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Davis Commodities (Davis Commodities) Days Payable : 33.69 (As of Dec. 2023)


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What is Davis Commodities Days Payable?

Davis Commodities's average Accounts Payable for the six months ended in Dec. 2023 was $16.6 Mil. Davis Commodities's Cost of Goods Sold for the six months ended in Dec. 2023 was $90.2 Mil. Hence, Davis Commodities's Days Payable for the six months ended in Dec. 2023 was 33.69.

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

DTCK' s Days Payable Range Over the Past 10 Years
Min: 16.08   Med: 19.27   Max: 25.42
Current: 25.42

During the past 4 years, Davis Commodities's highest Days Payable was 25.42. The lowest was 16.08. And the median was 19.27.

DTCK's Days Payable is ranked worse than
79.15% of 1794 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs DTCK: 25.42

Davis Commodities's Days Payable increased from Dec. 2022 (15.83) to Dec. 2023 (33.69). It may suggest that Davis Commodities delayed paying its suppliers.

Davis Commodities Days Payable Historical Data

The historical data trend for Davis Commodities'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.

Davis Commodities Days Payable Chart

Davis Commodities Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Payable
16.08 20.94 19.24 19.29

Davis Commodities Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial 27.50 26.74 15.83 23.48 33.69

Competitive Comparison of Davis Commodities's Days Payable

For the Farm Products subindustry, Davis Commodities'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.

Davis Commodities's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Davis Commodities's Days Payable falls into.


Davis Commodities 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.

Davis Commodities'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
=( (5.096 + 14.323) / 2 ) / 183.695*365
=9.7095 / 183.695*365
=19.29

Davis Commodities'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
=( (18.968 + 14.323) / 2 ) / 90.17*365 / 2
=16.6455 / 90.17*365 / 2
=33.69

* 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.

Davis Commodities Days Payable Related Terms

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

Davis Commodities (Davis Commodities) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davis Commodities Ltd (NAS:DTCK) » Definitions » Days Payable
Comparable Companies
VFF GCEH ALCO SDOT SANW LOCL SHMP TAER AQB SISI ADM SZSE:002714 SZSE:300498 TSN SHSE:600438 BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN
Traded in Other Exchanges
N/A
Address
10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079
Website
Davis Commodities Ltd is an agricultural commodity trading company based in Singapore which specializes in trading of three main categories of agricultural commodities namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage and logistics services.