Adcorp Holdings (JSE:ADR) Days Payable : 15.43 (As of Aug. 2023)

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What is Adcorp Holdings Days Payable?

Adcorp Holdings's average Accounts Payable for the six months ended in Aug. 2023 was R493 Mil. Adcorp Holdings's Cost of Goods Sold for the six months ended in Aug. 2023 was R5,830 Mil. Hence, Adcorp Holdings's Days Payable for the six months ended in Aug. 2023 was 15.43.

The historical rank and industry rank for Adcorp Holdings's Days Payable or its related term are showing as below:

JSE:ADR' s Days Payable Range Over the Past 10 Years
Min: 4.48 Med: 5.84 Max: 20.09
Current: 19.42

During the past 13 years, Adcorp Holdings's highest Days Payable was 20.09. The lowest was 4.48. And the median was 5.84.

JSE:ADR's Days Payable is ranked worse than
78.55% of 923 companies
in the Business Services industry
Industry Median: 47.39 vs JSE:ADR: 19.42

Adcorp Holdings's Days Payable declined from Aug. 2022 (17.12) to Aug. 2023 (15.43). It may suggest that Adcorp Holdings accelerated paying its suppliers.

Adcorp Holdings Days Payable Historical Data

The historical data trend for Adcorp Holdings'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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Adcorp Holdings Days Payable Chart

Adcorp Holdings Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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19.87

20.09

4.72

5.02

4.72

Adcorp Holdings Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Payable	Get a 7-Day Free Trial															17.14	17.93	17.12	15.72	15.43

Competitive Comparison of Adcorp Holdings's Days Payable

For the Staffing & Employment Services subindustry, Adcorp Holdings'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.

Adcorp Holdings's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Adcorp Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Adcorp Holdings's Days Payable falls into.

Adcorp Holdings 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.

Adcorp Holdings's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (153.707	+	124.707)	/	2 )	/	10766.543	*	365
=	139.207					/	10766.543	*	365
=	4.72

Adcorp Holdings's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (124.707	+	860.964)	/	2 )	/	5830.389	*	365 / 2
=	492.8355					/	5830.389	*	365 / 2
=	15.43

Adcorp Holdings Days Payable Related Terms

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Adcorp Holdings (JSE:ADR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Adcorp Holdings Ltd (JSE:ADR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191

Website

https://www.adcorpgroup.com

Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Industrial Services, Professional Services, Training Services, and Australia. The geographical segments are South Africa and International.

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