Econet Wireless Zimbabwe (XZIM:ECO.ZW) Days Payable : 98.88 (As of Aug. 2023)

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What is Econet Wireless Zimbabwe Days Payable?

Econet Wireless Zimbabwe's average Accounts Payable for the six months ended in Aug. 2023 was ZWL185,265 Mil. Econet Wireless Zimbabwe's Cost of Goods Sold for the six months ended in Aug. 2023 was ZWL341,953 Mil. Hence, Econet Wireless Zimbabwe's Days Payable for the six months ended in Aug. 2023 was 98.88.

The historical rank and industry rank for Econet Wireless Zimbabwe's Days Payable or its related term are showing as below:

XZIM:ECO.ZW' s Days Payable Range Over the Past 10 Years
Min: 53.4 Med: 97 Max: 2332.94
Current: 147.42

During the past 8 years, Econet Wireless Zimbabwe's highest Days Payable was 2332.94. The lowest was 53.40. And the median was 97.00.

XZIM:ECO.ZW's Days Payable is ranked better than
66.47% of 346 companies
in the Telecommunication Services industry
Industry Median: 103.295 vs XZIM:ECO.ZW: 147.42

Econet Wireless Zimbabwe's Days Payable increased from Aug. 2022 (52.96) to Aug. 2023 (98.88). It may suggest that Econet Wireless Zimbabwe delayed paying its suppliers.

Econet Wireless Zimbabwe Days Payable Historical Data

The historical data trend for Econet Wireless Zimbabwe'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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Econet Wireless Zimbabwe Days Payable Chart

Econet Wireless Zimbabwe Annual Data

Trend

Feb09

Feb11

Feb12

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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2,332.94

199.29

182.84

69.08

97.00

Econet Wireless Zimbabwe Semi-Annual Data
	Feb11	Aug11	Feb12	Aug12	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Payable	Get a 7-Day Free Trial										54.77	61.39	52.96	4,037.25	98.88

Competitive Comparison of Econet Wireless Zimbabwe's Days Payable

For the Telecom Services subindustry, Econet Wireless Zimbabwe'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.

Econet Wireless Zimbabwe's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Econet Wireless Zimbabwe's Days Payable distribution charts can be found below:

* The bar in red indicates where Econet Wireless Zimbabwe's Days Payable falls into.

Econet Wireless Zimbabwe 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.

Econet Wireless Zimbabwe's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (22988.363	+	41442.378)	/	2 )	/	121222.182	*	365
=	32215.3705					/	121222.182	*	365
=	97.00

Econet Wireless Zimbabwe'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
=	( (41442.378	+	329088)	/	2 )	/	341953	*	365 / 2
=	185265.189					/	341953	*	365 / 2
=	98.88

Econet Wireless Zimbabwe Days Payable Related Terms

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Econet Wireless Zimbabwe (XZIM:ECO.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Econet Wireless Zimbabwe Ltd (XZIM:ECO.ZW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE

Website

http://www.econet.co.zw

Econet Wireless Zimbabwe Ltd is a holding company. It operates in the following segments: Cellular Network Operations, which provides cellular network services Investments & Administrations, which is the investment vehicle. The Cellular Network Operations generate maximum revenue for the company. Geographically the company offers its services only in the Zimbabwe region.

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