Spar Group (JSE:SPP) Days Payable : 51.78 (As of Sep. 2023)

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What is Spar Group Days Payable?

Spar Group's average Accounts Payable for the six months ended in Sep. 2023 was R19,087 Mil. Spar Group's Cost of Goods Sold for the six months ended in Sep. 2023 was R67,270 Mil. Hence, Spar Group's Days Payable for the six months ended in Sep. 2023 was 51.78.

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

JSE:SPP' s Days Payable Range Over the Past 10 Years
Min: 43.39 Med: 45.76 Max: 57.03
Current: 49.63

During the past 13 years, Spar Group's highest Days Payable was 57.03. The lowest was 43.39. And the median was 45.76.

JSE:SPP's Days Payable is ranked better than
55.52% of 308 companies
in the Retail - Defensive industry
Industry Median: 43.72 vs JSE:SPP: 49.63

Spar Group's Days Payable increased from Sep. 2022 (51.68) to Sep. 2023 (51.78). It may suggest that Spar Group delayed paying its suppliers.

Spar Group Days Payable Historical Data

The historical data trend for Spar Group'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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Spar Group Days Payable Chart

Spar Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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43.39

44.05

45.90

44.14

46.12

Spar Group 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															49.51	48.76	51.68	50.98	51.78

Competitive Comparison of Spar Group's Days Payable

For the Food Distribution subindustry, Spar Group'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.

Spar Group's Days Payable Distribution in the Retail - Defensive Industry

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

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

Spar Group 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.

Spar Group's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (15422.3	+	17776.6)	/	2 )	/	131378.6	*	365
=	16599.45					/	131378.6	*	365
=	46.12

Spar Group'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
=	( (20396.8	+	17776.6)	/	2 )	/	67269.9	*	365 / 2
=	19086.7					/	67269.9	*	365 / 2
=	51.78

Spar Group Days Payable Related Terms

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Spar Group (JSE:SPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Spar Group Ltd (JSE:SPP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SGPPY:USA

Address

22 Chancery Lane, P.O. Box 1589, Pinetown, NL, ZAF, 3600

Website

https://www.spar.co.za

Spar Group Ltd is a wholesaler and distributor of goods and services to the group's retail outlets such as SPAR stores, Build it builders' merchandise outlets, TOPS at SPAR liquor stores, and others across Southern Africa. The company also has operations that comprise independently owned SPAR, MACE, XL and Londis stores in Ireland and southwest England. The company provides independent retailers the option to own or lease its stores and operate under the SPAR brand. The Southern Africa segment represents the majority of group revenue, with Ireland contributing an increasing proportion. The company delivers goods to the stores by a fleet of trucks and trailers owned by the SPAR Group. The group has two primary private brands namely SPAR and SaveMor.

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