Choppies Enterprises (JSE:CHP) Days Payable : 47.94 (As of Dec. 2023)

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What is Choppies Enterprises Days Payable?

Choppies Enterprises's average Accounts Payable for the six months ended in Dec. 2023 was R1,222 Mil. Choppies Enterprises's Cost of Goods Sold for the six months ended in Dec. 2023 was R4,652 Mil. Hence, Choppies Enterprises's Days Payable for the six months ended in Dec. 2023 was 47.94.

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

JSE:CHP' s Days Payable Range Over the Past 10 Years
Min: 33.62 Med: 43.44 Max: 91.56
Current: 56.88

During the past 13 years, Choppies Enterprises's highest Days Payable was 91.56. The lowest was 33.62. And the median was 43.44.

JSE:CHP's Days Payable is ranked better than
65.46% of 304 companies
in the Retail - Defensive industry
Industry Median: 44.25 vs JSE:CHP: 56.88

Choppies Enterprises's Days Payable declined from Dec. 2022 (48.17) to Dec. 2023 (47.94). It may suggest that Choppies Enterprises accelerated paying its suppliers.

Choppies Enterprises Days Payable Historical Data

The historical data trend for Choppies 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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Choppies Enterprises Days Payable Chart

Choppies Enterprises Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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91.56

58.14

43.95

45.06

43.20

Choppies 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															47.66	55.05	48.17	59.38	47.94

Competitive Comparison of Choppies Enterprises's Days Payable

For the Grocery Stores subindustry, Choppies 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.

Choppies Enterprises's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Choppies Enterprises's Days Payable distribution charts can be found below:

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

Choppies 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.

Choppies 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
=	( (808.69	+	851.544)	/	2 )	/	7014.176	*	365
=	830.117					/	7014.176	*	365
=	43.20

Choppies 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
=	( (851.544	+	1592.497)	/	2 )	/	4651.695	*	365 / 2
=	1222.0205					/	4651.695	*	365 / 2
=	47.94

Choppies Enterprises Days Payable Related Terms

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Choppies Enterprises (JSE:CHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Choppies Enterprises Ltd (JSE:CHP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CHOPPIES:Botswana

Address

Plot 169, Gaborone International Commerce Park, Gaborone, BWA, 00278

Website

https://www.choppies.co.bw

Choppies Enterprises Ltd operates a supermarket chain store in Botswana. The company's supermarket store offers international food brands, fast-moving consumer goods products, and Choppies' private brand products. Its product offerings include groceries, fresh fruit and vegetables, bakery, butchery, takeaways, and value added/ financial services. The company segments consist of Botswana, Zambia, Zimbabwe, and Namibia. Majority of the revenue is derived from Botswana.

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