AutoCanada (AutoCanada) Days Payable : 6.29 (As of Dec. 2023)

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What is AutoCanada Days Payable?

AutoCanada's average Accounts Payable for the three months ended in Dec. 2023 was $63 Mil. AutoCanada's Cost of Goods Sold for the three months ended in Dec. 2023 was $914 Mil. Hence, AutoCanada's Days Payable for the three months ended in Dec. 2023 was 6.29.

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

AOCIF' s Days Payable Range Over the Past 10 Years
Min: 4.97 Med: 6.77 Max: 9.88
Current: 5.57

During the past 13 years, AutoCanada's highest Days Payable was 9.88. The lowest was 4.97. And the median was 6.77.

AOCIF's Days Payable is ranked worse than
98.18% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs AOCIF: 5.57

AutoCanada's Days Payable declined from Dec. 2022 (7.93) to Dec. 2023 (6.29). It may suggest that AutoCanada accelerated paying its suppliers.

AutoCanada Days Payable Historical Data

The historical data trend for AutoCanada'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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AutoCanada Days Payable Chart

AutoCanada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.39

9.73

7.63

6.92

5.62

AutoCanada Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															7.93	6.09	4.56	5.38	6.29

Competitive Comparison of AutoCanada's Days Payable

For the Auto & Truck Dealerships subindustry, AutoCanada'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.

AutoCanada's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, AutoCanada's Days Payable distribution charts can be found below:

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

AutoCanada 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.

AutoCanada'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
=	( (66.077	+	55.962)	/	2 )	/	3961.7	*	365
=	61.0195					/	3961.7	*	365
=	5.62

AutoCanada's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (70.095	+	55.962)	/	2 )	/	913.798	*	365 / 4
=	63.0285					/	913.798	*	365 / 4
=	6.29

AutoCanada Days Payable Related Terms

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

AutoCanada (AutoCanada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AutoCanada Inc (OTCPK:AOCIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ACQ:Canada

Address

15511 123 Avenue NW, Suite 200, Edmonton, AB, CAN, T5V 0C3

Website

https://www.autocan.ca

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.

AutoCanada (AutoCanada) Headlines

From GuruFocus

AutoCanada Announces Executive Appointments

By PRNewswire PRNewswire • 08-22-2018

AutoCanada Acquires Illinois Based Grossinger Auto Group

By PRNewswire PRNewswire • 03-22-2018

AutoCanada Acknowledges Receipt of Letter from Clearwater

By PRNewswire PRNewswire • 06-12-2018

AutoCanada Appoints Michael Rawluk as President

By PRNewswire PRNewswire • 07-03-2018

AutoCanada, Patrick Priestner and CanadaOne Auto Group Settle Outstanding Litigation

By PRNewswire • 09-08-2023

AutoCanada Provides Operational Update in Response to COVID-19

By PRNewswire PRNewswire • 03-25-2020

AutoCanada commences litigation against Patrick Priestner and Canada One Auto Group

By PRNewswire PRNewswire • 02-06-2019

AutoCanada Announces Management and Board Changes

By PRNewswire PRNewswire • 08-15-2018