Credit Acceptance (BSP:CRDA34) Days Payable : 170.96 (As of Dec. 2023)

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What is Credit Acceptance Days Payable?

Credit Acceptance's average Accounts Payable for the three months ended in Dec. 2023 was R$1,483 Mil. Credit Acceptance's Cost of Goods Sold for the three months ended in Dec. 2023 was R$791 Mil. Hence, Credit Acceptance's Days Payable for the three months ended in Dec. 2023 was 170.96.

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

BSP:CRDA34' s Days Payable Range Over the Past 10 Years
Min: 156.76 Med: 174.19 Max: 211.51
Current: 163.65

During the past 13 years, Credit Acceptance's highest Days Payable was 211.51. The lowest was 156.76. And the median was 174.19.

BSP:CRDA34's Days Payable is ranked better than
76.51% of 281 companies
in the Credit Services industry
Industry Median: 48.71 vs BSP:CRDA34: 163.65

Credit Acceptance's Days Payable declined from Dec. 2022 (179.38) to Dec. 2023 (170.96). It may suggest that Credit Acceptance accelerated paying its suppliers.

Credit Acceptance Days Payable Historical Data

The historical data trend for Credit Acceptance'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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Credit Acceptance Days Payable Chart

Credit Acceptance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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166.48

154.00

149.46

172.69

176.76

Credit Acceptance 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															179.38	158.68	161.11	161.09	170.96

Competitive Comparison of Credit Acceptance's Days Payable

For the Credit Services subindustry, Credit Acceptance'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.

Credit Acceptance's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Credit Acceptance's Days Payable distribution charts can be found below:

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

Credit Acceptance 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.

Credit Acceptance'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
=	( (1368	+	1562.056)	/	2 )	/	3025.136	*	365
=	1465.028					/	3025.136	*	365
=	176.76

Credit Acceptance'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
=	( (1403.085	+	1562.056)	/	2 )	/	791.318	*	365 / 4
=	1482.5705					/	791.318	*	365 / 4
=	170.96

Credit Acceptance Days Payable Related Terms

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Credit Acceptance (BSP:CRDA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Acceptance Corp (BSP:CRDA34) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CACC:USA

Address

25505 W. Twelve Mile Road, Southfield, MI, USA, 48034-8339

Website

https://www.creditacceptance.com

Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.

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