Express Kenya (NAI:XPRS) Days Payable : 59.51 (As of Dec. 2023)

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What is Express Kenya Days Payable?

Express Kenya's average Accounts Payable for the six months ended in Dec. 2023 was KES14.85 Mil. Express Kenya's Cost of Goods Sold for the six months ended in Dec. 2023 was KES91.10 Mil. Hence, Express Kenya's Days Payable for the six months ended in Dec. 2023 was 29.75.

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

NAI:XPRS' s Days Payable Range Over the Past 10 Years
Min: 59.51 Med: 199.92 Max: 302.81
Current: 59.51

During the past 13 years, Express Kenya's highest Days Payable was 302.81. The lowest was 59.51. And the median was 199.92.

NAI:XPRS's Days Payable is ranked better than
58.84% of 916 companies
in the Business Services industry
Industry Median: 45.96 vs NAI:XPRS: 59.51

Express Kenya's Days Payable declined from Dec. 2021 (120.48) to Dec. 2023 (59.51). It may suggest that Express Kenya accelerated paying its suppliers.

Express Kenya Days Payable Historical Data

The historical data trend for Express Kenya'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.

* Premium members only.

Express Kenya Days Payable Chart

Express Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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302.81

240.38

120.48

117.04

59.51

Express Kenya Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Days Payable	Get a 7-Day Free Trial								302.81	240.38	120.48	117.04	59.51

Competitive Comparison of Express Kenya's Days Payable

For the Specialty Business Services subindustry, Express Kenya'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.

Express Kenya's Days Payable Distribution in the Business Services Industry

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

* The bar in red indicates where Express Kenya's Days Payable falls into.

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Express Kenya 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.

Express Kenya'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
=	( (15.33	+	14.377)	/	2 )	/	91.104	*	365
=	14.8535					/	91.104	*	365
=	59.51

Express Kenya's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15.33	+	14.377)	/	2 )	/	91.104	*	365 / 2
=	14.8535					/	91.104	*	365 / 2
=	29.75

Express Kenya Days Payable Related Terms

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Express Kenya Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Express Kenya PLC (NAI:XPRS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road A, Off Enterprise Road, Industrial Area, P.O. Box 40433, Express House, Nairobi, KEN, 00100

Website

https://www.expresskenya.co.ke

Express Kenya PLC engages in the provision of clearing and forwarding services for both air and sea, as well as warehousing and logistics services. It operates through the following segments: Warehousing, and Real Estate. The Warehousing segment which accounts for the majority of revenue comprises the storage of customers' goods in the warehousing facility. The Real Estate segment consists of the development of properties. Geographically, the company operates only in Kenya.

Express Kenya Headlines

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