Eagers Automotive (ASX:APE) Days Payable : 21.13 (As of Jun. 2024)

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What is Eagers Automotive Days Payable?

Eagers Automotive's average Accounts Payable for the six months ended in Jun. 2024 was A$520 Mil. Eagers Automotive's Cost of Goods Sold for the six months ended in Jun. 2024 was A$4,490 Mil. Hence, Eagers Automotive's Days Payable for the six months ended in Jun. 2024 was 21.13.

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

ASX:APE' s Days Payable Range Over the Past 10 Years
Min: 6.62 Med: 8.33 Max: 21.85
Current: 21.85

During the past 13 years, Eagers Automotive's highest Days Payable was 21.85. The lowest was 6.62. And the median was 8.33.

ASX:APE's Days Payable is ranked worse than
90.65% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 66.34 vs ASX:APE: 21.85

Eagers Automotive's Days Payable increased from Jun. 2023 (14.97) to Jun. 2024 (21.13). It may suggest that Eagers Automotive delayed paying its suppliers.

Eagers Automotive Days Payable Historical Data

The historical data trend for Eagers 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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Eagers Automotive Days Payable Chart

Eagers Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.83

7.92

6.78

6.85

10.99

Eagers Automotive Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															14.00	14.45	14.97	18.76	21.13

Competitive Comparison of Eagers Automotive's Days Payable

For the Auto & Truck Dealerships subindustry, Eagers 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.

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

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

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

Eagers 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.

Eagers 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
=	( (142.505	+	339.864)	/	2 )	/	8008.334	*	365
=	241.1845					/	8008.334	*	365
=	10.99

Eagers Automotive's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (339.864	+	699.765)	/	2 )	/	4490.012	*	365 / 2
=	519.8145					/	4490.012	*	365 / 2
=	21.13

Eagers Automotive Days Payable Related Terms

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Eagers Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Eagers Automotive Ltd (ASX:APE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Edmund Street, Newstead, Brisbane, QLD, AUS, 4006

Website

https://www.eagersautomotive.com.au

Eagers Automotive is the largest automotive retailing group in the Australian market, with an estimated share of over 11% of new-vehicle sales. The company offers a range of products and services, including the sale of new and used vehicles, vehicle repair services, and parts. The company also facilitates vehicle financing through third-party providers. Additionally, Eagers operates a truck retailing business, offering a similar range of products and services.