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Group 1 Automotive Inc (NYSE:GPI)
Days Payable
13.47 (As of Mar. 2016)

Group 1 Automotive Inc's payable for the three months ended in Mar. 2016 was $328 Mil. Group 1 Automotive Inc's cost of goods sold for the three months ended in Mar. 2016 was $2,219 Mil. Hence, Group 1 Automotive Inc's days payable for the three months ended in Mar. 2016 was 13.47.

GPI' s Days Payable Range Over the Past 10 Years
Min: 5.72   Max: 12.4
Current: 12.93

5.72
12.4

During the past 13 years, Group 1 Automotive Inc's highest Days Payable was 12.40. The lowest was 5.72. And the median was 9.00.

GPI's Days Payable is ranked lower than
90% of the 977 Companies
in the Global Auto & Truck Dealerships industry.

( Industry Median: 51.29 vs. GPI: 12.93 )

Group 1 Automotive Inc's days payable increased from Mar. 2015 (11.05) to Mar. 2016 (13.47). It may suggest that Group 1 Automotive Inc delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Group 1 Automotive Inc's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=280.423/9098.533*365
=11.25

Group 1 Automotive Inc's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=327.594/2219.254*365 / 4
=13.47

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Group 1 Automotive Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 8.387.545.727.047.3110.569.6112.2012.4011.25

Group 1 Automotive Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 11.8813.3112.0711.8712.1111.0511.8911.0411.1613.47
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