Minerva (BSP:BEEF3) Days Payable

: 62.35 (As of Dec. 2023)

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Minerva's average Accounts Payable for the three months ended in Dec. 2023 was R$3,277 Mil. Minerva's Cost of Goods Sold for the three months ended in Dec. 2023 was R$4,796 Mil. Hence, Minerva's Days Payable for the three months ended in Dec. 2023 was 62.35.

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

BSP:BEEF3' s Days Payable Range Over the Past 10 Years
Min: 24.94 Med: 30.66 Max: 61.87
Current: 53.6

During the past 13 years, Minerva's highest Days Payable was 61.87. The lowest was 24.94. And the median was 30.66.

BSP:BEEF3's Days Payable is ranked better than
58.93% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.81 vs BSP:BEEF3: 53.60

Minerva's Days Payable increased from Dec. 2022 (60.30) to Dec. 2023 (62.35). It may suggest that Minerva delayed paying its suppliers.

Minerva Days Payable Historical Data

The historical data trend for Minerva'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.

* Premium members only.

Minerva Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

29.49

43.45

49.62

52.38

61.87

Minerva Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																60.30	53.87	44.50	47.31	62.35

Competitive Comparison

For the Farm Products subindustry, Minerva'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.

Minerva Days Payable Distribution

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

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

Minerva 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.

Minerva'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
=	( (3519.543	+	3727.546)	/	2 )	/	21378.06	*	365
=	3623.5445					/	21378.06	*	365
=	61.87

Minerva'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
=	( (2827.12	+	3727.546)	/	2 )	/	4796.272	*	365 / 4
=	3277.333					/	4796.272	*	365 / 4
=	62.35

Minerva Days Payable Related Terms

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Minerva (BSP:BEEF3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Minerva SA (BSP:BEEF3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MRVSY:USA

Address

Avenida Antonio Manco Bernardes s/n, Chacara Minerva, Barretos, SP, BRA, 14781-545

Website

https://www.minervafoods.com

Minerva SA produces and markets beef and other meat products out of South America. It exports processed meat products, leather, and live cattle internationally. Partnerships with ranchers are enhanced by ideas and information exchange through lectures and training. It has several different facilities to help with processing. Slaughtering and boning plants acquire the livestock and kick-start the process. A processing plant works on turning raw materials into finished products, and distribution centers are located around the globe to ensure quality and timely deliveries. International trading offices are strategically placed to help strengthen relationships in different regions.

Minerva (BSP:BEEF3) Headlines

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