CIC Holdings (COL:CIC.N0000) Days Payable : 36.84 (As of Mar. 2024)

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What is CIC Holdings Days Payable?

CIC Holdings's average Accounts Payable for the three months ended in Mar. 2024 was රු4,586 Mil. CIC Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was රු11,359 Mil. Hence, CIC Holdings's Days Payable for the three months ended in Mar. 2024 was 36.84.

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

COL:CIC.N0000' s Days Payable Range Over the Past 10 Years
Min: 30.68 Med: 83.84 Max: 107.26
Current: 31.19

During the past 13 years, CIC Holdings's highest Days Payable was 107.26. The lowest was 30.68. And the median was 83.84.

COL:CIC.N0000's Days Payable is ranked worse than
78.86% of 473 companies
in the Conglomerates industry
Industry Median: 59.54 vs COL:CIC.N0000: 31.19

CIC Holdings's Days Payable declined from Mar. 2023 (38.56) to Mar. 2024 (36.84). It may suggest that CIC Holdings accelerated paying its suppliers.

CIC Holdings Days Payable Historical Data

The historical data trend for CIC Holdings'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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CIC Holdings Days Payable Chart

CIC Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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83.92

91.70

107.26

58.61

30.68

CIC Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															38.56	31.59	34.97	25.28	36.84

Competitive Comparison of CIC Holdings's Days Payable

For the Conglomerates subindustry, CIC Holdings'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.

CIC Holdings's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CIC Holdings's Days Payable distribution charts can be found below:

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

CIC Holdings 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.

CIC Holdings's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (4600.864	+	4763.848)	/	2 )	/	55706.039	*	365
=	4682.356					/	55706.039	*	365
=	30.68

CIC Holdings's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4407.53	+	4763.848)	/	2 )	/	11358.739	*	365 / 4
=	4585.689					/	11358.739	*	365 / 4
=	36.84

CIC Holdings Days Payable Related Terms

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CIC Holdings (COL:CIC.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » CIC Holdings PLC (COL:CIC.N0000) » Definitions » Days Payable

Traded in Other Exchanges

CIC.X0000:Sri Lanka

Address

199, Kew Road, Colombo, LKA, 02

Website

https://www.cic.lk

CIC Holdings PLC carries on the business of merchandising and manufacturing as its principal activities. The group has five strategic divisions which are its reportable segments, namely Crop solutions, Agri Produce, Lives Stock Solutions, Industrial Solutions, and Health and Personal care. Geographically, it generates the majority of the revenue from Srilanka and also exports to other countries.

CIC Holdings (COL:CIC.N0000) Headlines

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