FleetPartners Group (ASX:FPR) Days Payable : 151.27 (As of Mar. 2024)

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What is FleetPartners Group Days Payable?

FleetPartners Group's average Accounts Payable for the six months ended in Mar. 2024 was A$101.7 Mil. FleetPartners Group's Cost of Goods Sold for the six months ended in Mar. 2024 was A$122.7 Mil. Hence, FleetPartners Group's Days Payable for the six months ended in Mar. 2024 was 151.27.

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

ASX:FPR' s Days Payable Range Over the Past 10 Years
Min: 47.26 Med: 88.24 Max: 273.74
Current: 178.85

During the past 9 years, FleetPartners Group's highest Days Payable was 273.74. The lowest was 47.26. And the median was 88.24.

ASX:FPR's Days Payable is ranked better than
86.7% of 925 companies
in the Business Services industry
Industry Median: 47.75 vs ASX:FPR: 178.85

FleetPartners Group's Days Payable declined from Mar. 2023 (173.18) to Mar. 2024 (151.27). It may suggest that FleetPartners Group accelerated paying its suppliers.

FleetPartners Group Days Payable Historical Data

The historical data trend for FleetPartners 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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FleetPartners Group Days Payable Chart

FleetPartners Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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53.67

47.26

63.16

72.58

88.24

FleetPartners Group Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial													142.62	164.40	173.18	160.53	151.27

Competitive Comparison of FleetPartners Group's Days Payable

For the Rental & Leasing Services subindustry, FleetPartners 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.

FleetPartners Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, FleetPartners Group's Days Payable distribution charts can be found below:

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

FleetPartners 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.

FleetPartners 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
=	( (51.16	+	57.108)	/	2 )	/	223.917	*	365
=	54.134					/	223.917	*	365
=	88.24

FleetPartners Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (57.108	+	146.277)	/	2 )	/	122.687	*	365 / 2
=	101.6925					/	122.687	*	365 / 2
=	151.27

FleetPartners Group Days Payable Related Terms

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FleetPartners Group (ASX:FPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FleetPartners Group Ltd (ASX:FPR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Pacific Highway, Level 6, St Leonards, Sydney, NSW, AUS, 2065

Website

https://www.fleetpartners.com.au

FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice.

FleetPartners Group (ASX:FPR) Headlines

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