high operating working-capital movement. $949m; 4-period range $-473m to $129m. Operating working-capital movement: NZ$949.0m, unprecedented high; 2/4 prior periods had builds averaging NZ$70.0m, and 2 had releases averaging NZ$-249.0m.
HY24 FBU: Outside range high operating working-capital movement. $1,629m; 4-period range $79m to $1,524m. Operating working-capital movement: NZ$1629.0m, above normal range; 4/4 prior periods had builds averaging NZ$706.0m, and none had a working-capital release.
FY24 FBU: Outside range low operating working-capital movement. $-473m; 4-period range $-25m to $949m. Operating working-capital movement: NZ$-473.0m, below normal range; 3/4 prior periods had builds averaging NZ$363.0m, and 1 had releases averaging NZ$-25.0m.
FY22 AIR: Outside range low operating working-capital movement. $6m; 3-period range $12m to $33m. Operating working-capital movement: NZ$6.0m, below normal range; 3/3 prior periods had builds averaging NZ$22.0m, and none had a working-capital release.
HY23 AIR: Outside range high operating working-capital movement. $150m; 3-period range $-524m to $97m. Operating working-capital movement: NZ$150.0m, above normal range; 2/3 prior periods had builds averaging NZ$78.0m, and 1 had releases averaging NZ$-524.0m.
FY25 AIR: Outside range high operating working-capital movement. $33m; 3-period range $6m to $21m. Operating working-capital movement: NZ$33.0m, above normal range; 3/3 prior periods had builds averaging NZ$13.0m, and none had a working-capital release.
HY26 AIR: Outside range low operating working-capital movement. $-524m; 3-period range $59m to $150m. Operating working-capital movement: NZ$-524.0m, below normal range; 3/3 prior periods had builds averaging NZ$102.0m, and none had a working-capital release.
FY21 VCT: Outside range low operating working-capital movement. $-73.4m; 4-period range $-50.2m to $50.2m. Operating working-capital movement: NZ$-73.4m, below normal range; 2/4 prior periods had builds averaging NZ$42.4m, and 2 had releases averaging NZ$-42.3m.
FY24 VCT: Unprecedented high operating working-capital movement. $50.2m; 4-period range $-73.4m to $34.5m. Operating working-capital movement: NZ$50.2m, unprecedented high; 1/4 prior periods had builds averaging NZ$34.5m, and 3 had releases averaging NZ$-52.7m.
HY25 VCT: Unprecedented high operating working-capital movement. $27.7m; 4-period range $-177.4m to $-98.6m. Operating working-capital movement: NZ$27.7m, unprecedented high; 0/4 prior periods had builds, and 4 had releases averaging NZ$-118.9m.
HY26 VCT: Outside range low operating working-capital movement. $-177.4m; 4-period range $-100.7m to $27.7m. Operating working-capital movement: NZ$-177.4m, below normal range; 1/4 prior periods had builds averaging NZ$27.7m, and 3 had releases averaging NZ$-99.4m.
HY24 GNE: Outside range low operating working-capital movement. $-424.2m; 3-period range $-360.4m to $160.7m. Operating working-capital movement: NZ$-424.2m, below normal range; 2/3 prior periods had builds averaging NZ$95.1m, and 1 had releases averaging NZ$-360.4m.
HY26 GNE: Outside range high operating working-capital movement. $160.7m; 3-period range $-424.2m to $29.5m. Operating working-capital movement: NZ$160.7m, above normal range; 1/3 prior periods had builds averaging NZ$29.5m, and 2 had releases averaging NZ$-392.3m.
HY23 SCL: Outside range high operating working-capital movement. $104.7m; 3-period range $-9.1m to $6.3m. Operating working-capital movement: NZ$104.7m, above normal range; 1/3 prior periods had builds averaging NZ$6.3m, and 2 had releases averaging NZ$-7.0m.
FY23 SCL: Outside range low operating working-capital movement. $-23.7m; 4-period range $7.9m to $120.1m. Operating working-capital movement: NZ$-23.7m, below normal range; 4/4 prior periods had builds averaging NZ$40.4m, and none had a working-capital release.
HY25 SCL: Outside range low operating working-capital movement. $-9.1m; 3-period range $-4.9m to $104.7m. Operating working-capital movement: NZ$-9.1m, below normal range; 2/3 prior periods had builds averaging NZ$55.5m, and 1 had releases averaging NZ$-4.9m.
FY25 SCL: Unprecedented high operating working-capital movement. $120.1m; 4-period range $-23.7m to $25.2m. Operating working-capital movement: NZ$120.1m, unprecedented high; 3/4 prior periods had builds averaging NZ$13.8m, and 1 had releases averaging NZ$-23.7m.
FY22 MFT: Unprecedented high operating working-capital movement. $316.4m; 4-period range $-186.1m to $107.5m. Operating working-capital movement: NZ$316.4m, unprecedented high; 2/4 prior periods had builds averaging NZ$66.7m, and 2 had releases averaging NZ$-95.3m.
FY23 MFT: Unprecedented low operating working-capital movement. $-186.1m; 4-period range $-4.6m to $316.4m. Operating working-capital movement: NZ$-186.1m, unprecedented low; 3/4 prior periods had builds averaging NZ$149.9m, and 1 had releases averaging NZ$-4.6m.
HY23 SML: Outside range high operating working-capital movement. $132.2m; 5-period range $-151.5m to $76.6m. Operating working-capital movement: NZ$132.2m, above normal range; 3/5 prior periods had builds averaging NZ$46.4m, and 2 had releases averaging NZ$-111.1m.
HY24 SML: Unprecedented low operating working-capital movement. $-151.5m; 5-period range $-70.8m to $132.2m. Operating working-capital movement: NZ$-151.5m, unprecedented low; 4/5 prior periods had builds averaging NZ$67.9m, and 1 had releases averaging NZ$-70.8m.

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NZX working capital comparison table
Company	Ticker	Period	Debtor days	Inventory days	Combined	Change
Rakon	RAK	HY26	183	190	373	-8 days
Bremworth	BRW	FY26	90Unprecedented high debtor days. 90d; 4-period range 47d to 82d. Debtor days: 90.2 days, unprecedented high; 4-period mean 56.2 days, range 46.7 days-81.9 days.	211	301	+137 days
ArborGen Holdings	ARB	FY26	64	225	289	—
Me Today	MEE	HY26	114	174Unprecedented low inventory days. 174d; 4-period range 655d to 1,658d. Inventory days: 173.7 days, unprecedented low; 4-period mean 1060.6 days, range 655.3 days-1658.2 days.	287	-327 days
Truscreen Group	TRU	FY26	154	99	253	+42 days
ikeGPS Group	IKE	FY26	58Outside range low debtor days. 58d; 4-period range 59d to 103d. Debtor days: 58.1 days, below normal range; 4-period mean 80.2 days, range 59.0 days-102.9 days.	182Unprecedented high inventory days. 182d; 4-period range 29d to 90d. Inventory days: 182.4 days, unprecedented high; 4-period mean 49.9 days, range 29.3 days-89.9 days.	241	+200 days
Delegat Group	DGL	HY26	61	145	206	-5 days
Vulcan Steel	VSL	HY25	53	134	187	—
AoFrio	AOF	FY22	125Outside range high debtor days. 125d; 3-period range 76d to 94d. Debtor days: 124.7 days, above normal range; 3-period mean 84.0 days, range 76.2 days-93.8 days.	44Outside range high inventory days. 44d; 3-period range 26d to 34d. Inventory days: 43.6 days, above normal range; 3-period mean 29.4 days, range 26.1 days-33.8 days.	168	+48 days
Fletcher Building	FBU	HY26	44	122Outside range high inventory days. 123d; 3-period range 69d to 96d. Inventory days: 122.5 days, above normal range; 3-period mean 79.0 days, range 68.7 days-96.0 days.	167	+35 days
Comvita	CVT	HY26	51	105	157	-166 days
AFC Group Holdings	AFC	FY25	—	150	150	-756 days
The Colonial Motor Company	CMO	HY26	—	146	146	+58 days
Steel & Tube Holdings	STU	HY26	47	100	146	-14 days
Synlait Milk	SML	HY26	47Outside range high debtor days. 47d; 4-period range 0d to 36d. Debtor days: 46.6 days, above normal range; 4-period mean 17.5 days, range 0.0 days-36.1 days.	99	146	+41 days
Rua Bioscience	RUA	HY26	51	93	144	+25 days
Kiwi Property Group	KPG	FY26	11Outside range low debtor days. 11d; 4-period range 12d to 17d. Debtor days: 11.1 days, below normal range; 4-period mean 14.1 days, range 12.1 days-17.5 days.	132	144	0 days
PGG Wrightson	PGW	HY26	105	37	142	+56 days
Skellerup Holdings	SKL	HY26	50	82	132	-4 days
Sanford	SAN	HY26	55	76	132	+35 days
The Warehouse Group	WHS	FY25	9	121	130	+69 days
Precinct Properties	PCT	HY26	13	116	129	+117 days
Scott Technology	SCT	HY26	64Unprecedented high debtor days. 64d; 4-period range 46d to 60d. Debtor days: 64.4 days, unprecedented high; 4-period mean 51.7 days, range 46.4 days-60.2 days.	64Unprecedented high inventory days. 64d; 4-period range 44d to 55d. Inventory days: 64.4 days, unprecedented high; 4-period mean 48.3 days, range 43.8 days-55.4 days.	129	-2 days
KMD Brands	KMD	HY26	20	99	119	-9 days
Pacific Edge	PEB	HY26	—	119	119	+45 days
Freightways Group	FRW	HY26	102	7	108	+105 days
Michael Hill International	MHJ	HY26	0Outside range low debtor days. 0d; 3-period range 7d to 10d. Debtor days: 0.0 days, below normal range; 3-period mean 8.0 days, range 7.2 days-9.6 days.	99Outside range low inventory days. 99d; 3-period range 99d to 110d. Inventory days: 99.1 days, below normal range; 3-period mean 105.8 days, range 99.3 days-110.4 days.	99	-16 days
Fisher & Paykel Healthcare	FPH	FY26	45	52	97	-2 days
Metro Performance Glass	MPG	FY26	52	42	94	-2 days
BLIS Technologies	BLT	FY26	51	40Outside range high inventory days. 40d; 3-period range 21d to 26d. Inventory days: 39.6 days, above normal range; 3-period mean 23.3 days, range 21.0 days-26.2 days.	90	-34 days
Templeton Emerging Markets Investment Trust Plc	TEM	HY24	85	—	85	+33 days
Livestock Improvement Corporation	LIC	HY26	83	—	83	+11 days
EBOS Group	EBO	HY26	45	36	81	+1 days
Sky Network Television	SKT	HY26	10	71	81	+28 days
Tourism Holdings	THL	HY26	18	61	78	+5 days
Scales Corporation	SCL	FY25	26Unprecedented high debtor days. 26d; 4-period range 17d to 24d. Debtor days: 25.8 days, unprecedented high; 4-period mean 19.6 days, range 16.5 days-23.7 days.	49Unprecedented high inventory days. 49d; 4-period range 16d to 25d. Inventory days: 48.5 days, unprecedented high; 4-period mean 20.2 days, range 15.6 days-25.1 days.	74	+58 days
New Zealand King Salmon Investments	NZK	HY26	30Outside range high debtor days. 30d; 3-period range 23d to 28d. Debtor days: 29.7 days, above normal range; 3-period mean 26.1 days, range 23.4 days-28.1 days.	38Outside range low inventory days. 38d; 3-period range 41d to 64d. Inventory days: 38.2 days, below normal range; 3-period mean 52.6 days, range 41.0 days-63.6 days.	68	+4 days
Cooks Coffee Company	CCC	FY26	68Outside range low debtor days. 68d; 3-period range 72d to 134d. Debtor days: 67.5 days, below normal range; 3-period mean 93.3 days, range 72.4 days-134.3 days.	—	68	-67 days
Genesis Energy	GNE	HY26	29	38Outside range high inventory days. 38d; 3-period range 18d to 37d. Inventory days: 37.7 days, above normal range; 3-period mean 25.9 days, range 18.3 days-37.2 days.	67	+31 days
Vista Group International	VGL	FY25	67	—	67	-1 days
T&G Global Limited and subsidiary companies	TGG	FY25	49	12Outside range low inventory days. 12d; 3-period range 15d to 18d. Inventory days: 12.1 days, below normal range; 3-period mean 17.1 days, range 15.1 days-18.5 days.	61	-26 days
Gentrack Group Limited 6 months to 31 March 2026	GTK	HY26	57	1	58	+11 days
Mercury NZ	MCY	HY26	44	11	55	+1 days
Napier Port Holdings	NPH	HY26	53	—	53	+24 days
MOVE Logistics Group	MOV	HY26	51	0	52	+12 days
Mainfreight	MFT	FY26	51	—	51	+6 days
Channel Infrastructure NZ	CHI	FY25	37	13	50	0 days
The a2 Milk Company	ATM	HY26	17	32	49	+10 days
EROAD	ERD	FY26	47	—	47	-18 days
Enprise Group	ENS	FY25	46	—	46	-1 days
Briscoe Group	BGP	FY26	1	42	42	-12 days
NZME	NZM	FY25	36	2	37	-2 days
Burger Fuel Group	BFG	FY26	28Outside range low debtor days. 28d; 3-period range 29d to 32d. Debtor days: 28.3 days, below normal range; 3-period mean 30.3 days, range 28.9 days-32.4 days.	7	35	-4 days
Auckland International Airport	AIA	HY26	32	—	32	+25 days
Contact Energy	CEN	HY26	—	31	31	-11 days
Australian Foundation Investment Company	AFI	HY26	29	—	29	—
Oceania Healthcare	OCA	HY26	29	—	29	—
Turners Automotive Group	TRA	FY26	6	22Outside range low inventory days. 22d; 3-period range 22d to 37d. Inventory days: 21.8 days, below normal range; 3-period mean 31.1 days, range 22.0 days-37.2 days.	28	0 days
Vector	VCT	HY26	27	—	27	+4 days
Meridian Energy	MEL	HY26	27	—	27	-4 days
Radius Residential Care	RAD	FY26	21Outside range low debtor days. 21d; 3-period range 24d to 33d. Debtor days: 21.2 days, below normal range; 3-period mean 27.4 days, range 24.0 days-32.6 days.	1Outside range low inventory days. 1d; 3-period range 1d to 2d. Inventory days: 1.1 days, below normal range; 3-period mean 1.4 days, range 1.2 days-1.9 days.	22	-2 days
Millennium & Copthorne Hotels New Zealand	MCK	FY25	20Outside range high debtor days. 20d; 3-period range 15d to 20d. Debtor days: 20.0 days, above normal range; 3-period mean 17.1 days, range 15.4 days-19.9 days.	2Outside range low inventory days. 2d; 3-period range 3d to 4d. Inventory days: 2.0 days, below normal range; 3-period mean 3.1 days, range 2.8 days-3.7 days.	22	-11 days
Seeka	SEK	FY25	11	9	21	-4 days
Hallenstein Glasson	HLG	HY26	1Outside range high debtor days. 1d; 4-period range 0d to 1d. Debtor days: 0.8 days, above normal range; 4-period mean 0.5 days, range 0.2 days-0.8 days.	19	20	-5 days
Arvida Group	ARV	FY26	20	—	20	-6 days
Serko	SKO	FY26	19	—	19	-28 days
Air New Zealand	AIR	HY26	—	18	18	+9 days
New Zealand Rural Land Company	NZL	HY22	13	—	13	—
Spark New Zealand	SPK	HY26	—	12	12	-37 days
Ryman Healthcare	RYM	FY26	11	—	11	+0 days
Restaurant Brands New Zealand	RBD	HY25	6	4	11	—
GEO	GEO	FY23	10	—	10	—
Summerset Group Holdings	SUM	FY25	9Outside range high debtor days. 9d; 3-period range 7d to 8d. Debtor days: 9.1 days, above normal range; 3-period mean 7.5 days, range 6.9 days-8.3 days.	—	9	-42 days
Argosy Property	ARG	FY26	9	—	9	+0 days
SkyCity Entertainment Group	SKC	HY26	—	8	8	+2 days
Savor	SVR	FY26	1	6	6	+0 days
Infratil	IFT	HY26	—	6	6	—
Green Cross Health	GXH	FY26	5	—	5	-27 days
My Food Bag Group	MFB	FY26	3Unprecedented high debtor days. 3d; 4-period range 0d to 1d. Debtor days: 3.0 days, unprecedented high; 4-period mean 0.8 days, range 0.4 days-1.2 days.	2	5	-8 days
CDL Investments New Zealand	CDI	FY25	4	—	4	-46 days
General Capital	GEN	HY26	3Outside range high debtor days. 3d; 3-period range 0d to 0d. Debtor days: 3.2 days, above normal range; 3-period mean 0.1 days, range 0.0 days-0.2 days.	—	3	+3 days
Port of Tauranga	POT	HY26	—	2	2	—
Asset Plus	APL	FY26	1	—	1	-14 days

Source: latest published result per company in the current Annolyse coverage set.