Neto Malinda Trading (XTAE:NTML) Days Payable : 32.00 (As of Dec. 2023)

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What is Neto Malinda Trading Days Payable?

Neto Malinda Trading's average Accounts Payable for the three months ended in Dec. 2023 was ₪313 Mil. Neto Malinda Trading's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪893 Mil. Hence, Neto Malinda Trading's Days Payable for the three months ended in Dec. 2023 was 32.00.

The historical rank and industry rank for Neto Malinda Trading's Days Payable or its related term are showing as below:

XTAE:NTML' s Days Payable Range Over the Past 10 Years
Min: 24.72 Med: 42.71 Max: 56.46
Current: 25.71

During the past 10 years, Neto Malinda Trading's highest Days Payable was 56.46. The lowest was 24.72. And the median was 42.71.

XTAE:NTML's Days Payable is ranked worse than
78.01% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs XTAE:NTML: 25.71

Neto Malinda Trading's Days Payable increased from Dec. 2022 (26.20) to Dec. 2023 (32.00). It may suggest that Neto Malinda Trading delayed paying its suppliers.

Neto Malinda Trading Days Payable Historical Data

The historical data trend for Neto Malinda Trading'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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Neto Malinda Trading Days Payable Chart

Neto Malinda Trading Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

42.71

41.56

36.45

34.58

24.72

Neto Malinda Trading Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															26.20	20.65	25.42	27.86	32.00

Competitive Comparison of Neto Malinda Trading's Days Payable

For the Packaged Foods subindustry, Neto Malinda Trading'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.

Neto Malinda Trading's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Neto Malinda Trading's Days Payable falls into.

Neto Malinda Trading 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.

Neto Malinda Trading's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (281.08	+	219.473)	/	2 )	/	3694.768	*	365
=	250.2765					/	3694.768	*	365
=	24.72

Neto Malinda Trading'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
=	( (350.093	+	275.828)	/	2 )	/	892.514	*	365 / 4
=	312.9605					/	892.514	*	365 / 4
=	32.00

Neto Malinda Trading Days Payable Related Terms

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Neto Malinda Trading (XTAE:NTML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Neto Malinda Trading Ltd (XTAE:NTML) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Meir Ezra Street, P.O Box 655, Kiryat Malachi, ISR, 75864

Website

http://www.neto.org.il

Neto Malinda Trading Ltd is a food conglomerates in Israel. It operates in food processing sector. The Company imports and exports food products, produces fish products, imports canned goods and produces products under Williger brand. Its brands include Tibon Veal, Delidag, Williger, Three Bakers, Rich's, Bikorey Hasade Darom. It also owns and operates cold storage for frozen and chilled products.

Neto Malinda Trading (XTAE:NTML) Headlines

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