Premier Group (JSE:PMR) Days Payable : 46.89 (As of Mar. 2024)

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What is Premier Group Days Payable?

Premier Group's average Accounts Payable for the six months ended in Mar. 2024 was R1,579 Mil. Premier Group's Cost of Goods Sold for the six months ended in Mar. 2024 was R12,289 Mil. Hence, Premier Group's Days Payable for the six months ended in Mar. 2024 was 23.44.

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

JSE:PMR' s Days Payable Range Over the Past 10 Years
Min: 46.89 Med: 47.83 Max: 48.76
Current: 46.89

During the past 2 years, Premier Group's highest Days Payable was 48.76. The lowest was 46.89. And the median was 47.83.

JSE:PMR's Days Payable is ranked better than
52.9% of 310 companies
in the Retail - Defensive industry
Industry Median: 44.495 vs JSE:PMR: 46.89

Premier Group's Days Payable increased from . 20 (0.00) to Mar. 2024 (46.89). It may suggest that Premier Group delayed paying its suppliers.

Premier Group Days Payable Historical Data

The historical data trend for Premier Group'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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Premier Group Days Payable Chart

Premier Group Annual Data

Trend

Mar23

Mar24

Days Payable

48.76

46.89

Premier Group Semi-Annual Data
	Mar23	Mar24
Days Payable	48.76	46.89

Competitive Comparison of Premier Group's Days Payable

For the Grocery Stores subindustry, Premier Group'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.

Premier Group's Days Payable Distribution in the Retail - Defensive Industry

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

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

Premier Group 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.

Premier Group's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (1672.787	+	1484.593)	/	2 )	/	12289.261	*	365
=	1578.69					/	12289.261	*	365
=	46.89

Premier Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1672.787	+	1484.593)	/	2 )	/	12289.261	*	365 / 2
=	1578.69					/	12289.261	*	365 / 2
=	23.44

Premier Group Days Payable Related Terms

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Premier Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Premier Group Ltd (JSE:PMR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maxwell Office Park, Building 5, Magwa Crescent West, Isando, ZAF, 1600

Website

https://www.premierfmcg.com

Premier Group Ltd is engaged in the manufacturing and distribution of staple milling and baking products, confectionery and home and personal care (HPC) products. The company is organized into two segments Millbake and Groceries and International. It derives maximum revenue from Millbake segment.

Premier Group Headlines

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