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

Archer-Daniels Midland Co (WBO:ARDA) Days Payable : 25.09 (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

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 €5,355 Mil. Archer-Daniels Midland Co's Cost of Goods Sold for the three months ended in Dec. 2023 was €19,475 Mil. Hence, Archer-Daniels Midland Co's Days Payable for the three months ended in Dec. 2023 was 25.09.

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

WBO:ARDA' 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.

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

Archer-Daniels Midland Co's Days Payable declined from Dec. 2022 (27.94) to Dec. 2023 (25.09). 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.

* Premium members only.

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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.74 26.13 24.28 26.78 30.29

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.94 29.37 22.36 23.53 25.09

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
=( (7366.032 + 5789.021) / 2 ) / 79248.974*365
=6577.5265 / 79248.974*365
=30.29

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
=( (4921.124 + 5789.021) / 2 ) / 19475.246*365 / 4
=5355.0725 / 19475.246*365 / 4
=25.09

* 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.


Archer-Daniels Midland Co Days Payable Related Terms

Thank you for viewing the detailed overview of Archer-Daniels Midland Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.


Archer-Daniels Midland Co (WBO:ARDA) Business Description

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

Archer-Daniels Midland Co (WBO:ARDA) Headlines

No Headlines