Mission Produce (Mission Produce) Days Payable : 23.25 (As of Jan. 2024)

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What is Mission Produce Days Payable?

Mission Produce's average Accounts Payable for the three months ended in Jan. 2024 was $58.6 Mil. Mission Produce's Cost of Goods Sold for the three months ended in Jan. 2024 was $230.0 Mil. Hence, Mission Produce's Days Payable for the three months ended in Jan. 2024 was 23.25.

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

AVO' s Days Payable Range Over the Past 10 Years
Min: 17.7 Med: 20.69 Max: 25.04
Current: 25.04

During the past 6 years, Mission Produce's highest Days Payable was 25.04. The lowest was 17.70. And the median was 20.69.

AVO's Days Payable is ranked worse than
83.82% of 309 companies
in the Retail - Defensive industry
Industry Median: 43.96 vs AVO: 25.04

Mission Produce's Days Payable declined from Jan. 2023 (25.57) to Jan. 2024 (23.25). It may suggest that Mission Produce accelerated paying its suppliers.

Mission Produce Days Payable Historical Data

The historical data trend for Mission Produce'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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Mission Produce Days Payable Chart

Mission Produce Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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21.54

21.33

20.05

19.79

23.54

Mission Produce Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															25.57	26.59	26.30	24.88	23.25

Competitive Comparison of Mission Produce's Days Payable

For the Food Distribution subindustry, Mission Produce'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.

Mission Produce's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Mission Produce's Days Payable distribution charts can be found below:

* The bar in red indicates where Mission Produce's Days Payable falls into.

Mission Produce 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.

Mission Produce's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (58.7	+	53.6)	/	2 )	/	870.6	*	365
=	56.15					/	870.6	*	365
=	23.54

Mission Produce'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
=	( (53.6	+	63.6)	/	2 )	/	230	*	365 / 4
=	58.6					/	230	*	365 / 4
=	23.25

Mission Produce Days Payable Related Terms

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Mission Produce (Mission Produce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Mission Produce Inc (NAS:AVO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5YM:Germany

Address

2710 Camino Del Sol, Oxnard, CA, USA, 93030

Website

https://www.missionproduce.com

Mission Produce Inc is engaged in the business of producing and distributing avocados, serving retail, wholesale, and food service customers. Also, the company provides additional services like ripening, bagging, custom packing, and logistical management. The company's operating segments include Marketing and Distribution and International Farming and Blueberries. It generates maximum revenue from the Marketing and Distribution segment. The Marketing and Distribution segment sources fruit mainly from growers and then distributes fruit through a distribution network.

Executives

Bryan E Giles	officer: CHIEF FINANCIAL OFFICER	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Stephen J Barnard	director, officer: PRESIDENT AND CEO	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Tony B Sarsam	director	850 76TH STREET SW, PO BOX 8700, GRAND RAPIDS MI 49518
Luis A Gonzalez	director, 10 percent owner	C/O MISSION PRODUCE,INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Juan R Wiesner	officer: See Remarks	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Timothy Bulow	officer: President and COO	2710 CAMINO DEL SOL, OXNARD CA 93030
Bonnie Cruickshank Lind	director	3460 PRESTON RIDGE ROAD, ALPHARETTA GA 30005
Shaunte Danielle Mears-watkins	director	2710 CAMINO DEL SOL, OXNARD CA 93030
Joanne C Wu	officer: General Counsel and Secretary	C/O MISSION PRODUCE, INC., 2710 CAMINO DEL SOL, OXNARD CA 93030
Michael A Browne	officer: CHIEF OPERATING OFFICER	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Jay A Pack	director	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Steve A Beebe	director	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Ross W Wileman	officer: See Remarks	C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Bruce C. Taylor	director, 10 percent owner	C/O TAYLOR FARMS, 911-B BLANCO CIRCLE, SALINAS CA 93901
Linda B Segre	director	2180 RUTHERFORD ROAD, CARLSBAD CA 92008