Turners Automotive Group (ASX:TRA) Days Payable : 106.28 (As of Mar. 2024)

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What is Turners Automotive Group Days Payable?

Turners Automotive Group's average Accounts Payable for the six months ended in Mar. 2024 was A$45.4 Mil. Turners Automotive Group's Cost of Goods Sold for the six months ended in Mar. 2024 was A$78.0 Mil. Hence, Turners Automotive Group's Days Payable for the six months ended in Mar. 2024 was 106.28.

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

ASX:TRA' s Days Payable Range Over the Past 10 Years
Min: 37.4 Med: 49.42 Max: 94.43
Current: 94.43

During the past 13 years, Turners Automotive Group's highest Days Payable was 94.43. The lowest was 37.40. And the median was 49.42.

ASX:TRA's Days Payable is ranked better than
69.63% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 66.66 vs ASX:TRA: 94.43

Turners Automotive Group's Days Payable increased from Mar. 2023 (79.06) to Mar. 2024 (106.28). It may suggest that Turners Automotive Group delayed paying its suppliers.

Turners Automotive Group Days Payable Historical Data

The historical data trend for Turners Automotive Group'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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Turners Automotive Group Days Payable Chart

Turners Automotive Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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37.40

56.98

53.74

49.50

Turners Automotive Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															63.13	76.12	79.06	96.53	106.28

Competitive Comparison of Turners Automotive Group's Days Payable

For the Auto & Truck Dealerships subindustry, Turners Automotive Group'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.

Turners Automotive Group's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Turners Automotive Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Turners Automotive Group's Days Payable falls into.

Turners Automotive Group 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.

Turners Automotive Group's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	164.351	*	365
=	0					/	164.351	*	365
=	0.00

Turners Automotive Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (45.433	+	0)	/	1 )	/	78.018	*	365 / 2
=	45.433					/	78.018	*	365 / 2
=	106.28

Turners Automotive Group Days Payable Related Terms

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Turners Automotive Group (ASX:TRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Automotive Group Ltd (ASX:TRA) » Definitions » Days Payable

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Traded in Other Exchanges

TRA:New Zealand

Address

Level 5, 70 Shortland Street, PO Box 1232, Auckland, NZL, 1140

Website

https://www.turnersautogroup.co.nz

Turners Automotive Group Ltd is an integrated financial services group, primarily operating in the automotive sector. Business activity generally functions through Automotive Retail, Finance, Insurance, Credit management, Corporate, and Others. The company derives the majority of its revenue from Automotive retail which is engaged in remarketing (motor vehicles, trucks, heavy machinery, and commercial goods) and purchasing goods for sale and related asset-based finance to consumers. Geographically the group's business activities are located in New Zealand and Australia.

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