African And Overseas Enterprises (JSE:AOVP) Days Payable : 54.81 (As of Dec. 2023)

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What is African And Overseas Enterprises Days Payable?

African And Overseas Enterprises's average Accounts Payable for the six months ended in Dec. 2023 was R61.9 Mil. African And Overseas Enterprises's Cost of Goods Sold for the six months ended in Dec. 2023 was R206.1 Mil. Hence, African And Overseas Enterprises's Days Payable for the six months ended in Dec. 2023 was 54.81.

The historical rank and industry rank for African And Overseas Enterprises's Days Payable or its related term are showing as below:

JSE:AOVP' s Days Payable Range Over the Past 10 Years
Min: 26.18 Med: 51 Max: 112.03
Current: 75.69

During the past 13 years, African And Overseas Enterprises's highest Days Payable was 112.03. The lowest was 26.18. And the median was 51.00.

JSE:AOVP's Days Payable is ranked better than
63.86% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 55.735 vs JSE:AOVP: 75.69

African And Overseas Enterprises's Days Payable declined from Dec. 2022 (69.15) to Dec. 2023 (54.81). It may suggest that African And Overseas Enterprises accelerated paying its suppliers.

African And Overseas Enterprises Days Payable Historical Data

The historical data trend for African And Overseas Enterprises'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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African And Overseas Enterprises Days Payable Chart

African And Overseas Enterprises Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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26.18

47.85

112.03

86.27

35.15

African And Overseas Enterprises Semi-Annual Data
	Jun14	Dec14	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															115.92	94.21	69.15	74.13	54.81

Competitive Comparison of African And Overseas Enterprises's Days Payable

For the Apparel Retail subindustry, African And Overseas Enterprises'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.

African And Overseas Enterprises's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, African And Overseas Enterprises's Days Payable distribution charts can be found below:

* The bar in red indicates where African And Overseas Enterprises's Days Payable falls into.

African And Overseas Enterprises 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.

African And Overseas Enterprises's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (43.146	+	27.184)	/	2 )	/	365.199	*	365
=	35.165					/	365.199	*	365
=	35.15

African And Overseas Enterprises'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
=	( (27.184	+	96.625)	/	2 )	/	206.127	*	365 / 2
=	61.9045					/	206.127	*	365 / 2
=	54.81

African And Overseas Enterprises Days Payable Related Terms

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African And Overseas Enterprises (JSE:AOVP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » African And Overseas Enterprises Ltd (JSE:AOVP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AON:South Africa

Address

263 Victoria Road, Rex Trueform Office Park, Salt River,, Cape Town, WC, ZAF, 7925

Website

https://www.rextrueform.com

African And Overseas Enterprises Ltd is an investment holding company. The company operates in five segments: Retail division comprises the retailing of fashion apparel through Queenspark stores in South Africa. Property division comprises of the group's property portfolio based in Cape Town which includes both investment and owner-occupied properties.; Water infrastructure segment comprises an indirect investment made in a private water and wastewater utility group operating in the South African provinces of Mpumalanga and KwaZulu-Natal, Media and broadcasting comprises the provision of media and satellite equipment and services through Telemedia, and the Group Services division manages the corporate responsibility and includes corporate costs. The Retail Segment derives maximum revenue.

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