2 Cheap Cars Group (NZSE:2CC) Days Payable : 15.96 (As of Sep. 2023)

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What is 2 Cheap Cars Group Days Payable?

2 Cheap Cars Group's average Accounts Payable for the six months ended in Sep. 2023 was NZ$2.76 Mil. 2 Cheap Cars Group's Cost of Goods Sold for the six months ended in Sep. 2023 was NZ$31.59 Mil. Hence, 2 Cheap Cars Group's Days Payable for the six months ended in Sep. 2023 was 15.96.

The historical rank and industry rank for 2 Cheap Cars Group's Days Payable or its related term are showing as below:

NZSE:2CC' s Days Payable Range Over the Past 10 Years
Min: 9.48 Med: 10.23 Max: 14.28
Current: 14.28

During the past 3 years, 2 Cheap Cars Group's highest Days Payable was 14.28. The lowest was 9.48. And the median was 10.23.

NZSE:2CC's Days Payable is ranked worse than
94.29% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs NZSE:2CC: 14.28

2 Cheap Cars Group's Days Payable increased from Sep. 2022 (10.10) to Sep. 2023 (15.96). It may suggest that 2 Cheap Cars Group delayed paying its suppliers.

2 Cheap Cars Group Days Payable Historical Data

The historical data trend for 2 Cheap Cars Group'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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2 Cheap Cars Group Days Payable Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

11.14

10.23

9.48

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			15.26	12.31	10.10	11.73	15.96

Competitive Comparison of 2 Cheap Cars Group's Days Payable

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars Group'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.

2 Cheap Cars Group's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Days Payable distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's Days Payable falls into.

2 Cheap Cars Group 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.

2 Cheap Cars Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1.319	+	2.21)	/	2 )	/	67.905	*	365
=	1.7645					/	67.905	*	365
=	9.48

2 Cheap Cars Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2.21	+	3.317)	/	2 )	/	31.593	*	365 / 2
=	2.7635					/	31.593	*	365 / 2
=	15.96

2 Cheap Cars Group Days Payable Related Terms

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2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

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