General Finance (General Finance) Days Payable : 87.09 (As of Mar. 2021)

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What is General Finance Days Payable?

General Finance's average Accounts Payable for the three months ended in Mar. 2021 was $42.80 Mil. General Finance's Cost of Goods Sold for the three months ended in Mar. 2021 was $44.84 Mil. Hence, General Finance's Days Payable for the three months ended in Mar. 2021 was 87.09.

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

GFNCP.PFD' s Days Payable Range Over the Past 10 Years
Min: 35.75 Med: 48.01 Max: 79.23
Current: 79.23

During the past 13 years, General Finance's highest Days Payable was 79.23. The lowest was 35.75. And the median was 48.01.

GFNCP.PFD's Days Payable is not ranked
in the Business Services industry.
Industry Median: 47.265 vs GFNCP.PFD: 79.23

General Finance's Days Payable increased from Mar. 2020 (83.74) to Mar. 2021 (87.09). It may suggest that General Finance delayed paying its suppliers.

General Finance Days Payable Historical Data

The historical data trend for General Finance'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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General Finance Days Payable Chart

General Finance Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Days Payable

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47.13

54.00

44.03

41.20

35.82

General Finance Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Days Payable	Get a 7-Day Free Trial															83.74	59.57	64.54	93.10	87.09

Competitive Comparison of General Finance's Days Payable

For the Rental & Leasing Services subindustry, General Finance'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.

General Finance's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, General Finance's Days Payable distribution charts can be found below:

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

General Finance 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.

General Finance's Days Payable for the fiscal year that ended in Jun. 2020 is calculated as

	Days Payable (A: Jun. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2019 )	+	Accounts Payable (A: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2020 )	*	Days in Period
=	( (20.448	+	14.951)	/	2 )	/	180.369	*	365
=	17.6995					/	180.369	*	365
=	35.82

General Finance's Days Payable for the quarter that ended in Mar. 2021 is calculated as:

	Days Payable (Q: Mar. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2020 )	+	Accounts Payable (Q: Mar. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
=	( (43.121	+	42.471)	/	2 )	/	44.838	*	365 / 4
=	42.796					/	44.838	*	365 / 4
=	87.09

General Finance Days Payable Related Terms

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General Finance (General Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » General Finance Corp (NAS:GFNCP.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 East Union Street, Pasadena, CA, USA, 91103

Website

http://www.generalfinance.com

General Finance Corp is a specialty rental services company. The company offers portable storage, modular space, and liquid containment solutions, with a diverse and expanding lease fleet of 78,605 units. The company serves a diverse range of customers across a broad range of industries, including the commercial, construction, transportation, industrial, energy, manufacturing, mining, retail, education and government sectors. The company is organized geographically across two principal operating segments, North America and Asia-Pacific.