Carma (ASX:CMA) Days Payable: 16.45 (As of Dec. 2025) — 23% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:CMA Carma Ltd ASX:CMA
9 GF Score
Price A$0.83
! 1 Warning Sign
View Full Analysis

What is Carma Days Payable?

Carma ASX:CMA -12.17% 9 Days Payable is 16.45 as of Dec. 2025, which is 23% below its 10-year median of 21.50. GuruFocus rates ASX:CMA with a GF Score™ of 9/100. The stock has 1 warning sign investors should review. Among 1,306 Vehicles & Parts companies, Carma ranks worse than 84.38% on this metric.

Carma's average Accounts Payable for the six months ended in Dec. 2025 was A$4.17 Mil. Carma's Cost of Goods Sold for the six months ended in Dec. 2025 was A$46.24 Mil. Hence, Carma's Days Payable for the six months ended in Dec. 2025 was 16.45.

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

ASX:CMA' s Days Payable Range Over the Past 10 Years
Min: 21.5   Med: 21.5   Max: 32.9
Current: 32.9

During the past 3 years, Carma's highest Days Payable was 32.90. The lowest was 21.50. And the median was 21.50.

ASX:CMA's Days Payable is ranked worse than
84.38% of 1306 companies
in the Vehicles & Parts industry
Industry Median: 67.14 vs ASX:CMA: 32.90

Carma's Days Payable increased from Jun. 2024 (0.00) to Dec. 2025 (16.45). It may suggest that Carma delayed paying its suppliers.


Carma Days Payable Historical Data

* Premium members only.

The historical data trend for Carma'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.

Carma Days Payable Chart

Carma Annual Data
Trend Jun23 Jun24 Jun25
Days Payable
0.00 0.00 21.50

Carma Semi-Annual Data
Jun23 Jun24 Jun25 Dec25
Days Payable 0.00 0.00 0.00 16.45

ASX:CMA vs CVNA, PAG, ALTB: Days Payable Comparison

For the Auto & Truck Dealerships subindustry, Carma'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.


Carma Days Payable vs Vehicles & Parts Industry

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

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


ASX:CMA
9GF Score
Carma Ltd ASX:CMA
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carma 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.

Carma's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (0 + 3.9) / 1 ) / 66.2*365
=3.9 / 66.2*365
=21.50

Carma's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (3.9 + 4.435) / 2 ) / 46.239*365 / 2
=4.1675 / 46.239*365 / 2
=16.45

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 16.45 mean?
Carma (ASX:CMA) has a Days Payable of 16.45 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Carma and its competitors. This is 23% below median its historical median of 21.50. Over the past decade, Carma's Days Payable has ranged from 21.50 to 32.90. According to the industry distribution chart, Carma ranks #1102 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 84.4%.
Is Carma's Days Payable too high?
Carma's current Days Payable of 16.45 is 23% below median its 10-year median of 21.50. Over the past 10 years, this metric has ranged from a low of 21.50 to a high of 32.90. The Vehicles & Parts industry median Days Payable is 67.14. Carma's value of 16.45 is 75.5% below this industry median. Based on the distribution chart, Carma ranks #1102 out of 1306 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Carma has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Carma's Days Payable compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Carma ranks #1102 out of 1306 companies for Days Payable. This places Carma in the lower half of its industry. The industry median Days Payable is 67.14. Carma's value of 16.45 is 75.5% below this benchmark. Historically, Carma's own Days Payable has ranged from 21.50 to 32.90 over the past decade. While the company's 10-year median is 21.50 vs. the industry median of 67.14, Carma has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.14, based on 1,306 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carma's current Days Payable of 16.45 is 75.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Carma and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carma's current Days Payable is 16.45, which is 23% below median its own 10-year median of 21.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carma stock overvalued right now?
Carma (ASX:CMA) has a current Days Payable of 16.45. The current Days Payable is 16.45, which is 23% below median its 10-year median of 21.50 and 75.5% below the Vehicles & Parts industry median of 67.14. Carma's overall GF Score™ is 9/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Carma (ASX:CMA), the current Days Payable is 16.45 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Carma Business Description

Address 219-241 Cleveland Street, Suite 5.03, Strawberry Hills, Sydney, NSW, AUS, 2012
Carma Ltd is an online retailer of quality used cars in Australia. It offers an online platform that makes it easy to view a huge range of quality cars, compare them like-for-like, and pick and reserve a car online. The company offer fair pricing with no haggling, finance arrangements or cash payments, free delivery within Greater Sydney, and a 7-day trial period allowing customers to test the car in everyday life with the option to return it for a full refund if not satisfied.
9GF Score

Get the complete analysis for ASX:CMA

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.83
Price