Afarak Group SE (OHEL:AFAGR) Days Payable : 14.79 (As of Dec. 2022)

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What is Afarak Group SE Days Payable?

Afarak Group SE's average Accounts Payable for the six months ended in Dec. 2022 was €9.9 Mil. Afarak Group SE's Cost of Goods Sold for the six months ended in Dec. 2022 was €121.7 Mil. Hence, Afarak Group SE's Days Payable for the six months ended in Dec. 2022 was 14.79.

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

OHEL:AFAGR' s Days Payable Range Over the Past 10 Years
Min: 27.22 Med: 36.9 Max: 84.02
Current: 27.22

During the past 13 years, Afarak Group SE's highest Days Payable was 84.02. The lowest was 27.22. And the median was 36.90.

OHEL:AFAGR's Days Payable is ranked worse than
87.36% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs OHEL:AFAGR: 27.22

Afarak Group SE's Days Payable declined from Dec. 2021 (40.29) to Dec. 2022 (14.79). It may suggest that Afarak Group SE accelerated paying its suppliers.

Afarak Group SE Days Payable Historical Data

The historical data trend for Afarak Group SE'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.

Afarak Group SE Days Payable Chart

Afarak Group SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.84

84.02

72.66

32.09

29.75

Afarak Group SE Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Days Payable	Get a 7-Day Free Trial															1,580.82	40.29	4,902.88	14.79	-

Competitive Comparison of Afarak Group SE's Days Payable

For the Other Industrial Metals & Mining subindustry, Afarak Group SE'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.

Afarak Group SE's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Afarak Group SE's Days Payable distribution charts can be found below:

* The bar in red indicates where Afarak Group SE's Days Payable falls into.

Afarak Group SE 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.

Afarak Group SE'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
=	( (7.352	+	10.863)	/	2 )	/	111.732	*	365
=	9.1075					/	111.732	*	365
=	29.75

Afarak Group SE's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (12.363	+	7.352)	/	2 )	/	121.654	*	365 / 2
=	9.8575					/	121.654	*	365 / 2
=	14.79

Afarak Group SE Days Payable Related Terms

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Afarak Group SE (OHEL:AFAGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Afarak Group SE (OHEL:AFAGR) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Kaisaniemenkatu 4, Helsinki, FIN, 00100

Website

https://www.afarak.com

Afarak Group SE is a chrome mining and minerals producer focused on sustainable growth with a specialty alloys business in southern Europe and a ferroalloys business. The company has two operating segments FerroAlloys and Speciality Alloys. The FerroAlloys business consists of the plant Mogale Alloys, Vlakpoort mine, Zeerust mine, the Stellite mine, and the Mecklenburg mine in South Africa. It produces chrome ore, charge chrome, medium carbon ferrochrome, and silicomanganese. The Speciality Alloys business consists of Turk Maadin Sirketi A.S, the mining and beneficiation operation in Turkey, and Elektrowerk Weisweiler GmbH, the chromite concentrate processing plant in Germany. The company operates in European countries, the United States, China, Africa, Finland, and Other countries.

Afarak Group SE (OHEL:AFAGR) Headlines

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