Graincorp (ASX:GNC) Days Payable : 18.73 (As of Sep. 2023)

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What is Graincorp Days Payable?

Graincorp's average Accounts Payable for the six months ended in Sep. 2023 was A$324 Mil. Graincorp's Cost of Goods Sold for the six months ended in Sep. 2023 was A$3,159 Mil. Hence, Graincorp's Days Payable for the six months ended in Sep. 2023 was 18.73.

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

ASX:GNC' s Days Payable Range Over the Past 10 Years
Min: 9.67 Med: 18.7 Max: 24.39
Current: 14.54

During the past 13 years, Graincorp's highest Days Payable was 24.39. The lowest was 9.67. And the median was 18.70.

ASX:GNC's Days Payable is ranked worse than
91.83% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs ASX:GNC: 14.54

Graincorp's Days Payable declined from Sep. 2022 (27.07) to Sep. 2023 (18.73). It may suggest that Graincorp accelerated paying its suppliers.

Graincorp Days Payable Historical Data

The historical data trend for Graincorp'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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Graincorp Days Payable Chart

Graincorp Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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19.46

17.78

12.03

10.58

9.67

Graincorp Semi-Annual Data
	Mar14	Sep14	Mar15	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															20.04	27.04	27.07	15.50	18.73

Competitive Comparison of Graincorp's Days Payable

For the Farm Products subindustry, Graincorp'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.

Graincorp's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Graincorp 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.

Graincorp's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (176.2	+	189.4)	/	2 )	/	6897.5	*	365
=	182.8					/	6897.5	*	365
=	9.67

Graincorp'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
=	( (458.8	+	189.4)	/	2 )	/	3158.5	*	365 / 2
=	324.1					/	3158.5	*	365 / 2
=	18.73

Graincorp Days Payable Related Terms

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Graincorp (ASX:GNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Graincorp Ltd (ASX:GNC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GRCLF:USA G3C:Germany

Address

175 Liverpool Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.graincorp.com.au

GrainCorp is an agribusiness with an integrated business model operating across three divisions. The company operates the largest grain storage and logistics network in eastern Australia. GrainCorp provides grain marketing services to all major grain-producing regions in Australia, as well as to Canadian and U.K. growers. The company has also diversified into edible oil refining and supply, and bulk liquid storage.

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