Seneca Foods (Seneca Foods) Days Payable

: 52.21 (As of Dec. 2023)

View and export this data going back to 1972. Start your Free Trial

Seneca Foods's average Accounts Payable for the three months ended in Dec. 2023 was $223 Mil. Seneca Foods's Cost of Goods Sold for the three months ended in Dec. 2023 was $390 Mil. Hence, Seneca Foods's Days Payable for the three months ended in Dec. 2023 was 52.21.

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

SENEB' s Days Payable Range Over the Past 10 Years
Min: 18.53 Med: 21.37 Max: 43.4
Current: 43.4

During the past 13 years, Seneca Foods's highest Days Payable was 43.40. The lowest was 18.53. And the median was 21.37.

SENEB's Days Payable is ranked worse than
53.21% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.81 vs SENEB: 43.40

Seneca Foods's Days Payable declined from Dec. 2022 (54.52) to Dec. 2023 (52.21). It may suggest that Seneca Foods accelerated paying its suppliers.

Seneca Foods Days Payable Historical Data

The historical data trend for Seneca 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.

* Premium members only.

Seneca Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

18.53

20.21

21.46

23.73

20.37

Seneca Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																54.52	29.78	35.04	57.37	52.21

Competitive Comparison

For the Packaged Foods subindustry, Seneca 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.

Seneca Foods Days Payable Distribution

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

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

Seneca 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.

Seneca 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
=	( (87.602	+	69.232)	/	2 )	/	1405.033	*	365
=	78.417					/	1405.033	*	365
=	20.37

Seneca Foods'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (321.579	+	125.182)	/	2 )	/	390.448	*	365 / 4
=	223.3805					/	390.448	*	365 / 4
=	52.21

Seneca Foods Days Payable Related Terms

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

Seneca Foods (Seneca Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seneca Foods Corp (NAS:SENEB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SENEA:USA

Address

350 WillowBrook Office Park, Fairport, NY, USA, 14480

Website

https://www.senecafoods.com

Seneca Foods Corp is a US-based company which acts as a provider of packaged fruits and vegetables. Its product offerings include canned, frozen and bottled produce and snack chips. The company's segment includes fruits and vegetables, prepared food products, and snack products. It generates maximum revenue from Canned vegetables followed by Frozen vegetables.