Edgars Stores (XZIM:EDGR.ZW) Days Payable : 302.72 (As of Jun. 2023)

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What is Edgars Stores Days Payable?

Edgars Stores's average Accounts Payable for the six months ended in Jun. 2023 was $36.56 Mil. Edgars Stores's Cost of Goods Sold for the six months ended in Jun. 2023 was $22.04 Mil. Hence, Edgars Stores's Days Payable for the six months ended in Jun. 2023 was 302.72.

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

XZIM:EDGR.ZW' s Days Payable Range Over the Past 10 Years
Min: 21.69 Med: 53.22 Max: 286.32
Current: 286.32

During the past 8 years, Edgars Stores's highest Days Payable was 286.32. The lowest was 21.69. And the median was 53.22.

XZIM:EDGR.ZW's Days Payable is ranked better than
93.8% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.77 vs XZIM:EDGR.ZW: 286.32

Edgars Stores's Days Payable increased from Jun. 2022 (50.04) to Jun. 2023 (302.72). It may suggest that Edgars Stores delayed paying its suppliers.

Edgars Stores Days Payable Historical Data

The historical data trend for Edgars Stores'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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Edgars Stores Days Payable Chart

Edgars Stores Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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21.69

55.85

67.51

58.75

53.22

Edgars Stores Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial									41.98	40.80	50.04	93.93	302.72

Competitive Comparison of Edgars Stores's Days Payable

For the Apparel Retail subindustry, Edgars Stores'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.

Edgars Stores's Days Payable Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Edgars Stores's Days Payable falls into.

Edgars Stores 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.

Edgars Stores's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (8.108	+	4.467)	/	2 )	/	43.119	*	365
=	6.2875					/	43.119	*	365
=	53.22

Edgars Stores's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (4.467	+	68.648)	/	2 )	/	22.039	*	365 / 2
=	36.5575					/	22.039	*	365 / 2
=	302.72

Edgars Stores Days Payable Related Terms

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Edgars Stores (XZIM:EDGR.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Edgars Stores Ltd (XZIM:EDGR.ZW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cnr Ninth Avenue / Herbert Chitepo Street, P.O. Box 894, Bulawayo, ZWE

Website

https://www.edgars.co.zw

Edgars Stores Ltd retails clothing, footwear, textiles, and accessories in Zimbabwe. The company also manufactures and sells a range of denim, as well as ladies', children's, and gents' casual wear to other retailers. The company has classified its products and services into six operating segments namely Retailing, Edgars, Jet, Manufacturing, Micro Finance, and Financial Services. The majority of the revenue is generated from the retail sales of its products. Its operations are spread across Zimbabwe.

Edgars Stores (XZIM:EDGR.ZW) Headlines

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