Fresh Del Monte Produce (FRA:FDM) Days Payable : 36.09 (As of Dec. 2023)

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What is Fresh Del Monte Produce Days Payable?

Fresh Del Monte Produce's average Accounts Payable for the three months ended in Dec. 2023 was €343 Mil. Fresh Del Monte Produce's Cost of Goods Sold for the three months ended in Dec. 2023 was €868 Mil. Hence, Fresh Del Monte Produce's Days Payable for the three months ended in Dec. 2023 was 36.09.

The historical rank and industry rank for Fresh Del Monte Produce's Days Payable or its related term are showing as below:

FRA:FDM' s Days Payable Range Over the Past 10 Years
Min: 16.57 Med: 23.53 Max: 38.34
Current: 38.34

During the past 13 years, Fresh Del Monte Produce's highest Days Payable was 38.34. The lowest was 16.57. And the median was 23.53.

FRA:FDM's Days Payable is ranked worse than
59.43% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.6 vs FRA:FDM: 38.34

Fresh Del Monte Produce's Days Payable declined from Dec. 2022 (43.73) to Dec. 2023 (36.09). It may suggest that Fresh Del Monte Produce accelerated paying its suppliers.

Fresh Del Monte Produce Days Payable Historical Data

The historical data trend for Fresh Del Monte Produce'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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Fresh Del Monte Produce Days Payable Chart

Fresh Del Monte Produce Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

26.53

26.72

26.23

26.51

25.18

Fresh Del Monte Produce 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															43.73	37.01	45.39	49.17	36.09

Competitive Comparison of Fresh Del Monte Produce's Days Payable

For the Farm Products subindustry, Fresh Del Monte Produce'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.

Fresh Del Monte Produce's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Fresh Del Monte Produce's Days Payable falls into.

Fresh Del Monte Produce 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.

Fresh Del Monte Produce'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
=	( (279.33	+	222.923)	/	2 )	/	3640.49	*	365
=	251.1265					/	3640.49	*	365
=	25.18

Fresh Del Monte Produce'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
=	( (463.253	+	222.923)	/	2 )	/	867.574	*	365 / 4
=	343.088					/	867.574	*	365 / 4
=	36.09

Fresh Del Monte Produce Days Payable Related Terms

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Fresh Del Monte Produce (FRA:FDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fresh Del Monte Produce Inc (FRA:FDM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FDP:USA

Address

87 Mary Street, George Town, P.O. Box 698, 4th Floor, Apollo House, c/o H&C Corporate Services Ltd, Grand Cayman, CYM, KY1-1107

Website

https://www.freshdelmonte.com

Fresh Del Monte Produce Inc is an integrated producer, marketer & distributor of high-quality & fresh-cut fruit & vegetables. It operates in three segments, Fresh and value-added products segment, which includes pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, other fruit and vegetables, avocados, and prepared foods, Banana segment & Other products and services segment, including the third-party freight & logistic services business & the Jordanian poultry and meats business. The majority is from the Fresh and value-added products segment. Geographically, it operates in North America, Europe, Asia, the Middle East, and Other, out of which the highest is from North America.