Primeserv Group (JSE:PMV) Days Payable : 20.50 (As of Sep. 2023)

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What is Primeserv Group Days Payable?

Primeserv Group's average Accounts Payable for the six months ended in Sep. 2023 was R44.8 Mil. Primeserv Group's Cost of Goods Sold for the six months ended in Sep. 2023 was R399.1 Mil. Hence, Primeserv Group's Days Payable for the six months ended in Sep. 2023 was 20.50.

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

JSE:PMV' s Days Payable Range Over the Past 10 Years
Min: 5.46 Med: 10.77 Max: 22.42
Current: 22.42

During the past 13 years, Primeserv Group's highest Days Payable was 22.42. The lowest was 5.46. And the median was 10.77.

JSE:PMV's Days Payable is ranked worse than
74.92% of 925 companies
in the Business Services industry
Industry Median: 46.77 vs JSE:PMV: 22.42

Primeserv Group's Days Payable declined from Sep. 2022 (21.31) to Sep. 2023 (20.50). It may suggest that Primeserv Group accelerated paying its suppliers.

Primeserv Group Days Payable Historical Data

The historical data trend for Primeserv 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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Primeserv Group Days Payable Chart

Primeserv Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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13.45

18.15

15.66

14.46

15.70

Primeserv Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															16.45	16.22	21.31	20.56	20.50

Competitive Comparison of Primeserv Group's Days Payable

For the Staffing & Employment Services subindustry, Primeserv 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.

Primeserv Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Primeserv Group's Days Payable distribution charts can be found below:

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

Primeserv 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.

Primeserv Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (30.227	+	31.1)	/	2 )	/	712.901	*	365
=	30.6635					/	712.901	*	365
=	15.70

Primeserv Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (31.1	+	58.54)	/	2 )	/	399.074	*	365 / 2
=	44.82					/	399.074	*	365 / 2
=	20.50

Primeserv Group Days Payable Related Terms

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Primeserv Group (JSE:PMV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primeserv Group Ltd (JSE:PMV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Rudd Road, Illovo, Sandton, Johanessburg, GT, ZAF, 2196

Website

https://www.primeserv.co.za

Primeserv Group Ltd is an investment holding company. The company focuses on business support services delivering specialized human capital management services and solutions. Its operating segment includes Integrated Business Support Services and Shared Services. The company generates maximum revenue from the Integrated Business Support Services segment. It serves various industries such as Agriculture, Automotive, Banking, Construction, Design and Draughting, Transportation, Engineering, Financial and Insurance, Food Production, Government Services, Harbours and Railways, Hospital, Nursing, Medical, Logistics and Distribution Centres, Mechanical, Mining, Paper and Pulp, Petrochemical, Pharmaceutical, Power Generation, Retail and Wholesale, Tourism, Telecoms, Warehousing, Waste Management.

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