Combined Motor Holdings (JSE:CMH) Days Payable: 56.05 (As of Feb. 2026) — Near Median


JSE:CMH Combined Motor Holdings Ltd JSE:CMH
92 GF Score
Price R38.85
GF Value R38.82
Valuation Fairly Valued
! 2 Warning Signs
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What is Combined Motor Holdings Days Payable?

Combined Motor Holdings JSE:CMH -1.47% 92 Days Payable is 56.05 as of Feb. 2026, which is 6% above its 10-year median of 52.65. GuruFocus rates JSE:CMH with a GF Score™ of 92/100 and a GF Value™ of R38.82 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,309 Vehicles & Parts companies, Combined Motor Holdings ranks worse than 60.05% on this metric.

Combined Motor Holdings's average Accounts Payable for the six months ended in Feb. 2026 was R2,073 Mil. Combined Motor Holdings's Cost of Goods Sold for the six months ended in Feb. 2026 was R6,749 Mil. Hence, Combined Motor Holdings's Days Payable for the six months ended in Feb. 2026 was 56.05.

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: 52.65   Max: 61.83
Current: 55.28

During the past 13 years, Combined Motor Holdings's highest Days Payable was 61.83. The lowest was 41.97. And the median was 52.65.

JSE:CMH's Days Payable is ranked worse than
60.05% of 1309 companies
in the Vehicles & Parts industry
Industry Median: 67.02 vs JSE:CMH: 55.28

Combined Motor Holdings's Days Payable declined from Feb. 2025 (61.33) to Feb. 2026 (56.05). It may suggest that Combined Motor Holdings accelerated paying its suppliers.


Combined Motor Holdings Days Payable Historical Data

* Premium members only.

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.

Combined Motor Holdings Days Payable Chart

Combined Motor Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.97 46.52 56.89 58.53 52.32

Combined Motor Holdings Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.88 62.24 61.33 57.54 56.05

JSE:CMH vs CVNA, PAG, ALTB: Days Payable Comparison

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 Days Payable vs 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.


JSE:CMH
92GF Score
Combined Motor Holdings Ltd JSE:CMH
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 2026 is calculated as

Days Payable (A: Feb. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Feb. 2025 ) + Accounts Payable (A: Feb. 2026 )) / count ) / Cost of Goods Sold (A: Feb. 2026 )*Days in Period
=( (1765.282 + 1963.904) / 2 ) / 13007.03*365
=1864.593 / 13007.03*365
=52.32

Combined Motor Holdings's Days Payable for the quarter that ended in Feb. 2026 is calculated as:

Days Payable (Q: Feb. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2025 ) + Accounts Payable (Q: Feb. 2026 )) / count ) / Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=( (2181.105 + 1963.904) / 2 ) / 6748.703*365 / 2
=2072.5045 / 6748.703*365 / 2
=56.05

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 56.05 mean?
Combined Motor Holdings (JSE:CMH) has a Days Payable of 56.05 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Combined Motor Holdings and its competitors. This is near median its historical median of 52.65. Over the past decade, Combined Motor Holdings' Days Payable has ranged from 41.97 to 61.83. According to the industry distribution chart, Combined Motor Holdings ranks #786 out of 1309 companies in the Vehicles & Parts industry, placing it in the top 60%.
Is Combined Motor Holdings' Days Payable too high?
Combined Motor Holdings' current Days Payable of 56.05 is near median its 10-year median of 52.65. Over the past 10 years, this metric has ranged from a low of 41.97 to a high of 61.83. The Vehicles & Parts industry median Days Payable is 67.02. Combined Motor Holdings' value of 56.05 is 16.4% below this industry median. Based on the distribution chart, Combined Motor Holdings ranks #786 out of 1309 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Combined Motor Holdings has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Combined Motor Holdings' Days Payable compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Combined Motor Holdings ranks #786 out of 1309 companies for Days Payable. This places Combined Motor Holdings in the lower half of its industry. The industry median Days Payable is 67.02. Combined Motor Holdings' value of 56.05 is 16.4% below this benchmark. Historically, Combined Motor Holdings' own Days Payable has ranged from 41.97 to 61.83 over the past decade. While the company's 10-year median is 52.65 vs. the industry median of 67.02, Combined Motor Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.02, based on 1,309 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Combined Motor Holdings's current Days Payable of 56.05 is 16.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Combined Motor Holdings and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Combined Motor Holdings's current Days Payable is 56.05, which is near median its own 10-year median of 52.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Motor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Combined Motor Holdings (JSE:CMH) is currently considered Fairly Valued. The stock's GF Value™ is R38.82, compared to a current price of R38.85 — trading 0.1% above its estimated fair value. The current Days Payable is 56.05, which is near median its 10-year median of 52.65 and 16.4% below the Vehicles & Parts industry median of 67.02. Combined Motor Holdings' overall GF Score™ is 92/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Combined Motor Holdings (JSE:CMH), the current Days Payable is 56.05 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Combined Motor Holdings (JSE:CMH) Overvalued in 2026?

Based on GuruFocus' analysis, Combined Motor Holdings stock appears to be overvalued. The current stock price of R38.85 is trading 0.1% above its estimated GF Value™ of R38.82. GuruFocus considers Combined Motor Holdings to be Fairly Valued.

Key valuation signals for JSE:CMH:

  • Days Payable: 56.05 (near median its 10-year median of 52.65)
  • GF Value™: R38.82 vs. price of R38.85 (0.1% above fair value)
  • GF Score™: 92/100 with 2 warning signs
  • Industry Position: 16.4% below the Vehicles & Parts median (#786 of 1309)

No single metric tells the full story. See the JSE:CMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Combined Motor Holdings Business Description

Address 1 Wilton Crescent, Umhlanga Ridge, Durban, ZAF, 4319
Combined Motor Holdings Ltd is a South Africa-based investment holding company engaged in motor retail and distribution, car hire, and financial services. The Company operates through four business segments: Motor Retail and Distribution, which generates maximum revenue and covers passenger, light commercial, and heavy commercial vehicles in both the volume and luxury categories; Car Hire, which offers a range of well-maintained vehicles for short- and long-term hire; Financial Services, which provides insurance underwriting facilities for products sold with new and used vehicles, including coverage for death, disability, dread disease, retrenchment, vehicle and component warranties, and vehicle financing through joint ventures with two finance houses; and Corporate Services and Other.
92GF Score

Get the complete analysis for JSE:CMH

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R38.85
Price
R38.82
GF Value