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AFRI (Forafric Global) Days Payable : 71.44 (As of Dec. 2023)


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What is Forafric Global Days Payable?

Forafric Global's average Accounts Payable for the six months ended in Dec. 2023 was $55.9 Mil. Forafric Global's Cost of Goods Sold for the six months ended in Dec. 2023 was $142.9 Mil. Hence, Forafric Global's Days Payable for the six months ended in Dec. 2023 was 71.44.

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

AFRI' s Days Payable Range Over the Past 10 Years
Min: 30.01   Med: 34.99   Max: 61.6
Current: 61.6

During the past 5 years, Forafric Global's highest Days Payable was 61.60. The lowest was 30.01. And the median was 34.99.

AFRI's Days Payable is ranked better than
65.6% of 1820 companies
in the Consumer Packaged Goods industry
Industry Median: 45.78 vs AFRI: 61.60

Forafric Global's Days Payable increased from Dec. 2022 (47.86) to Dec. 2023 (71.44). It may suggest that Forafric Global delayed paying its suppliers.

Forafric Global Days Payable Historical Data

The historical data trend for Forafric Global'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.

Forafric Global Days Payable Chart

Forafric Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
- 30.01 32.48 37.49 48.97

Forafric Global Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial 41.77 40.52 47.86 64.11 71.44

Competitive Comparison of Forafric Global's Days Payable

For the Farm Products subindustry, Forafric Global'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.

Forafric Global's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Forafric Global's Days Payable falls into.


Forafric Global 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.

Forafric Global'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
=( (27.295 + 46.461) / 2 ) / 274.878*365
=36.878 / 274.878*365
=48.97

Forafric Global'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: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (65.426 + 46.461) / 2 ) / 142.909*365 / 2
=55.9435 / 142.909*365 / 2
=71.44

* 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.

Forafric Global Days Payable Related Terms

Thank you for viewing the detailed overview of Forafric Global's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Forafric Global Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forafric Global PLC (NAS:AFRI) » Definitions » Days Payable
Comparable Companies
LMNR ALCO VITL DTCK VFF GCEH SDOT SANW LOCL SHMP ADM SZSE:002714 SZSE:300498 TSN SHSE:600438 BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN
Traded in Other Exchanges
N/A
Address
Mustapha Jamaleddine, Unit 5.3, Madison Building, Midtown, Queensway, GIB, GX11 1AA
Website
https://www.forafric.com
Forafric Global PLC is engaged in production and sale of a variety of wheat flours, Semolina and Pasta and Couscous in Morocco and in more than 45 countries. The two main brands in Morocco are MAYMOUNA and TRIA. The company derives majority of its revenue from Soft wheat.
Executives
Paul Packer director, 10 percent owner, officer: CEO; CFO; Secretary C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Michael Ferguson director 525 EXECUTIVE BOULEVARD, ELMSFORD NY 10523
John M Horne director P.O. BOX 547, JOHNSON AR 72741
Claude Benitah director NITSANA, 9, TEL-AVIV-YAFO L3 6811709
Globis Spac Llc 10 percent owner 805 3RD AVENUE, 15TH FLOOR, NEW YORK NY 10022