Pick N Pay Stores (JSE:PIK) Days Payable : 59.69 (As of Feb. 2024)

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What is Pick N Pay Stores Days Payable?

Pick N Pay Stores's average Accounts Payable for the six months ended in Feb. 2024 was R15,689 Mil. Pick N Pay Stores's Cost of Goods Sold for the six months ended in Feb. 2024 was R47,966 Mil. Hence, Pick N Pay Stores's Days Payable for the six months ended in Feb. 2024 was 59.69.

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

JSE:PIK' s Days Payable Range Over the Past 10 Years
Min: 53.19 Med: 57.68 Max: 60.88
Current: 60.88

During the past 13 years, Pick N Pay Stores's highest Days Payable was 60.88. The lowest was 53.19. And the median was 57.68.

JSE:PIK's Days Payable is ranked better than
53.84% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs JSE:PIK: 60.88

Pick N Pay Stores's Days Payable increased from Feb. 2023 (58.64) to Feb. 2024 (59.69). It may suggest that Pick N Pay Stores delayed paying its suppliers.

Pick N Pay Stores Days Payable Historical Data

The historical data trend for Pick N Pay 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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Pick N Pay Stores Days Payable Chart

Pick N Pay Stores Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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55.00

57.33

57.81

58.91

59.19

Pick N Pay Stores Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial															58.77	59.14	58.64	63.92	59.69

Competitive Comparison of Pick N Pay Stores's Days Payable

For the Department Stores subindustry, Pick N Pay 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.

Pick N Pay Stores's Days Payable Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Pick N Pay Stores's Days Payable falls into.

Pick N Pay 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.

Pick N Pay Stores's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (14661	+	15184.1)	/	2 )	/	92014.9	*	365
=	14922.55					/	92014.9	*	365
=	59.19

Pick N Pay Stores's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (16194.3	+	15184.1)	/	2 )	/	47966.2	*	365 / 2
=	15689.2					/	47966.2	*	365 / 2
=	59.69

Pick N Pay Stores Days Payable Related Terms

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Pick N Pay Stores (JSE:PIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pick N Pay Stores Ltd (JSE:PIK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PIK:Germany

Address

101 Rosmead Avenue, Pick n Pay Office Park, Kenilworth, Cape Town, WC, ZAF, 7708

Website

https://www.pnp.co.za

Pick N Pay Stores Ltd is a South African multiformat and multichannel retailer. The company operates in South Africa, Namibia, Botswana, Zambia, Mozambique, Mauritius, Swaziland, and Lesotho. The company offers food and groceries, clothing, general merchandise, and services across multiple store formats, both franchised and owned. The customer base is mainly represented by middle-income South African consumer. The portfolio of stores is composed of supermarkets, hypermarkets, local shops, express shops, clothing shops, liquor stores, pharmacies, and an Internet shopping platform.