Afrimat (JSE:AFT) Days Payable : 42.71 (As of Feb. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Afrimat Days Payable?

Afrimat's average Accounts Payable for the six months ended in Feb. 2024 was R497 Mil. Afrimat's Cost of Goods Sold for the six months ended in Feb. 2024 was R2,123 Mil. Hence, Afrimat's Days Payable for the six months ended in Feb. 2024 was 42.71.

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

JSE:AFT' s Days Payable Range Over the Past 10 Years
Min: 30.6 Med: 39.4 Max: 44.47
Current: 42.47

During the past 13 years, Afrimat's highest Days Payable was 44.47. The lowest was 30.60. And the median was 39.40.

JSE:AFT's Days Payable is ranked worse than
71.7% of 371 companies
in the Building Materials industry
Industry Median: 66.44 vs JSE:AFT: 42.47

Afrimat's Days Payable declined from Feb. 2023 (49.25) to Feb. 2024 (42.71). It may suggest that Afrimat accelerated paying its suppliers.

Afrimat Days Payable Historical Data

The historical data trend for Afrimat'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.

* Premium members only.

Afrimat Days Payable Chart

Afrimat Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

Get a 7-Day Free Trial

30.60

37.42

39.71

44.47

43.31

Afrimat Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial															40.80	41.18	49.25	41.29	42.71

Competitive Comparison of Afrimat's Days Payable

For the Building Materials subindustry, Afrimat'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.

Afrimat's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Afrimat's Days Payable distribution charts can be found below:

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

Afrimat 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.

Afrimat's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (400.092	+	547.404)	/	2 )	/	3992.917	*	365
=	473.748					/	3992.917	*	365
=	43.31

Afrimat's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (446.234	+	547.404)	/	2 )	/	2122.678	*	365 / 2
=	496.819					/	2122.678	*	365 / 2
=	42.71

Afrimat Days Payable Related Terms

Thank you for viewing the detailed overview of Afrimat's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Afrimat (JSE:AFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Afrimat Ltd (JSE:AFT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Willie van Schoor Avenue and Old Oak Road, Tyger Valley Office Park No. 2, Tyger Valley, Bellville, WC, ZAF, 7530

Website

https://www.afrimat.co.za

Afrimat Ltd is a South Africa-based company. It operates in three segments: Construction Materials, which comprises aggregates, concrete-based products, and contracting operations; Industrial Minerals segment consists mainly of the sale of limestone, dolomite, and industrial sand; Bulk Commodities segment includes iron ore and anthracite; and Services segment consists of Group shared services including IT services, consulting services, etc. It operates in a single geographical segment, which is the African region.