African Distillers (XZIM:AFDS.ZW) Days Payable : 26.38 (As of Mar. 2024)

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What is African Distillers Days Payable?

African Distillers's average Accounts Payable for the six months ended in Mar. 2024 was ZWG63 Mil. African Distillers's Cost of Goods Sold for the six months ended in Mar. 2024 was ZWG873 Mil. Hence, African Distillers's Days Payable for the six months ended in Mar. 2024 was 13.19.

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

XZIM:AFDS.ZW' s Days Payable Range Over the Past 10 Years
Min: 26.38 Med: 139.3 Max: 187.36
Current: 26.38

During the past 12 years, African Distillers's highest Days Payable was 187.36. The lowest was 26.38. And the median was 139.30.

XZIM:AFDS.ZW's Days Payable is ranked worse than
87.94% of 199 companies
in the Beverages - Alcoholic industry
Industry Median: 79.67 vs XZIM:AFDS.ZW: 26.38

African Distillers's Days Payable declined from Jun. 2018 (187.36) to Mar. 2024 (26.38). It may suggest that African Distillers accelerated paying its suppliers.

African Distillers Days Payable Historical Data

The historical data trend for African Distillers'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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African Distillers Days Payable Chart

African Distillers Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Mar23

Mar24

Days Payable

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144.52

114.28

187.36

163.21

26.38

African Distillers Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Mar23	Mar24
Days Payable	Get a 7-Day Free Trial							144.52	114.28	187.36	163.21	26.38

Competitive Comparison of African Distillers's Days Payable

For the Beverages - Wineries & Distilleries subindustry, African Distillers'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.

African Distillers's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, African Distillers's Days Payable distribution charts can be found below:

* The bar in red indicates where African Distillers's Days Payable falls into.

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African Distillers 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.

African Distillers's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0	+	63.079)	/	1 )	/	872.915	*	365
=	63.079					/	872.915	*	365
=	26.38

African Distillers's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	63.079)	/	1 )	/	872.915	*	365 / 2
=	63.079					/	872.915	*	365 / 2
=	13.19

African Distillers Days Payable Related Terms

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African Distillers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » African Distillers Ltd (XZIM:AFDS.ZW) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

St Marnock's, Stapleford, Harare, ZWE

Website

https://www.africandistillers.co.zw

African Distillers Ltd is engaged in the manufacturing, distribution, and marketing of branded spirits, ciders, and wines for the Zimbabwean market and for export. The company has six depots in Bulawayo, Harare, Kwekwe, Masvingo, Mutare and Victoria Falls. Brown spirits sales generate maximum revenue for the company. The product portfolio includes brown spirits, ciders, white spirits, still wines, liqueur, spirit coolers, fortified wines, sparkling wines, and sparkling juice.

African Distillers Headlines

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