Archer-Daniels Midland Co (Archer-Daniels Midland Co) Days Payable : 24.84 (As of Dec. 2023)

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What is Archer-Daniels Midland Co Days Payable?

Archer-Daniels Midland Co's average Accounts Payable for the three months ended in Dec. 2023 was $5,783 Mil. Archer-Daniels Midland Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $21,238 Mil. Hence, Archer-Daniels Midland Co's Days Payable for the three months ended in Dec. 2023 was 24.84.

The historical rank and industry rank for Archer-Daniels Midland Co's Days Payable or its related term are showing as below:

ADM' s Days Payable Range Over the Past 10 Years
Min: 21.1 Med: 23.23 Max: 29.81
Current: 25.95

During the past 13 years, Archer-Daniels Midland Co's highest Days Payable was 29.81. The lowest was 21.10. And the median was 23.23.

ADM's Days Payable is ranked worse than
77.92% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs ADM: 25.95

Archer-Daniels Midland Co's Days Payable declined from Dec. 2022 (27.07) to Dec. 2023 (24.84). It may suggest that Archer-Daniels Midland Co accelerated paying its suppliers.

Archer-Daniels Midland Co Days Payable Historical Data

The historical data trend for Archer-Daniels Midland Co'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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Archer-Daniels Midland Co Days Payable Chart

Archer-Daniels Midland Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.99

25.04

25.01

27.56

29.81

Archer-Daniels Midland Co 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															27.07	29.20	22.22	23.70	24.84

Competitive Comparison of Archer-Daniels Midland Co's Days Payable

For the Farm Products subindustry, Archer-Daniels Midland Co'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.

Archer-Daniels Midland Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Archer-Daniels Midland Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Archer-Daniels Midland Co's Days Payable falls into.

Archer-Daniels Midland Co 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.

Archer-Daniels Midland Co'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
=	( (7803	+	6313)	/	2 )	/	86422	*	365
=	7058					/	86422	*	365
=	29.81

Archer-Daniels Midland Co'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
=	( (5252	+	6313)	/	2 )	/	21238	*	365 / 4
=	5782.5					/	21238	*	365 / 4
=	24.84

Archer-Daniels Midland Co Days Payable Related Terms

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Archer-Daniels Midland Co (Archer-Daniels Midland Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Archer-Daniels Midland Co (NYSE:ADM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ADM:Mexico 1ADM:Italy ADM:Germany ADM:Germany ADM:Germany ADM:Germany A1DM34:Brazil ARDA:Austria

Address

77 West Wacker Drive, Suite 4600, Chicago, IL, USA, 60601

Website

https://www.adm.com

Archer-Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.

Executives

Regina Jones	officer: Senior Vice President	7102 COMMERCE WAY, BRENTWOOD TN 37027
Strader Fruit Molly L	officer: Vice Pres., Corp. Controller	77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Brabander Ellen De	director	2500 INNOVATION WAY, GREENFIELD IN 46140
D Cameron Findlay	officer: Senior Vice President	77 W. WACKER DR., SUITE 2600, CHICAGO IL 60601
Juan R Luciano	officer: Executive V.P. & COO	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Francisco J Sanchez	director	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Gregory A Morris	officer: Senior Vice President	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Collins James C. Jr.	director	1007 MARKET STREET, D-9058, WILMINGTON DE 19898
Vikram Luthar	officer: Vice President & Treasurer	ARCHER-DANIELS-MIDLAND COMPANY, 77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Christopher M Cuddy	officer: President-Corn	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Vincent F Macciocchi	officer: Senior Vice President	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Ray G Young	officer: Sr. Vice President	77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601
Theodore Iii Colbert	director	C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, CHICAGO IL 60606-1596
Jennifer L Weber	officer: Senior Vice President	1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Joseph D. Taets	officer: Vice President	77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601