SRSCQ (Sears Canada) Days Payable: 58.78 (As of Apr. 2017)


What is Sears Canada Days Payable?

Sears Canada SRSCQ -99.00% Days Payable is 58.78 as of Apr. 2017.

Sears Canada's average Accounts Payable for the three months ended in Apr. 2017 was $188 Mil. Sears Canada's Cost of Goods Sold for the three months ended in Apr. 2017 was $291 Mil. Hence, Sears Canada's Days Payable for the three months ended in Apr. 2017 was 58.78.

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

SRSCQ's Days Payable is not ranked *
in the Retail - Cyclical industry.
Industry Median: 51.625
* Ranked among companies with meaningful Days Payable only.

Sears Canada's Days Payable increased from Apr. 2016 (47.53) to Apr. 2017 (58.78). It may suggest that Sears Canada delayed paying its suppliers.

Sears Canada Days Payable Historical Data

* Premium members only.

The historical data trend for Sears Canada'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.

Sears Canada Days Payable Chart

Sears Canada Annual Data
Trend Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.55 43.63 39.98 34.32 30.60

Sears Canada Quarterly Data
Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17
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 47.53 58.66 66.45 42.14 58.78

Sears Canada Days Payable Competitor Comparison

For the Department Stores subindustry, Sears Canada'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.

Sears Canada Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sears Canada's Days Payable distribution charts can be found below:

* The bar in red indicates where Sears Canada's Days Payable falls into.


Sears Canada 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.

Sears Canada's Days Payable for the fiscal year that ended in Jan. 2017 is calculated as

Days Payable (A: Jan. 2017 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jan. 2016 ) + Accounts Payable (A: Jan. 2017 )) / count ) / Cost of Goods Sold (A: Jan. 2017 )*Days in Period
=( (114.372 + 127.361) / 2 ) / 1441.629*365
=120.8665 / 1441.629*365
=30.60

Sears Canada's Days Payable for the quarter that ended in Apr. 2017 is calculated as:

Days Payable (Q: Apr. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jan. 2017 ) + Accounts Payable (Q: Apr. 2017 )) / count ) / Cost of Goods Sold (Q: Apr. 2017 )*Days in Period
=( (127.361 + 247.823) / 2 ) / 291.211*365 / 4
=187.592 / 291.211*365 / 4
=58.78

* 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 58.78 mean?
Sears Canada (SRSCQ) has a Days Payable of 58.78 as of Apr. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Sears Canada and its competitors.
Is Sears Canada's Days Payable too high?
Sears Canada's current Days Payable is 58.78. The Retail - Cyclical industry median Days Payable is 51.63. Sears Canada's value of 58.78 is 13.9% above this industry median.
How does Sears Canada's Days Payable compare to competitors?
Sears Canada's Days Payable of 58.78 can be compared against companies in the Retail - Cyclical industry. The industry median Days Payable is 51.63. Sears Canada's value of 58.78 is 13.9% 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.63, based on 1,098 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. Sears Canada's current Days Payable of 58.78 is 13.9% 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 Sears Canada and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sears Canada's current Days Payable is 58.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sears Canada stock overvalued right now?
Sears Canada (SRSCQ) has a current Days Payable of 58.78. The current Days Payable is 58.78 and 13.9% above the Retail - Cyclical industry median of 51.63. 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 Sears Canada (SRSCQ), the current Days Payable is 58.78 as of Apr. 2017. 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.

Sears Canada Business Description

Address 290 Yonge Street, Suite 700, Toronto, ON, CAN, M5B 2C3
Sears Canada Inc is in the sale of goods and services through the Company's Retail channels. It comprised of one reportable segment, Merchandising. Which includes its full-line department, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. stores, and its Direct (catalog/internet) channel. It also includes service revenue related primarily to logistics services provided through the Company. Commission revenue includes travel, home improvement services, insurance, wireless and long-distance plans. Licensee fee revenue is comprised of payments received from licensees that operate within the Company stores.