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SG Fleet Group (ASX:SGF) Days Payable : 227.37 (As of Dec. 2023)


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What is SG Fleet Group Days Payable?

SG Fleet Group's average Accounts Payable for the six months ended in Dec. 2023 was A$273.9 Mil. SG Fleet Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$219.9 Mil. Hence, SG Fleet Group's Days Payable for the six months ended in Dec. 2023 was 227.37.

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

ASX:SGF' s Days Payable Range Over the Past 10 Years
Min: 105.93   Med: 233   Max: 883.36
Current: 221.53

During the past 10 years, SG Fleet Group's highest Days Payable was 883.36. The lowest was 105.93. And the median was 233.00.

ASX:SGF's Days Payable is ranked better than
89.08% of 925 companies
in the Business Services industry
Industry Median: 47.75 vs ASX:SGF: 221.53

SG Fleet Group's Days Payable increased from Dec. 2022 (170.47) to Dec. 2023 (227.37). It may suggest that SG Fleet Group delayed paying its suppliers.

SG Fleet Group Days Payable Historical Data

The historical data trend for SG Fleet 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.

* Premium members only.

SG Fleet Group Days Payable Chart

SG Fleet Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 148.10 118.17 105.93 136.78 189.24

SG Fleet Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 132.27 203.37 170.47 213.69 227.37

Competitive Comparison of SG Fleet Group's Days Payable

For the Rental & Leasing Services subindustry, SG Fleet 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.

SG Fleet Group's Days Payable Distribution in the Business Services Industry

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

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


SG Fleet 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.

SG Fleet Group'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
=( (178.958 + 252.957) / 2 ) / 416.538*365
=215.9575 / 416.538*365
=189.24

SG Fleet Group'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
=( (252.957 + 294.891) / 2 ) / 219.87*365 / 2
=273.924 / 219.87*365 / 2
=227.37

* 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.

SG Fleet Group Days Payable Related Terms

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SG Fleet Group (ASX:SGF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SG Fleet Group Ltd (ASX:SGF) » Definitions » Days Payable
Comparable Companies
ASX:FPR ASX:EHL ASX:AQN ASX:BPP ASX:SIV ASX:CL8 URI LSE:AHT AER BSP:RENT3 UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439 HKSE:02588 R AL FTAI
Traded in Other Exchanges
N/A
Address
20 Bridge Street, Level 2, Building 3, Pymble, Sydney, NSW, AUS, 2073
Website
https://www.sgfleet.com
SG Fleet Group Ltd is a fleet management solutions providing company. It is also involved in the activities of vehicle leasing, short-term hire, novated leasing, salary packaging and consumer vehicle finance. The fleet management services include funding options, registration renewal, fuel cards and reporting, vehicle acquisition and disposal, comprehensive insurance and other services. Geographically, the group operates in the business segments of Australia, New Zealand, and the United Kingdom, of which the majority of the revenue is derived from its operations in Australia.