Sonic Automotive (Sonic Automotive) Days Payable : 4.71 (As of Mar. 2024)

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What is Sonic Automotive Days Payable?

Sonic Automotive's average Accounts Payable for the three months ended in Mar. 2024 was $147 Mil. Sonic Automotive's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,848 Mil. Hence, Sonic Automotive's Days Payable for the three months ended in Mar. 2024 was 4.71.

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

SAH' s Days Payable Range Over the Past 10 Years
Min: 4.15 Med: 5.25 Max: 6.02
Current: 4.28

During the past 13 years, Sonic Automotive's highest Days Payable was 6.02. The lowest was 4.15. And the median was 5.25.

SAH's Days Payable is ranked worse than
98.89% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs SAH: 4.28

Sonic Automotive's Days Payable increased from Mar. 2023 (4.46) to Mar. 2024 (4.71). It may suggest that Sonic Automotive delayed paying its suppliers.

Sonic Automotive Days Payable Historical Data

The historical data trend for Sonic Automotive'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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Sonic Automotive Days Payable Chart

Sonic Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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5.10

5.26

4.15

4.24

4.34

Sonic Automotive Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															4.46	4.14	4.09	4.39	4.71

Competitive Comparison of Sonic Automotive's Days Payable

For the Auto & Truck Dealerships subindustry, Sonic Automotive'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.

Sonic Automotive's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Sonic Automotive 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.

Sonic Automotive'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
=	( (138.4	+	149.8)	/	2 )	/	12126.7	*	365
=	144.1					/	12126.7	*	365
=	4.34

Sonic Automotive'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
=	( (149.8	+	143.9)	/	2 )	/	2847.8	*	365 / 4
=	146.85					/	2847.8	*	365 / 4
=	4.71

Sonic Automotive Days Payable Related Terms

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Sonic Automotive (Sonic Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sonic Automotive Inc (NYSE:SAH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SA8A:Germany

Address

4401 Colwick Road, Charlotte, NC, USA, 28211

Website

https://www.sonicautomotive.com

Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 108 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 18 EchoPark and 7 Northwest Motorsports used-vehicle stores, and 16 collision centers. The company derives revenue from new and used vehicles plus parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 83% of franchise new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 56% of new-vehicle revenue. BMW is the largest brand at about 26%. 2022's revenue was $14 billion, with EchoPark's portion totaling $2.5 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.

Executives

Heath Byrd	officer: EVP and CFO	4401 COLWICK ROAD, CHARLOTTE NC 28211
Jeff Dyke	officer: EVP of Operations	C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212
David Bruton Smith	director, officer: Executive Vice President	C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212
Paul P. Rusnak	10 percent owner	325 W. COLORADO BLVD.,, PO BOX 70489, PASADENA CA 91117-7489
Michael Edward Hodge	director	4401 COLWICK ROAD, CHARLOTTE NC 28211
Keri A Kaiser	director	14902 PRESTON ROAD, SUITE 404, #384, DALLAS TX 75254
Victor H Doolan	director	35 VIA MONARCA, DANA POINT CA 92629
Marcus G Smith	10 percent owner	5555 CONCORD PARKWAY SOUTH, CONCORD NC 28027
Sonic Financial Corp	10 percent owner	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
O Bruton Smith	director, 10 percent owner, officer: Chairman and CEO	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
R Eugene Taylor	director	BANK OF AMERICA CORP, 100 NORTH TRYON ST NC1-007-57-01, CHARLOTTE NC 28255
Bryan Scott Smith	director, officer: Vice Chairman and CSO	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Harris John W. Iii	director	4725 PIEDMONT ROW DRIVE, SUITE 800, CHARLOTTE NC 28210
Byrd Bernard Clinton Jr	director	4401 COLWICK ROAD, CHARLOTTE NC 28211
William I Belk	director	6100 FAIRVIEW RD #640, CHARLOTTE NC 28210