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ABVE (Above Food Ingredients) Days Payable : 48.84 (As of Jan. 2024)


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What is Above Food Ingredients Days Payable?

Above Food Ingredients's average Accounts Payable for the three months ended in Jan. 2024 was $39.48 Mil. Above Food Ingredients's Cost of Goods Sold for the three months ended in Jan. 2024 was $73.75 Mil. Hence, Above Food Ingredients's Days Payable for the three months ended in Jan. 2024 was 48.84.

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

ABVE's Days Payable is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 45.44
* Ranked among companies with meaningful Days Payable only.

Above Food Ingredients's Days Payable increased from Jan. 2022 (0.00) to Jan. 2024 (48.84). It may suggest that Above Food Ingredients delayed paying its suppliers.

Above Food Ingredients Days Payable Historical Data

The historical data trend for Above Food 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.

* Premium members only.

Above Food Ingredients Days Payable Chart

Above Food Ingredients Annual Data
Trend Jan22 Jan23 Jan24
Days Payable
66.60 38.75 49.00

Above Food Ingredients Quarterly Data
Jan22 Oct22 Jan23 Oct23 Jan24
Days Payable - - 34.98 - 48.84

Competitive Comparison of Above Food Ingredients's Days Payable

For the Packaged Foods subindustry, Above Food 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.

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

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

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


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Above Food 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.

Above Food Ingredients's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

Days Payable (A: Jan. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jan. 2023 ) + Accounts Payable (A: Jan. 2024 )) / count ) / Cost of Goods Sold (A: Jan. 2024 )*Days in Period
=( (35.312 + 39.56) / 2 ) / 278.866*365
=37.436 / 278.866*365
=49.00

Above Food Ingredients's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

Days Payable (Q: Jan. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Oct. 2023 ) + Accounts Payable (Q: Jan. 2024 )) / count ) / Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=( (39.39 + 39.56) / 2 ) / 73.752*365 / 4
=39.475 / 73.752*365 / 4
=48.84

* 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.

Above Food Ingredients Days Payable Related Terms

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Above Food Ingredients Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Above Food Ingredients Inc (NAS:ABVE) » Definitions » Days Payable
Comparable Companies
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Traded in Other Exchanges
N/A
Address
2305 Victoria Avenue, Saskatchewan, Regina, SK, CAN, S4P0S7
Website
https://www.abovefood.com
Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.