Brikor (JSE:BIK) Days Payable : 72.03 (As of Feb. 2024)

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What is Brikor Days Payable?

Brikor's average Accounts Payable for the six months ended in Feb. 2024 was R56.3 Mil. Brikor's Cost of Goods Sold for the six months ended in Feb. 2024 was R142.6 Mil. Hence, Brikor's Days Payable for the six months ended in Feb. 2024 was 72.03.

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

JSE:BIK' s Days Payable Range Over the Past 10 Years
Min: 25.05 Med: 35.52 Max: 61.22
Current: 61.22

During the past 13 years, Brikor's highest Days Payable was 61.22. The lowest was 25.05. And the median was 35.52.

JSE:BIK's Days Payable is ranked worse than
54.4% of 375 companies
in the Building Materials industry
Industry Median: 66.04 vs JSE:BIK: 61.22

Brikor's Days Payable increased from Feb. 2023 (56.81) to Feb. 2024 (72.03). It may suggest that Brikor delayed paying its suppliers.

Brikor Days Payable Historical Data

The historical data trend for Brikor'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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Brikor Days Payable Chart

Brikor Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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29.13

25.05

31.18

39.47

41.33

Brikor Semi-Annual Data
	Feb12	Aug12	Aug13	Feb15	Feb16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial															70.10	45.32	56.81	70.28	72.03

Competitive Comparison of Brikor's Days Payable

For the Building Materials subindustry, Brikor'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.

Brikor's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Brikor's Days Payable distribution charts can be found below:

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

Brikor 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.

Brikor's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (28.615	+	34.916)	/	2 )	/	280.556	*	365
=	31.7655					/	280.556	*	365
=	41.33

Brikor's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (77.642	+	34.916)	/	2 )	/	142.598	*	365 / 2
=	56.279					/	142.598	*	365 / 2
=	72.03

Brikor Days Payable Related Terms

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Brikor (JSE:BIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Brikor Ltd (JSE:BIK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Marievale Road, Vorsterskroon, Nigel, GT, ZAF, 1490

Website

https://www.brikor.co.za

Brikor Ltd is a conglomerate company engaged in the manufacturing and supplying of bricks and mining of coal. The company operates in two segments which are Bricks, which include manufacturing and sales of bricks, and Coal which includes mining and sale of coal. The company earns the majority of its revenue from the Bricks segment.

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