Tongaat Hulett (JSE:TON) Days Payable: 88.18 (As of Sep. 2021)


JSE:TON Tongaat Hulett Ltd JSE:TON
11 GF Score
Price R4.04
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What is Tongaat Hulett Days Payable?

Tongaat Hulett JSE:TON 11 Days Payable is 88.18 as of Sep. 2021. GuruFocus rates JSE:TON with a GF Score™ of 11/100.

Tongaat Hulett's average Accounts Payable for the six months ended in Sep. 2021 was R2,713 Mil. Tongaat Hulett's Cost of Goods Sold for the six months ended in Sep. 2021 was R5,615 Mil. Hence, Tongaat Hulett's Days Payable for the six months ended in Sep. 2021 was 88.18.

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

JSE:TON's Days Payable is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 44.145
* Ranked among companies with meaningful Days Payable only.

Tongaat Hulett's Days Payable increased from Sep. 2020 (78.31) to Sep. 2021 (88.18). It may suggest that Tongaat Hulett delayed paying its suppliers.

Tongaat Hulett Days Payable Historical Data

* Premium members only.

The historical data trend for Tongaat Hulett'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.

Tongaat Hulett Days Payable Chart

Tongaat Hulett Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85.48 52.73 46.86 45.16 33.85

Tongaat Hulett Semi-Annual Data
Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21
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 133.23 95.29 78.31 74.52 88.18

JSE:TON vs MDLZ, HSY, TR: Days Payable Comparison

For the Confectioners subindustry, Tongaat Hulett'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.

Tongaat Hulett Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tongaat Hulett's Days Payable distribution charts can be found below:

* The bar in red indicates where Tongaat Hulett's Days Payable falls into.


JSE:TON
11GF Score
Tongaat Hulett Ltd JSE:TON
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Tongaat Hulett 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.

Tongaat Hulett's Days Payable for the fiscal year that ended in Mar. 2021 is calculated as

Days Payable (A: Mar. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2020 ) + Accounts Payable (A: Mar. 2021 )) / count ) / Cost of Goods Sold (A: Mar. 2021 )*Days in Period
=( (922 + 1053) / 2 ) / 10649*365
=987.5 / 10649*365
=33.85

Tongaat Hulett's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

Days Payable (Q: Sep. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2021 ) + Accounts Payable (Q: Sep. 2021 )) / count ) / Cost of Goods Sold (Q: Sep. 2021 )*Days in Period
=( (1053 + 4373) / 2 ) / 5615*365 / 2
=2713 / 5615*365 / 2
=88.18

* 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 88.18 mean?
Tongaat Hulett (JSE:TON) has a Days Payable of 88.18 as of Sep. 2021. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tongaat Hulett and its competitors.
Is Tongaat Hulett's Days Payable too high?
Tongaat Hulett's current Days Payable is 88.18. The Consumer Packaged Goods industry median Days Payable is 44.15. Tongaat Hulett's value of 88.18 is 99.8% above this industry median. Overall, Tongaat Hulett has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Tongaat Hulett's Days Payable compare to MDLZ and HSY?
Tongaat Hulett's Days Payable of 88.18 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Payable is 44.15. Tongaat Hulett's value of 88.18 is 99.8% above this benchmark. 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.15, based on 1,882 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. Tongaat Hulett's current Days Payable of 88.18 is 99.8% above 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 Tongaat Hulett and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongaat Hulett's current Days Payable is 88.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongaat Hulett stock overvalued right now?
Tongaat Hulett (JSE:TON) has a current Days Payable of 88.18. The current Days Payable is 88.18 and 99.8% above the Consumer Packaged Goods industry median of 44.15. Tongaat Hulett's overall GF Score™ is 11/100. 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 Tongaat Hulett (JSE:TON), the current Days Payable is 88.18 as of Sep. 2021. 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.

Tongaat Hulett Business Description

Address Amanzimnyama Hill Road, P O Box 3, Tongaat, NL, ZAF, 4400
Tongaat Hulett Ltd produces sugar and glucose in Africa. It procures its raw materials both from land it owns and from private farmers. Tongaat sells its products to customers in the foodservice industry and to consumers as branded products. Raw sugar sales make up most of the company's revenue. Its biggest markets are South Africa, Zimbabwe, and Mozambique. The company also earns revenue by converting and developing land that it owns and has used for agricultural purposes. Additionally, the by-products from its manufacturing processes create renewable energy, which the company uses to supply electricity to the grid in some instances.
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