Premier Foods (Premier Foods) Days Payable : 128.72 (As of Sep. 2023)

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What is Premier Foods Days Payable?

Premier Foods's average Accounts Payable for the six months ended in Sep. 2023 was $269 Mil. Premier Foods's Cost of Goods Sold for the six months ended in Sep. 2023 was $381 Mil. Hence, Premier Foods's Days Payable for the six months ended in Sep. 2023 was 128.72.

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

PRRFY' s Days Payable Range Over the Past 10 Years
Min: 78.41 Med: 95.61 Max: 167.01
Current: 124.38

During the past 13 years, Premier Foods's highest Days Payable was 167.01. The lowest was 78.41. And the median was 95.61.

PRRFY's Days Payable is ranked better than
87.26% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.7 vs PRRFY: 124.38

Premier Foods's Days Payable declined from Sep. 2022 (139.64) to Sep. 2023 (128.72). It may suggest that Premier Foods accelerated paying its suppliers.

Premier Foods Days Payable Historical Data

The historical data trend for Premier Foods'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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Premier Foods Days Payable Chart

Premier Foods Annual Data

Trend

Dec12

Dec13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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97.85

103.84

78.62

85.98

81.72

Premier Foods Semi-Annual Data
	Jun13	Dec13	Jun14	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															130.81	112.51	139.64	93.63	128.72

Competitive Comparison of Premier Foods's Days Payable

For the Packaged Foods subindustry, Premier Foods'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.

Premier Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Premier Foods's Days Payable distribution charts can be found below:

* The bar in red indicates where Premier Foods's Days Payable falls into.

Premier Foods 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.

Premier Foods's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (181.028	+	171.238)	/	2 )	/	786.65	*	365
=	176.133					/	786.65	*	365
=	81.72

Premier Foods'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
=	( (171.238	+	366.46)	/	2 )	/	381.188	*	365 / 2
=	268.849					/	381.188	*	365 / 2
=	128.72

Premier Foods Days Payable Related Terms

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

Premier Foods (Premier Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Premier Foods PLC (OTCPK:PRRFY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PFDl:UK PFD:UK FOJ1:Germany

Address

Premier House, Griffiths Way, Centrium Business Park, Saint Albans, Hertfordshire, GBR, AL1 2RE

Website

https://www.premierfoods.co.uk

Premier Foods PLC is a food manufacturing company. It manufactures, processes, and distributes food products. The company's operating segments include Grocery and Sweet Treats. Grocery segment primarily sells savoury ambient food products. The Sweet Treats segment sells sweet ambient food products. It generates maximum revenue from the Grocery segment. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in Other Europe and Rest of world. Some of the company brands include Ambrosia, Angel Delight, Atora, Batchelors, Be-Ro, Bird's, Bisto, Cadbury, Coffee Compliment, Homepride, and others.

Premier Foods (Premier Foods) Headlines

From GuruFocus

Premier Foods PLC Stock Shows Every Sign Of Being Significantly Overvalued

By GF Value • 07-10-2021

Premier Foods Gets a Write-Up in Barron's

By Holmes Osborne, CFA Holmes Osborne, CFA • 01-13-2020

John Paulson Urges Premier Foods to Take Buyout Offer

By Holly LaFon Holly LaFon • 03-28-2016