Global Food and Ingredients (TSXV:PEAS) Days Payable : 25.67 (As of Dec. 2023)

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What is Global Food and Ingredients Days Payable?

Global Food and Ingredients's average Accounts Payable for the three months ended in Dec. 2023 was C$9.6 Mil. Global Food and Ingredients's Cost of Goods Sold for the three months ended in Dec. 2023 was C$34.1 Mil. Hence, Global Food and Ingredients's Days Payable for the three months ended in Dec. 2023 was 25.67.

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

TSXV:PEAS' s Days Payable Range Over the Past 10 Years
Min: 8.57 Med: 15.99 Max: 37.81
Current: 37.81

During the past 4 years, Global Food and Ingredients's highest Days Payable was 37.81. The lowest was 8.57. And the median was 15.99.

TSXV:PEAS's Days Payable is ranked worse than
60.38% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.76 vs TSXV:PEAS: 37.81

Global Food and Ingredients's Days Payable declined from Dec. 2022 (31.23) to Dec. 2023 (25.67). It may suggest that Global Food and Ingredients accelerated paying its suppliers.

Global Food and Ingredients Days Payable Historical Data

The historical data trend for Global Food and Ingredients'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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Global Food and Ingredients Days Payable Chart

Global Food and Ingredients Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

17.04

8.57

14.93

24.49

Global Food and Ingredients Quarterly Data
	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial									31.23	33.21	37.19	52.84	25.67

Competitive Comparison of Global Food and Ingredients's Days Payable

For the Farm Products subindustry, Global Food and Ingredients'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.

Global Food and Ingredients's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Global Food and Ingredients's Days Payable falls into.

Global Food and Ingredients 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.

Global Food and Ingredients's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (7.691	+	7.936)	/	2 )	/	116.442	*	365
=	7.8135					/	116.442	*	365
=	24.49

Global Food and Ingredients'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
=	( (9.59	+	0)	/	1 )	/	34.091	*	365 / 4
=	9.59					/	34.091	*	365 / 4
=	25.67

Global Food and Ingredients Days Payable Related Terms

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Global Food and Ingredients (TSXV:PEAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Global Food and Ingredients Inc (TSXV:PEAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PEASF:USA

Address

43 Colborne Street, Suite 400, Toronto, ON, CAN, M5E 1E3

Website

https://www.gfiglobalfood.com

Global Food and Ingredients Inc is a plant-based food and ingredients company, focused on pulses and specialty crops chain for peas, beans, lentils, chickpeas and other high protein specialty crops. The Company supplies premium plant-based high protein ingredients to customers around the world and distributes truckload and less-than truckload of bagged product directly to food processing companies, foodservice companies and institutional buyers (educational institutions, healthcare facilities, correctional facilities, etc.) in North America.

Global Food and Ingredients (TSXV:PEAS) Headlines

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