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Penske Automotive Group Days Payable

: 12.93 (As of Dec. 2020)
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Penske Automotive Group's average Accounts Payable for the three months ended in Dec. 2020 was $696 Mil. Penske Automotive Group's Cost of Goods Sold for the three months ended in Dec. 2020 was $4,914 Mil. Hence, Penske Automotive Group's Days Payable for the three months ended in Dec. 2020 was 12.93.

NYSE:PAG' s Days Payable Range Over the Past 10 Years
Min: 7.95   Med: 10.37   Max: 13.96
Current: 13.96
7.95
13.96

During the past 13 years, Penske Automotive Group's highest Days Payable was 13.96. The lowest was 7.95. And the median was 10.37.

NYSE:PAG's Days Payable is ranked lower than
95% of the 1122 Companies
in the Vehicles & Parts industry.

( Industry Median: 67.22 vs. NYSE:PAG: 13.96 )

Penske Automotive Group's Days Payable increased from Dec. 2019 (11.90) to Dec. 2020 (12.93). It may suggest that Penske Automotive Group delayed paying its suppliers.

Penske Automotive Group Days Payable Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Penske Automotive Group Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.55 11.44 11.68 11.45 13.90

Penske Automotive Group Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.90 13.24 18.69 12.71 12.93
Competitive Comparison
* 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.

Penske Automotive Group Days Payable Distribution

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


Penske Automotive 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.

Penske Automotive Group's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (638.8 + 675.4) / 2 ) / 17259.4*365
=657.1 / 17259.4*365
=13.90

Penske Automotive Group's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

Days Payable (Q: Dec. 2020 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2020 ) + Accounts Payable (Q: Dec. 2020 )) / count ) / Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=( (717.2 + 675.4) / 2 ) / 4913.7*365 / 4
=696.3 / 4913.7*365 / 4
=12.93

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Penske Automotive Group Days Payable Related Terms

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