Adcock Ingram Holdings (JSE:AIP) Days Payable : 90.26 (As of Jun. 2024)

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What is Adcock Ingram Holdings Days Payable?

Adcock Ingram Holdings's average Accounts Payable for the six months ended in Jun. 2024 was R1,629 Mil. Adcock Ingram Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was R3,294 Mil. Hence, Adcock Ingram Holdings's Days Payable for the six months ended in Jun. 2024 was 90.26.

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

JSE:AIP' s Days Payable Range Over the Past 10 Years
Min: 63.15 Med: 74.41 Max: 110.5
Current: 84.52

During the past 13 years, Adcock Ingram Holdings's highest Days Payable was 110.50. The lowest was 63.15. And the median was 74.41.

JSE:AIP's Days Payable is ranked worse than
51.5% of 969 companies
in the Drug Manufacturers industry
Industry Median: 86.34 vs JSE:AIP: 84.52

Adcock Ingram Holdings's Days Payable declined from Jun. 2023 (98.40) to Jun. 2024 (90.26). It may suggest that Adcock Ingram Holdings accelerated paying its suppliers.

Adcock Ingram Holdings Days Payable Historical Data

The historical data trend for Adcock Ingram 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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Adcock Ingram Holdings Days Payable Chart

Adcock Ingram Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

Get a 7-Day Free Trial

110.50

104.79

63.15

69.02

67.12

Adcock Ingram Holdings 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															98.16	89.43	98.40	96.32	90.26

Competitive Comparison of Adcock Ingram Holdings's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Adcock Ingram 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.

Adcock Ingram Holdings's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Adcock Ingram Holdings's Days Payable distribution charts can be found below:

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

Adcock Ingram 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.

Adcock Ingram Holdings's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (1204.64	+	1158.278)	/	2 )	/	6424.596	*	365
=	1181.459					/	6424.596	*	365
=	67.12

Adcock Ingram Holdings'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
=	( (2099.939	+	1158.278)	/	2 )	/	3293.839	*	365 / 2
=	1629.1085					/	3293.839	*	365 / 2
=	90.26

Adcock Ingram Holdings Days Payable Related Terms

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Adcock Ingram Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Adcock Ingram Holdings Ltd (JSE:AIP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 New Road, (c/o New Road & 7th Street), Midrand, Johannesburg, GT, ZAF, 1682

Website

https://www.adcock.com

Adcock Ingram Holdings Ltd is a drug manufacturing company. The company manufactures, markets, and distributes a wide range of healthcare products. The company generates roughly two-thirds of its sales from the private sector, with the remaining from the public sector. Adcock operates in four broad areas: renal disease, medicine delivery, transfusion therapies, and blood and specialized pharmaceuticals. The company generates the vast majority of its revenue in southern Africa, followed by the rest of Africa and India.