Africa Prudential (NSA:AFRIPRUD) Days Payable : 1,076.16 (As of Mar. 2024)

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What is Africa Prudential Days Payable?

Africa Prudential's average Accounts Payable for the three months ended in Mar. 2024 was ₦255.8 Mil. Africa Prudential's Cost of Goods Sold for the three months ended in Mar. 2024 was ₦21.7 Mil. Hence, Africa Prudential's Days Payable for the three months ended in Mar. 2024 was 1,076.16.

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

NSA:AFRIPRUD' s Days Payable Range Over the Past 10 Years
Min: 24.6 Med: 72.06 Max: 553.74
Current: 57.91

During the past 9 years, Africa Prudential's highest Days Payable was 553.74. The lowest was 24.60. And the median was 72.06.

NSA:AFRIPRUD's Days Payable is ranked worse than
56.17% of 470 companies
in the Asset Management industry
Industry Median: 70.455 vs NSA:AFRIPRUD: 57.91

Africa Prudential's Days Payable increased from Dec. 2022 (176.13) to Mar. 2024 (1,076.16). It may suggest that Africa Prudential delayed paying its suppliers.

Africa Prudential Days Payable Historical Data

The historical data trend for Africa Prudential'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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Africa Prudential Days Payable Chart

Africa Prudential Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.60

31.52

41.06

39.88

72.06

Africa Prudential Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															176.13	23.95	270.36	-	1,076.16

Competitive Comparison of Africa Prudential's Days Payable

For the Asset Management subindustry, Africa Prudential'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.

Africa Prudential's Days Payable Distribution in the Asset Management Industry

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

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

Africa Prudential 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.

Africa Prudential's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (104.97	+	246.755)	/	2 )	/	890.726	*	365
=	175.8625					/	890.726	*	365
=	72.06

Africa Prudential'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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (246.755	+	264.799)	/	2 )	/	21.688	*	365 / 4
=	255.777					/	21.688	*	365 / 4
=	1,076.16

Africa Prudential Days Payable Related Terms

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Africa Prudential (NSA:AFRIPRUD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Africa Prudential PLC (NSA:AFRIPRUD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

220B, Ikorodu Road, Palmgrove, Lagos, NGA

Website

https://www.africaprudential.com

Africa Prudential PLC is an investor service and business solutions, provider. The company's competency in digital technology covers advanced Agile and other Software Development life Circle (SDLC) Methodologies, Cyber Security, Cloud Computing, Design thinking/product Development Labs, Blockchain technology, among others. The Company deploys Software as a Service ( SaaS) which are scalable for various sizes of organizations.

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