Nofoth Food Products Co (SAU:9556) Days Payable : 28.19 (As of Dec. 2023)

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What is Nofoth Food Products Co Days Payable?

Nofoth Food Products Co's average Accounts Payable for the six months ended in Dec. 2023 was ﷼9.4 Mil. Nofoth Food Products Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼61.1 Mil. Hence, Nofoth Food Products Co's Days Payable for the six months ended in Dec. 2023 was 28.19.

The historical rank and industry rank for Nofoth Food Products Co's Days Payable or its related term are showing as below:

SAU:9556' s Days Payable Range Over the Past 10 Years
Min: 35.71 Med: 46.66 Max: 53.31
Current: 35.71

During the past 2 years, Nofoth Food Products Co's highest Days Payable was 53.31. The lowest was 35.71. And the median was 46.66.

SAU:9556's Days Payable is ranked worse than
60.93% of 302 companies
in the Retail - Defensive industry
Industry Median: 44.25 vs SAU:9556: 35.71

Nofoth Food Products Co's Days Payable declined from Dec. 2022 (55.31) to Dec. 2023 (28.19). It may suggest that Nofoth Food Products Co accelerated paying its suppliers.

Nofoth Food Products Co Days Payable Historical Data

The historical data trend for Nofoth Food Products Co'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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Nofoth Food Products Co Days Payable Chart

Nofoth Food Products Co Annual Data

Trend

Dec22

Dec23

Days Payable

53.31

40.01

Nofoth Food Products Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Days Payable	-	55.31	38.66	28.19

Competitive Comparison of Nofoth Food Products Co's Days Payable

For the Grocery Stores subindustry, Nofoth Food Products Co'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.

Nofoth Food Products Co's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Nofoth Food Products Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nofoth Food Products Co's Days Payable falls into.

Nofoth Food Products Co 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.

Nofoth Food Products Co'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
=	( (17.882	+	9.569)	/	2 )	/	125.219	*	365
=	13.7255					/	125.219	*	365
=	40.01

Nofoth Food Products Co'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
=	( (9.297	+	9.569)	/	2 )	/	61.066	*	365 / 2
=	9.433					/	61.066	*	365 / 2
=	28.19

Nofoth Food Products Co Days Payable Related Terms

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Nofoth Food Products Co (SAU:9556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nofoth Food Products Co (SAU:9556) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Bakr Al-Siddiq Road, Al-Nuzha, P.O. Box 30, Riyadh, SAU, 12471

Website

https://www.nofoth.com

Nofoth Food Products Co manufactures bread and its products through automated bakeries. It manufactures pies of all kinds and popular and oriental sweets of all kinds. The firm also retails bakery products and sugary sweets, nuts, coffee, and spices, dry food stores, restaurants with service, and activities caterers who provide food services.

Nofoth Food Products Co (SAU:9556) Headlines

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