Lotus Bakeries NV (CHIX:LOTBB) Days Payable : 92.26 (As of Dec. 2023)

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What is Lotus Bakeries NV Days Payable?

Lotus Bakeries NV's average Accounts Payable for the six months ended in Dec. 2023 was €174 Mil. Lotus Bakeries NV's Cost of Goods Sold for the six months ended in Dec. 2023 was €344 Mil. Hence, Lotus Bakeries NV's Days Payable for the six months ended in Dec. 2023 was 92.26.

The historical rank and industry rank for Lotus Bakeries NV's Days Payable or its related term are showing as below:

CHIX:LOTBb' s Days Payable Range Over the Past 10 Years
Min: 57.7 Med: 83.11 Max: 91.86
Current: 91.86

During the past 13 years, Lotus Bakeries NV's highest Days Payable was 91.86. The lowest was 57.70. And the median was 83.11.

CHIX:LOTBb's Days Payable is ranked better than
79.46% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.25 vs CHIX:LOTBb: 91.86

Lotus Bakeries NV's Days Payable increased from Dec. 2022 (87.20) to Dec. 2023 (92.26). It may suggest that Lotus Bakeries NV delayed paying its suppliers.

Lotus Bakeries NV Days Payable Historical Data

The historical data trend for Lotus Bakeries NV'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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Lotus Bakeries NV Days Payable Chart

Lotus Bakeries NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.33

81.73

87.65

91.43

85.73

Lotus Bakeries NV 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															85.19	93.42	87.20	97.97	92.26

Competitive Comparison of Lotus Bakeries NV's Days Payable

For the Packaged Foods subindustry, Lotus Bakeries NV'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.

Lotus Bakeries NV's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Lotus Bakeries NV's Days Payable falls into.

Lotus Bakeries NV 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.

Lotus Bakeries NV'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
=	( (140.003	+	163.411)	/	2 )	/	645.927	*	365
=	151.707					/	645.927	*	365
=	85.73

Lotus Bakeries NV'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
=	( (184.274	+	163.411)	/	2 )	/	343.884	*	365 / 2
=	173.8425					/	343.884	*	365 / 2
=	92.26

Lotus Bakeries NV Days Payable Related Terms

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Lotus Bakeries NV (CHIX:LOTBB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lotus Bakeries NV (CHIX:LOTBb) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LOTBY:USA 0F4O:UK LOTB:Belgium

Address

Gentstraat 1, Lembeke, BEL, B-9971

Website

https://www.lotusbakeries.com

Lotus Bakeries NV produces and sells snacks under a range of brands. Under the Peijnenburg and Snelle Jelle brands, the company supplies gingerbread in Netherlands. With the Nakd, Trek, Bear, and Urban Fruit brands, the company offers snacks made from natural ingredients and no added sugar. Lotus Bakeries operates in Belgium, with production facilities in Belgium, the Netherlands, France, and Sweden, and a number of sales units in Europe, the U.S., and Asia. The company's product portfolio is divided into six product lines: the caramelized biscuits line, the waffles and galettes line, the cake specialties line, the gingerbread line, the pepparkakor biscuits line, and the Dinosaurs biscuits line. Lotus Bakeries distributes its products through retail, catering, and food services.

Lotus Bakeries NV (CHIX:LOTBB) Headlines

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