African Equity Empowerment Investments (JSE:AEE) Days Payable : 56.24 (As of Aug. 2023)

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What is African Equity Empowerment Investments Days Payable?

African Equity Empowerment Investments's average Accounts Payable for the six months ended in Aug. 2023 was R66.9 Mil. African Equity Empowerment Investments's Cost of Goods Sold for the six months ended in Aug. 2023 was R217.0 Mil. Hence, African Equity Empowerment Investments's Days Payable for the six months ended in Aug. 2023 was 56.24.

The historical rank and industry rank for African Equity Empowerment Investments's Days Payable or its related term are showing as below:

JSE:AEE' s Days Payable Range Over the Past 10 Years
Min: 27.85 Med: 49.73 Max: 212.16
Current: 113.09

During the past 13 years, African Equity Empowerment Investments's highest Days Payable was 212.16. The lowest was 27.85. And the median was 49.73.

JSE:AEE's Days Payable is ranked better than
72.07% of 2531 companies
in the Software industry
Industry Median: 50.16 vs JSE:AEE: 113.09

African Equity Empowerment Investments's Days Payable declined from Aug. 2022 (317.51) to Aug. 2023 (56.24). It may suggest that African Equity Empowerment Investments accelerated paying its suppliers.

African Equity Empowerment Investments Days Payable Historical Data

The historical data trend for African Equity Empowerment Investments'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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African Equity Empowerment Investments Days Payable Chart

African Equity Empowerment Investments Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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47.59

46.01

51.86

212.16

136.23

African Equity Empowerment Investments Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Payable	Get a 7-Day Free Trial															81.13	373.70	317.51	152.31	56.24

Competitive Comparison of African Equity Empowerment Investments's Days Payable

For the Information Technology Services subindustry, African Equity Empowerment Investments'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.

African Equity Empowerment Investments's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, African Equity Empowerment Investments's Days Payable distribution charts can be found below:

* The bar in red indicates where African Equity Empowerment Investments's Days Payable falls into.

African Equity Empowerment Investments 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.

African Equity Empowerment Investments's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (247.728	+	58.608)	/	2 )	/	410.392	*	365
=	153.168					/	410.392	*	365
=	136.23

African Equity Empowerment Investments's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (75.122	+	58.608)	/	2 )	/	216.975	*	365 / 2
=	66.865					/	216.975	*	365 / 2
=	56.24

African Equity Empowerment Investments Days Payable Related Terms

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African Equity Empowerment Investments (JSE:AEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » African Equity Empowerment Investments Ltd (JSE:AEE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

3 Dock Road, Victoria & Alfred Waterfront, 1st Floor, Waterway House North, Cape Town, WC, ZAF, 8001

Website

https://www.aeei.co.za

African Equity Empowerment Investments Ltd is a black-owned and black-managed investment holding company. Its segments include Fishing and brands, Technology, Health and beauty, Events and tourism, and Corporate. It generates maximum revenue from the Technology segment. The company exports its products to African countries, India and Europe and the majority of the revenue comes from South Africa.