African Media Entertainment (JSE:AME) Days Payable : 96.82 (As of Sep. 2023)

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What is African Media Entertainment Days Payable?

African Media Entertainment's average Accounts Payable for the six months ended in Sep. 2023 was R23.5 Mil. African Media Entertainment's Cost of Goods Sold for the six months ended in Sep. 2023 was R44.4 Mil. Hence, African Media Entertainment's Days Payable for the six months ended in Sep. 2023 was 96.82.

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

JSE:AME' s Days Payable Range Over the Past 10 Years
Min: 67.11 Med: 98.6 Max: 188.06
Current: 101.93

During the past 13 years, African Media Entertainment's highest Days Payable was 188.06. The lowest was 67.11. And the median was 98.60.

JSE:AME's Days Payable is ranked better than
58% of 931 companies
in the Media - Diversified industry
Industry Median: 79.7 vs JSE:AME: 101.93

African Media Entertainment's Days Payable increased from Sep. 2022 (86.09) to Sep. 2023 (96.82). It may suggest that African Media Entertainment delayed paying its suppliers.

African Media Entertainment Days Payable Historical Data

The historical data trend for African Media Entertainment'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 Media Entertainment Days Payable Chart

African Media Entertainment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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108.52

79.77

90.97

91.81

105.39

African Media Entertainment Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															68.11	83.00	86.09	102.39	96.82

Competitive Comparison of African Media Entertainment's Days Payable

For the Broadcasting subindustry, African Media Entertainment'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 Media Entertainment's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, African Media Entertainment's Days Payable distribution charts can be found below:

* The bar in red indicates where African Media Entertainment's Days Payable falls into.

African Media Entertainment 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 Media Entertainment's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (21.078	+	18.421)	/	2 )	/	68.402	*	365
=	19.7495					/	68.402	*	365
=	105.39

African Media Entertainment's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (18.421	+	28.64)	/	2 )	/	44.353	*	365 / 2
=	23.5305					/	44.353	*	365 / 2
=	96.82

African Media Entertainment Days Payable Related Terms

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African Media Entertainment (JSE:AME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » African Media Entertainment Ltd (JSE:AME) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, 8th Street, Block A, Oxford Office Park, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

http://www.ame.co.za

African Media Entertainment Ltd is involved in providing broadcasting services in South Africa. The company's operating segment includes Radio broadcasters; Media Services and Corporate. It generates maximum revenue from the Radio broadcasters segment.