Afrocentric Investment (JSE:ACT) Days Payable : 45.22 (As of Dec. 2023)

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What is Afrocentric Investment Days Payable?

Afrocentric Investment's average Accounts Payable for the six months ended in Dec. 2023 was R455 Mil. Afrocentric Investment's Cost of Goods Sold for the six months ended in Dec. 2023 was R1,838 Mil. Hence, Afrocentric Investment's Days Payable for the six months ended in Dec. 2023 was 45.22.

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

JSE:ACT' s Days Payable Range Over the Past 10 Years
Min: 25.75 Med: 67.32 Max: 149.7
Current: 53.47

During the past 13 years, Afrocentric Investment's highest Days Payable was 149.70. The lowest was 25.75. And the median was 67.32.

JSE:ACT's Days Payable is ranked worse than
56.2% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 61.84 vs JSE:ACT: 53.47

Afrocentric Investment's Days Payable declined from Dec. 2022 (51.53) to Dec. 2023 (45.22). It may suggest that Afrocentric Investment accelerated paying its suppliers.

Afrocentric Investment Days Payable Historical Data

The historical data trend for Afrocentric Investment'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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Afrocentric Investment Days Payable Chart

Afrocentric Investment Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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68.57

79.64

47.27

25.75

27.71

Afrocentric Investment 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															71.61	24.98	51.53	49.01	45.22

Competitive Comparison of Afrocentric Investment's Days Payable

For the Medical Care Facilities subindustry, Afrocentric Investment'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.

Afrocentric Investment's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Afrocentric Investment's Days Payable distribution charts can be found below:

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

Afrocentric Investment 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.

Afrocentric Investment'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
=	( (301.714	+	301.977)	/	2 )	/	3976.432	*	365
=	301.8455					/	3976.432	*	365
=	27.71

Afrocentric Investment'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
=	( (301.977	+	608.991)	/	2 )	/	1838.355	*	365 / 2
=	455.484					/	1838.355	*	365 / 2
=	45.22

Afrocentric Investment Days Payable Related Terms

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Afrocentric Investment (JSE:ACT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Afrocentric Investment Corp Ltd (JSE:ACT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

37 Conrad Road, Florida North, Roodepoort, ZAF, 1709

Website

http://www.afrocentric.za.com

Afrocentric Investment Corp Ltd is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. It seeks to invest in healthcare-related businesses that demonstrate prospects for growth as well as diversify its revenue sources while contributing to the sustainable health and welfare of South African communities. The company provides health administration and health risk management solutions to the healthcare industry. It also provides a range of complementary services to its traditional medical scheme clients and a portfolio of healthcare-related enterprises. These services include information technology solutions, transactional switching, specialized disease management, pharmaceutical wholesaling, amongst others.