Empire Co (TSX:EMP.A) Days Payable : 46.72 (As of Jan. 2024)

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What is Empire Co Days Payable?

Empire Co's average Accounts Payable for the three months ended in Jan. 2024 was C$2,819 Mil. Empire Co's Cost of Goods Sold for the three months ended in Jan. 2024 was C$5,507 Mil. Hence, Empire Co's Days Payable for the three months ended in Jan. 2024 was 46.72.

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

TSX:EMP.A' s Days Payable Range Over the Past 10 Years
Min: 43.4 Med: 45.87 Max: 50.46
Current: 47.12

During the past 13 years, Empire Co's highest Days Payable was 50.46. The lowest was 43.40. And the median was 45.87.

TSX:EMP.A's Days Payable is ranked better than
52.58% of 310 companies
in the Retail - Defensive industry
Industry Median: 44.27 vs TSX:EMP.A: 47.12

Empire Co's Days Payable declined from Jan. 2023 (49.26) to Jan. 2024 (46.72). It may suggest that Empire Co accelerated paying its suppliers.

Empire Co Days Payable Historical Data

The historical data trend for Empire Co'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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Empire Co Days Payable Chart

Empire Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

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45.49

49.83

50.46

47.55

48.41

Empire Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															49.26	49.70	46.46	47.12	46.72

Competitive Comparison of Empire Co's Days Payable

For the Grocery Stores subindustry, Empire Co'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.

Empire Co's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Empire Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Empire Co's Days Payable falls into.

Empire Co 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.

Empire Co's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (2988.9	+	3028.6)	/	2 )	/	22685.4	*	365
=	3008.75					/	22685.4	*	365
=	48.41

Empire Co's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (2853.9	+	2784.9)	/	2 )	/	5507.1	*	365 / 4
=	2819.4					/	5507.1	*	365 / 4
=	46.72

Empire Co Days Payable Related Terms

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Empire Co (TSX:EMP.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Empire Co Ltd (TSX:EMP.A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EMLAF:USA C15:Germany

Address

115 King Street, Stellarton, NS, CAN, B0K 1S0

Website

https://www.empireco.ca

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire's subsidiary Sobeys and represents nearly all of the company's income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton's Drug Stores, and multiple retail fuel locations. The company's investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.

Empire Co (TSX:EMP.A) Headlines

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