Colonial Motor Co (NZSE:CMO) Days Payable : 31.53 (As of Dec. 2023)

View and export this data going back to 1962. Start your Free Trial

What is Colonial Motor Co Days Payable?

Colonial Motor Co's average Accounts Payable for the six months ended in Dec. 2023 was NZ$69.2 Mil. Colonial Motor Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$400.3 Mil. Hence, Colonial Motor Co's Days Payable for the six months ended in Dec. 2023 was 31.53.

The historical rank and industry rank for Colonial Motor Co's Days Payable or its related term are showing as below:

NZSE:CMO' s Days Payable Range Over the Past 10 Years
Min: 11.61 Med: 14.26 Max: 28.37
Current: 28.37

During the past 13 years, Colonial Motor Co's highest Days Payable was 28.37. The lowest was 11.61. And the median was 14.26.

NZSE:CMO's Days Payable is ranked worse than
86.78% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 66.92 vs NZSE:CMO: 28.37

Colonial Motor Co's Days Payable increased from Dec. 2022 (17.21) to Dec. 2023 (31.53). It may suggest that Colonial Motor Co delayed paying its suppliers.

Colonial Motor Co Days Payable Historical Data

The historical data trend for Colonial Motor Co'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.

Colonial Motor Co Days Payable Chart

Colonial Motor Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

13.00

14.27

14.19

14.28

18.55

Colonial Motor Co 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															16.69	17.92	17.21	23.04	31.53

Competitive Comparison of Colonial Motor Co's Days Payable

For the Auto & Truck Dealerships subindustry, Colonial Motor Co'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.

Colonial Motor Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Colonial Motor Co's Days Payable falls into.

Colonial Motor Co 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.

Colonial Motor Co'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
=	( (28.827	+	52.67)	/	2 )	/	801.918	*	365
=	40.7485					/	801.918	*	365
=	18.55

Colonial Motor Co'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
=	( (52.67	+	85.637)	/	2 )	/	400.25	*	365 / 2
=	69.1535					/	400.25	*	365 / 2
=	31.53

Colonial Motor Co Days Payable Related Terms

Thank you for viewing the detailed overview of Colonial Motor Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Colonial Motor Co (NZSE:CMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Colonial Motor Co Ltd (NZSE:CMO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Courtenay Place, Level 6, PO Box 6159, Wellington, NZL, 6141

Website

https://www.colmotor.co.nz

Colonial Motor Co Ltd is a New Zealand based company engaged in the principal activity of operating franchised motor vehicle dealerships. It owns motor vehicle dealerships throughout the country and has dealerships selling heavy trucks and tractors. The company has many dealerships and has a primary focus on Ford. Also, the company provides administrative and financial services to the subsidiaries as well as leasing them at market rates for many of the properties. Substantial revenue is generated from the sale of goods.