Ebro Foods (FRA:AZU) Days Payable : 80.08 (As of Dec. 2023)

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What is Ebro Foods Days Payable?

Ebro Foods's average Accounts Payable for the six months ended in Dec. 2023 was €379 Mil. Ebro Foods's Cost of Goods Sold for the six months ended in Dec. 2023 was €863 Mil. Hence, Ebro Foods's Days Payable for the six months ended in Dec. 2023 was 80.08.

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

FRA:AZU' s Days Payable Range Over the Past 10 Years
Min: 72.94 Med: 86.79 Max: 99.85
Current: 77.45

During the past 13 years, Ebro Foods's highest Days Payable was 99.85. The lowest was 72.94. And the median was 86.79.

FRA:AZU's Days Payable is ranked better than
74.48% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs FRA:AZU: 77.45

Ebro Foods's Days Payable declined from Dec. 2022 (81.87) to Dec. 2023 (80.08). It may suggest that Ebro Foods accelerated paying its suppliers.

Ebro Foods Days Payable Historical Data

The historical data trend for Ebro 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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Ebro Foods Days Payable Chart

Ebro Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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91.67

98.93

99.85

76.24

72.94

Ebro Foods 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															95.00	84.11	81.87	79.35	80.08

Competitive Comparison of Ebro Foods's Days Payable

For the Packaged Foods subindustry, Ebro 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.

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

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

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

Ebro 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.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (359.824	+	341.489)	/	2 )	/	1754.704	*	365
=	350.6565					/	1754.704	*	365
=	72.94

Ebro 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (415.733	+	341.489)	/	2 )	/	862.805	*	365 / 2
=	378.611					/	862.805	*	365 / 2
=	80.08

Ebro Foods Days Payable Related Terms

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Ebro Foods (FRA:AZU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ebro Foods SA (FRA:AZU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EBROe:UK 0NYH:UK EBRO:Spain

Address

Paseo de la Castellana, n 20, Madrid, ESP, 28046

Website

http://www.ebrofoods.es

Ebro Foods SA is a Spanish international food group operating in the pasta, rice, and sauces segments. The company is present in more than 25 countries in Europe, North America, Asia, and Africa, through its wide network of subsidiaries and brands. The core businesses are rice and pasta, offered in dry, fresh, precooked, and frozen varieties. Aside from pasta and rice, Ebro Food offers ready meals, fresh potato, sauces among others. The largest geographical segment for the rice division is in Europe, followed by North America, Asia, and Africa. Pasta, sauces, and other products, accounting for almost half of revenue, are mainly present in Europe and North America.

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