Shoprite Holdings (JSE:SHP) Days Payable : 49.27 (As of Dec. 2023)

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What is Shoprite Holdings Days Payable?

Shoprite Holdings's average Accounts Payable for the six months ended in Dec. 2023 was R24,970 Mil. Shoprite Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was R92,480 Mil. Hence, Shoprite Holdings's Days Payable for the six months ended in Dec. 2023 was 49.27.

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

JSE:SHP' s Days Payable Range Over the Past 10 Years
Min: 34.8 Med: 48.2 Max: 68.33
Current: 54.93

During the past 13 years, Shoprite Holdings's highest Days Payable was 68.33. The lowest was 34.80. And the median was 48.20.

JSE:SHP's Days Payable is ranked worse than
51.85% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs JSE:SHP: 54.93

Shoprite Holdings's Days Payable increased from Dec. 2022 (48.24) to Dec. 2023 (49.27). It may suggest that Shoprite Holdings delayed paying its suppliers.

Shoprite Holdings Days Payable Historical Data

The historical data trend for Shoprite Holdings'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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Shoprite Holdings Days Payable Chart

Shoprite Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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53.26

40.92

37.50

35.30

34.80

Shoprite Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															45.47	47.05	48.24	50.93	49.27

Competitive Comparison of Shoprite Holdings's Days Payable

For the Department Stores subindustry, Shoprite Holdings'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.

Shoprite Holdings's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shoprite Holdings's Days Payable distribution charts can be found below:

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

Shoprite Holdings 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.

Shoprite Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (14204	+	16924)	/	2 )	/	163250	*	365
=	15564					/	163250	*	365
=	34.80

Shoprite Holdings'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (16924	+	33015)	/	2 )	/	92480	*	365 / 2
=	24969.5					/	92480	*	365 / 2
=	49.27

Shoprite Holdings Days Payable Related Terms

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Shoprite Holdings (JSE:SHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shoprite Holdings Ltd (JSE:SHP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SHOPRITE:Zambia SRHGF:USA SRGHY:USA SRH:Namibia

Address

Cnr William Dabs Street and Old Paarl Road, Brackenfell, WC, ZAF, 7560

Website

https://www.shopriteholdings.co.za

Shoprite Holdings Ltd is part of The Shoprite Group of Companies, an African food retailer, which operates in countries across Africa and the Indian Ocean Islands. The primary business is food retailing. Besides food retailing, the company is operating in furniture, house products, fast foods, pharmacies, and liquor business segments. The company is targeting consumers at all income levels. The Checkers, Checkers Hyper, and House & Home stores address higher-income groups, while Shoprite Usave focuses on the lower end of the market. Shoprite and OK Furniture offer products for the middle- to lower-income market. The company's reportable segment includes, Supermarkets RSA, Supermarkets Non-RSA, Furniture and Other operating segment.

Shoprite Holdings (JSE:SHP) Headlines

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