PSG Financial Services Limited (JSE:KST) Days Payable : 312.19 (As of Aug. 2023)

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What is PSG Financial Services Limited Days Payable?

PSG Financial Services Limited's average Accounts Payable for the six months ended in Aug. 2023 was R2,616 Mil. PSG Financial Services Limited's Cost of Goods Sold for the six months ended in Aug. 2023 was R1,529 Mil. Hence, PSG Financial Services Limited's Days Payable for the six months ended in Aug. 2023 was 312.19.

The historical rank and industry rank for PSG Financial Services Limited's Days Payable or its related term are showing as below:

JSE:KST' s Days Payable Range Over the Past 10 Years
Min: 229.49 Med: 282.16 Max: 430.03
Current: 229.49

During the past 13 years, PSG Financial Services Limited's highest Days Payable was 430.03. The lowest was 229.49. And the median was 282.16.

JSE:KST's Days Payable is ranked better than
74.46% of 466 companies
in the Asset Management industry
Industry Median: 69.215 vs JSE:KST: 229.49

PSG Financial Services Limited's Days Payable declined from Aug. 2022 (389.11) to Aug. 2023 (312.19). It may suggest that PSG Financial Services Limited accelerated paying its suppliers.

PSG Financial Services Limited Days Payable Historical Data

The historical data trend for PSG Financial Services Limited'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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PSG Financial Services Limited Days Payable Chart

PSG Financial Services Limited Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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280.05

268.21

282.73

290.90

279.74

PSG Financial Services Limited 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															236.84	286.59	389.11	186.04	312.19

Competitive Comparison of PSG Financial Services Limited's Days Payable

For the Asset Management subindustry, PSG Financial Services Limited'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.

PSG Financial Services Limited's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PSG Financial Services Limited's Days Payable distribution charts can be found below:

* The bar in red indicates where PSG Financial Services Limited's Days Payable falls into.

PSG Financial Services Limited 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.

PSG Financial Services Limited'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
=	( (2993.116	+	2726.335)	/	2 )	/	3731.346	*	365
=	2859.7255					/	3731.346	*	365
=	279.74

PSG Financial Services Limited'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
=	( (2726.335	+	2505.858)	/	2 )	/	1529.314	*	365 / 2
=	2616.0965					/	1529.314	*	365 / 2
=	312.19

PSG Financial Services Limited Days Payable Related Terms

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PSG Financial Services Limited (JSE:KST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PSG Financial Services Limited (JSE:KST) » Definitions » Days Payable

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Traded in Other Exchanges

KFS:Namibia

Address

3 Howick Close, 4th Floor, The Edge, Tyger Waterfront, Tyger Valley, Bellville, ZAF, 7530

Website

https://www.psg.co.za

PSG Financial Services Limited is an independent financial services group. Business is executed through three operating divisions: PSG Wealth, PSG Asset Management, and PSG Insure. PSG Wealth provides the group with nearly half of its income, with PSG Insure outweighing PSG Asset Management. Through the Wealth unit, PSG delivers a comprehensive suite of products to individuals, families, and businesses. Some of the PSG Wealth offerings include investment products, stockbroking, estate and trust services, and many other related products. Offerings under PSG Insure cover a range of short-term insurance solutions, for both personal and commercial needs. PSG rounds out its portfolio with the PSG Asset Management group which offers a range of local unit trusts and international funds.

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