Italtile (JSE:ITE) Days Payable : 31.70 (As of Dec. 2023)

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What is Italtile Days Payable?

Italtile's average Accounts Payable for the six months ended in Dec. 2023 was R490 Mil. Italtile's Cost of Goods Sold for the six months ended in Dec. 2023 was R2,818 Mil. Hence, Italtile's Days Payable for the six months ended in Dec. 2023 was 31.70.

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

JSE:ITE' s Days Payable Range Over the Past 10 Years
Min: 23.21 Med: 34.81 Max: 43.39
Current: 36.51

During the past 13 years, Italtile's highest Days Payable was 43.39. The lowest was 23.21. And the median was 34.81.

JSE:ITE's Days Payable is ranked worse than
68.55% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs JSE:ITE: 36.51

Italtile's Days Payable increased from Dec. 2022 (28.56) to Dec. 2023 (31.70). It may suggest that Italtile delayed paying its suppliers.

Italtile Days Payable Historical Data

The historical data trend for Italtile'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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Italtile Days Payable Chart

Italtile Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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33.69

35.93

28.34

23.21

24.29

Italtile Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															29.49	30.86	28.56	38.11	31.70

Competitive Comparison of Italtile's Days Payable

For the Home Improvement Retail subindustry, Italtile'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.

Italtile's Days Payable Distribution in the Retail - Cyclical Industry

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

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

Italtile 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.

Italtile's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (272	+	418)	/	2 )	/	5185	*	365
=	345					/	5185	*	365
=	24.29

Italtile'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (418	+	561)	/	2 )	/	2818	*	365 / 2
=	489.5					/	2818	*	365 / 2
=	31.70

Italtile Days Payable Related Terms

Thank you for viewing the detailed overview of Italtile's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Italtile (JSE:ITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Italtile Ltd (JSE:ITE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner William Nicol Drive and Peter Place, The Italtile Building, Bryanston, Johannesburg, GT, ZAF, 2021

Website

https://www.italtile.com

Italtile Ltd is a South Africa-based retailer of imported and local ceramic tiles, bathroom accessories, and related products. Its core business segments into five areas: retail, franchising, properties, manufacturing, and supply and support services. The company's four brands - Italtile, CTM, topT, and U-Light -provide tiles, bath fixtures, home finishing products, lighting, and other accessories. Its manufacturing includes the production of tiles, sanitaryware, baths, adhesive and related products. Italtile derives the majority of its pretax profit from South Africa, predominantly from its retail segment and secondarily from its manufacturing operations.

Italtile (JSE:ITE) Headlines

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