AFMA (CAS:AFM) Days Payable : 2,492.05 (As of Dec. 2023)

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What is AFMA Days Payable?

AFMA's average Accounts Payable for the six months ended in Dec. 2023 was MAD729.1 Mil. AFMA's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD53.4 Mil. Hence, AFMA's Days Payable for the six months ended in Dec. 2023 was 2,492.05.

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

CAS:AFM' s Days Payable Range Over the Past 10 Years
Min: 1875.71 Med: 2025.43 Max: 2259.09
Current: 2079.89

During the past 9 years, AFMA's highest Days Payable was 2259.09. The lowest was 1875.71. And the median was 2025.43.

CAS:AFM's Days Payable is ranked better than
97.96% of 49 companies
in the Insurance industry
Industry Median: 56.92 vs CAS:AFM: 2079.89

AFMA's Days Payable declined from Dec. 2022 (2,540.48) to Dec. 2023 (2,492.05). It may suggest that AFMA accelerated paying its suppliers.

AFMA Days Payable Historical Data

The historical data trend for AFMA'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.

* Premium members only.

AFMA Days Payable Chart

AFMA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2,047.06

1,875.71

2,259.09

2,104.29

1,883.32

AFMA Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial													2,895.59	2,004.30	2,540.48	1,928.78	2,492.05

Competitive Comparison of AFMA's Days Payable

For the Insurance Brokers subindustry, AFMA'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.

AFMA's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, AFMA's Days Payable distribution charts can be found below:

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

AFMA 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.

AFMA'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
=	( (603.444	+	641.087)	/	2 )	/	120.599	*	365
=	622.2655					/	120.599	*	365
=	1,883.32

AFMA's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (817.086	+	641.087)	/	2 )	/	53.393	*	365 / 2
=	729.0865					/	53.393	*	365 / 2
=	2,492.05

AFMA Days Payable Related Terms

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AFMA (CAS:AFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AFMA SA (CAS:AFM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

22, Moulay Youssef bd, Casablanca, MAR, 20 070

Website

http://www.afma.ma

AFMA SA provides insurance brokerage services in Morocco. It offers insurance products including Damage Insurance, Insurance Operating Losses, Civil Responsibilities, Car insurance, Transport Insurance, Construction-Related Insurance, Insurance of Persons and Credit insurance. It provides insurance services to both individuals and corporate clients.

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