Morixe Hermanos (BUE:MORI) Days Payable : 24.01 (As of Dec. 2023)

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What is Morixe Hermanos Days Payable?

Morixe Hermanos's average Accounts Payable for the three months ended in Dec. 2023 was ARS2,488 Mil. Morixe Hermanos's Cost of Goods Sold for the three months ended in Dec. 2023 was ARS9,455 Mil. Hence, Morixe Hermanos's Days Payable for the three months ended in Dec. 2023 was 24.01.

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

BUE:MORI' s Days Payable Range Over the Past 10 Years
Min: 33.4 Med: 63.98 Max: 76.17
Current: 33.4

During the past 13 years, Morixe Hermanos's highest Days Payable was 76.17. The lowest was 33.40. And the median was 63.98.

BUE:MORI's Days Payable is ranked worse than
66.44% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs BUE:MORI: 33.40

Morixe Hermanos's Days Payable declined from Nov. 2022 (80.56) to Dec. 2023 (24.01). It may suggest that Morixe Hermanos accelerated paying its suppliers.

Morixe Hermanos Days Payable Historical Data

The historical data trend for Morixe Hermanos'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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Morixe Hermanos Days Payable Chart

Morixe Hermanos Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Days Payable

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73.87

65.04

62.91

76.17

57.75

Morixe Hermanos Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Dec23
Days Payable	Get a 7-Day Free Trial															80.56	86.32	27.63	44.51	24.01

Competitive Comparison of Morixe Hermanos's Days Payable

For the Farm Products subindustry, Morixe Hermanos'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.

Morixe Hermanos's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Morixe Hermanos 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.

Morixe Hermanos's Days Payable for the fiscal year that ended in May. 2022 is calculated as

	Days Payable (A: May. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2021 )	+	Accounts Payable (A: May. 2022 ))	/	count )	/	Cost of Goods Sold (A: May. 2022 )	*	Days in Period
=	( (1543.925	+	5338.438)	/	2 )	/	21750.71	*	365
=	3441.1815					/	21750.71	*	365
=	57.75

Morixe Hermanos'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: Aug. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2487.678	+	0)	/	1 )	/	9455.177	*	365 / 4
=	2487.678					/	9455.177	*	365 / 4
=	24.01

Morixe Hermanos Days Payable Related Terms

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Morixe Hermanos (BUE:MORI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Morixe Hermanos SA (BUE:MORI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Federico Garcia Lorca 234, Buenos Aires, ARG, 1405

Website

https://www.morixe.com.ar

Morixe Hermanos SA operates in the Argentine mill industry. The company is engaged in the milling, industrialization, conditioning, buying and selling, import and export of flour, semolina, agricultural raw materials, by-products and derivatives.

Morixe Hermanos (BUE:MORI) Headlines

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