Farm Pride Foods (ASX:FRM) Days Payable : 73.49 (As of Dec. 2023)

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What is Farm Pride Foods Days Payable?

Farm Pride Foods's average Accounts Payable for the six months ended in Dec. 2023 was A$12.81 Mil. Farm Pride Foods's Cost of Goods Sold for the six months ended in Dec. 2023 was A$31.82 Mil. Hence, Farm Pride Foods's Days Payable for the six months ended in Dec. 2023 was 73.49.

The historical rank and industry rank for Farm Pride Foods's Days Payable or its related term are showing as below:

ASX:FRM' s Days Payable Range Over the Past 10 Years
Min: 52.66 Med: 67.69 Max: 81.27
Current: 81.27

During the past 13 years, Farm Pride Foods's highest Days Payable was 81.27. The lowest was 52.66. And the median was 67.69.

ASX:FRM's Days Payable is ranked better than
75.08% of 1794 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs ASX:FRM: 81.27

Farm Pride Foods's Days Payable declined from Dec. 2022 (75.18) to Dec. 2023 (73.49). It may suggest that Farm Pride Foods accelerated paying its suppliers.

Farm Pride Foods Days Payable Historical Data

The historical data trend for Farm Pride Foods'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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Farm Pride Foods Days Payable Chart

Farm Pride Foods Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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52.66

56.13

68.74

53.52

57.83

Farm Pride Foods Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															30.81	-	75.18	81.50	73.49

Competitive Comparison of Farm Pride Foods's Days Payable

For the Farm Products subindustry, Farm Pride Foods'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.

Farm Pride Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Farm Pride Foods's Days Payable falls into.

Farm Pride Foods 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.

Farm Pride Foods's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (7.735	+	11.349)	/	2 )	/	60.229	*	365
=	9.542					/	60.229	*	365
=	57.83

Farm Pride Foods'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
=	( (11.349	+	14.278)	/	2 )	/	31.822	*	365 / 2
=	12.8135					/	31.822	*	365 / 2
=	73.49

Farm Pride Foods Days Payable Related Terms

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Farm Pride Foods (ASX:FRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Farm Pride Foods Ltd (ASX:FRM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

551 Chandler Road, Keysborough, VIC, AUS, 3173

Website

https://www.farmpride.com.au

Farm Pride Foods Ltd is engaged in the production, processing, manufacturing, and sale of egg and egg products. It grades, packs, processes, supplies, and markets shell eggs and processed egg products within Australia, and exports to Asia. Egg varieties include freshly laid cage eggs, barn-laid eggs, and free-range egg varieties.

Farm Pride Foods (ASX:FRM) Headlines

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