Auto Nejma (CAS:NEJ) Days Payable : 61.90 (As of Dec. 2023)

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What is Auto Nejma Days Payable?

Auto Nejma's average Accounts Payable for the six months ended in Dec. 2023 was MAD310 Mil. Auto Nejma's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD914 Mil. Hence, Auto Nejma's Days Payable for the six months ended in Dec. 2023 was 61.90.

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

CAS:NEJ' s Days Payable Range Over the Past 10 Years
Min: 46.04 Med: 63.85 Max: 111
Current: 67.43

During the past 13 years, Auto Nejma's highest Days Payable was 111.00. The lowest was 46.04. And the median was 63.85.

CAS:NEJ's Days Payable is not ranked
in the Vehicles & Parts industry.
Industry Median: 65.85 vs CAS:NEJ: 67.43

Auto Nejma's Days Payable declined from Dec. 2022 (63.79) to Dec. 2023 (61.90). It may suggest that Auto Nejma accelerated paying its suppliers.

Auto Nejma Days Payable Historical Data

The historical data trend for Auto Nejma'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.

* Premium members only.

Auto Nejma Days Payable Chart

Auto Nejma Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

68.40

111.00

99.87

79.02

67.10

Auto Nejma 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															50.73	71.27	63.79	73.77	61.90

Competitive Comparison of Auto Nejma's Days Payable

For the Auto & Truck Dealerships subindustry, Auto Nejma'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.

Auto Nejma's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Auto Nejma's Days Payable distribution charts can be found below:

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

Auto Nejma 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.

Auto Nejma's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (352.576	+	292.618)	/	2 )	/	1754.766	*	365
=	322.597					/	1754.766	*	365
=	67.10

Auto Nejma'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
=	( (327.279	+	292.618)	/	2 )	/	913.874	*	365 / 2
=	309.9485					/	913.874	*	365 / 2
=	61.90

Auto Nejma Days Payable Related Terms

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Auto Nejma (CAS:NEJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Auto Nejma (CAS:NEJ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Km 10, El Jadida Road, Casablanca, MAR, 20230

Website

http://www.autonejma.ma

Auto Nejma is an automobile distributor in Morocco. The company imports and markets vehicles, spare parts and car accessories. It represents the Mercedes-Benz private and commercial vehicle brands, SsangYong and Mahindra in Morocco.

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