South Ocean Holdings (JSE:SOH) Days Payable : 48.34 (As of Jun. 2024)

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What is South Ocean Holdings Days Payable?

South Ocean Holdings's average Accounts Payable for the six months ended in Jun. 2024 was R316 Mil. South Ocean Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was R1,193 Mil. Hence, South Ocean Holdings's Days Payable for the six months ended in Jun. 2024 was 48.34.

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

JSE:SOH' s Days Payable Range Over the Past 10 Years
Min: 13.37 Med: 26.69 Max: 51.33
Current: 51.33

During the past 13 years, South Ocean Holdings's highest Days Payable was 51.33. The lowest was 13.37. And the median was 26.69.

JSE:SOH's Days Payable is ranked worse than
69.1% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs JSE:SOH: 51.33

South Ocean Holdings's Days Payable increased from Jun. 2023 (37.59) to Jun. 2024 (48.34). It may suggest that South Ocean Holdings delayed paying its suppliers.

South Ocean Holdings Days Payable Historical Data

The historical data trend for South Ocean 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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South Ocean Holdings Days Payable Chart

South Ocean Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.86

18.71

13.37

24.12

29.99

South Ocean Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															26.63	41.07	37.59	42.93	48.34

Competitive Comparison of South Ocean Holdings's Days Payable

For the Electrical Equipment & Parts subindustry, South Ocean 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.

South Ocean Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, South Ocean Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where South Ocean Holdings's Days Payable falls into.

South Ocean 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.

South Ocean Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (173.55	+	177.369)	/	2 )	/	2135.324	*	365
=	175.4595					/	2135.324	*	365
=	29.99

South Ocean Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (177.369	+	454.706)	/	2 )	/	1193.069	*	365 / 2
=	316.0375					/	1193.069	*	365 / 2
=	48.34

South Ocean Holdings Days Payable Related Terms

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South Ocean Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » South Ocean Holdings Ltd (JSE:SOH) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

16 Botha Street, Alrode, ZAF, 1451

Website

https://southoceanholdings.co.za

South Ocean Holdings Ltd is an investment holding company. The Company through its subsidiaries manufactures electrical wires, imports and distributes electrical accessories, general-purpose insulated wire, a range of flexible conductors, steel wire armored cables, flat-twin and earth cables, aluminum conductor steel reinforced (ACSR) cables, aerial bundle conductors (ABC) and surface wire investment company and light fittings assembly. The operating segments of the company include Electrical cable manufacturing and Property investments. The company earns maximum revenue by selling Copper cables The group operates in South Africa.

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