Combined Motor Holdings (JSE:CMH) Days Payable : 66.88 (As of Feb. 2024)

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What is Combined Motor Holdings Days Payable?

Combined Motor Holdings's average Accounts Payable for the six months ended in Feb. 2024 was R1,818 Mil. Combined Motor Holdings's Cost of Goods Sold for the six months ended in Feb. 2024 was R4,962 Mil. Hence, Combined Motor Holdings's Days Payable for the six months ended in Feb. 2024 was 66.88.

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

JSE:CMH' s Days Payable Range Over the Past 10 Years
Min: 41.97 Med: 51.59 Max: 61.83
Current: 60.84

During the past 13 years, Combined Motor Holdings's highest Days Payable was 61.83. The lowest was 41.97. And the median was 51.59.

JSE:CMH's Days Payable is ranked worse than
54.62% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 66.62 vs JSE:CMH: 60.84

Combined Motor Holdings's Days Payable increased from Feb. 2023 (56.53) to Feb. 2024 (66.88). It may suggest that Combined Motor Holdings delayed paying its suppliers.

Combined Motor Holdings Days Payable Historical Data

The historical data trend for Combined Motor 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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Combined Motor Holdings Days Payable Chart

Combined Motor Holdings Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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51.12

61.83

41.97

46.52

56.89

Combined Motor Holdings Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial															48.83	49.55	56.53	59.05	66.88

Competitive Comparison of Combined Motor Holdings's Days Payable

For the Auto & Truck Dealerships subindustry, Combined Motor 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.

Combined Motor Holdings's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's Days Payable distribution charts can be found below:

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

Combined Motor 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.

Combined Motor Holdings'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
=	( (1520.574	+	1694.224)	/	2 )	/	10313.533	*	365
=	1607.399					/	10313.533	*	365
=	56.89

Combined Motor Holdings'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
=	( (1942.387	+	1694.224)	/	2 )	/	4961.801	*	365 / 2
=	1818.3055					/	4961.801	*	365 / 2
=	66.88

Combined Motor Holdings Days Payable Related Terms

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Combined Motor Holdings (JSE:CMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Combined Motor Holdings Ltd (JSE:CMH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Wilton Crescent, Umhlanga Ridge, Durban, ZAF, 4319

Website

https://www.cmh.co.za

Combined Motor Holdings Ltd is a South Africa-based investment holding company. The company with its subsidiaries is primarily engaged in retail motor, car hire, and financial services. The company operates in four business segments namely Motor retail and distribution segment which comprises of retail motor dealerships of Volvo, Land Rover, Jaguar, Honda, Ford, Mazda, General Motors, Lexus, Mitsubishi, Volkswagen, Toyota, and Morris Garages, among others which also contributes a major part of revenue; Car Hire segment; Financial services segment and, Corporate services and others segment. The majority of its revenue is earned from the South African market.

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