Ridley (ASX:RIC) Days Payable : 56.25 (As of Dec. 2023)

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What is Ridley Days Payable?

Ridley's average Accounts Payable for the six months ended in Dec. 2023 was A$178 Mil. Ridley's Cost of Goods Sold for the six months ended in Dec. 2023 was A$577 Mil. Hence, Ridley's Days Payable for the six months ended in Dec. 2023 was 56.25.

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

ASX:RIC' s Days Payable Range Over the Past 10 Years
Min: 49.53 Med: 63.62 Max: 70.26
Current: 61.3

During the past 13 years, Ridley's highest Days Payable was 70.26. The lowest was 49.53. And the median was 63.62.

ASX:RIC's Days Payable is ranked better than
65.68% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs ASX:RIC: 61.30

Ridley's Days Payable declined from Dec. 2022 (58.59) to Dec. 2023 (56.25). It may suggest that Ridley accelerated paying its suppliers.

Ridley Days Payable Historical Data

The historical data trend for Ridley'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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Ridley Days Payable Chart

Ridley Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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61.74

64.81

70.26

61.06

49.53

Ridley 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															67.55	61.91	58.59	61.19	56.25

Competitive Comparison of Ridley's Days Payable

For the Packaged Foods subindustry, Ridley'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.

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

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

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

Ridley 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.

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

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (152.209	+	159.538)	/	2 )	/	1148.775	*	365
=	155.8735					/	1148.775	*	365
=	49.53

Ridley'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
=	( (159.538	+	195.975)	/	2 )	/	576.708	*	365 / 2
=	177.7565					/	576.708	*	365 / 2
=	56.25

Ridley Days Payable Related Terms

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

Ridley (ASX:RIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ridley Corp Ltd (ASX:RIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RIDYF:USA RI6:Germany

Address

565 Bourke Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.ridley.com.au

Ridley Corp Ltd engages in the production and marketing of stock feed and animal feed supplements. The company's operating segments include Bulk Stockfeeds and Packaged Feeds and Ingredients. The Bulk Stockfeeds segment comprises the Group's animal nutrition stockfeed solutions delivered in bulk. This includes monogastric and ruminant feeds, such as pellets, meals, concentrates, and premixes for poultry, pigs, dairy cattle, beef cattle, and sheep. Packaged Feeds and Ingredients segment comprises the Group's animal nutrition feed and ingredient solutions delivered in packaged form. This includes bagged poultry, dairy, dog, horse, and lifestyle animal feeds, as well as block and loose lick supplements; and aquafeed. It generates the majority of its revenue from the Bulk Stockfeeds segment.

Ridley (ASX:RIC) Headlines

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