Purple Group (JSE:PPE) Days Payable : 2,824.23 (As of Feb. 2024)

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What is Purple Group Days Payable?

Purple Group's average Accounts Payable for the six months ended in Feb. 2024 was R101.1 Mil. Purple Group's Cost of Goods Sold for the six months ended in Feb. 2024 was R6.5 Mil. Hence, Purple Group's Days Payable for the six months ended in Feb. 2024 was 2,824.23.

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

JSE:PPE' s Days Payable Range Over the Past 10 Years
Min: 20.09 Med: 166.88 Max: 360.47
Current: 244.86

During the past 13 years, Purple Group's highest Days Payable was 360.47. The lowest was 20.09. And the median was 166.88.

JSE:PPE's Days Payable is ranked better than
62.82% of 78 companies
in the Diversified Financial Services industry
Industry Median: 86.53 vs JSE:PPE: 244.86

Purple Group's Days Payable increased from Feb. 2023 (1,554.12) to Feb. 2024 (2,824.23). It may suggest that Purple Group delayed paying its suppliers.

Purple Group Days Payable Historical Data

The historical data trend for Purple 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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Purple Group Days Payable Chart

Purple Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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62.81

255.30

325.81

167.40

218.34

Purple Group 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															4,640.58	113.83	1,554.12	146.49	2,824.23

Competitive Comparison of Purple Group's Days Payable

For the Financial Conglomerates subindustry, Purple 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.

Purple Group's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Purple Group's Days Payable distribution charts can be found below:

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

Purple 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.

Purple Group's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (41.298	+	132.917)	/	2 )	/	145.616	*	365
=	87.1075					/	145.616	*	365
=	218.34

Purple Group'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
=	( (132.917	+	69.344)	/	2 )	/	6.535	*	365 / 2
=	101.1305					/	6.535	*	365 / 2
=	2,824.23

Purple Group Days Payable Related Terms

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Purple Group (JSE:PPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Purple Group Ltd (JSE:PPE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

173 Oxford Road, WeWork - Coworking & Office Space1F, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.purplegroup.co.za

Purple Group Ltd operates as a financial services company, which engages in derivatives trading and asset management. It operates its business through the following segments: GT247.com and Emperor Asset Management (EAM); EasyEquities Group and Head Office and Investments. The GT247.com and EAM segment involves trading and asset management operations. The EasyEquities segment is the web-based investment platform of the Group and includes EasyProperties, EasyCrypto, and RISE. The Head Office and Investments represent fees and dividends earned on investments and fair value adjustments made against them, as well as head office costs.

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