FAMI (Farmmi) Days Payable : 0.39 (As of Sep. 2024)

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What is Farmmi Days Payable?

Farmmi's average Accounts Payable for the six months ended in Sep. 2024 was $0.06 Mil. Farmmi's Cost of Goods Sold for the six months ended in Sep. 2024 was $25.96 Mil. Hence, Farmmi's Days Payable for the six months ended in Sep. 2024 was 0.39.

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

FAMI' s Days Payable Range Over the Past 10 Years
Min: 0.39 Med: 4.25 Max: 48.8
Current: 2.46

During the past 10 years, Farmmi's highest Days Payable was 48.80. The lowest was 0.39. And the median was 4.25.

FAMI's Days Payable is ranked worse than
99.07% of 1828 companies
in the Consumer Packaged Goods industry
Industry Median: 45.835 vs FAMI: 2.46

Farmmi's Days Payable declined from Sep. 2023 (4.42) to Sep. 2024 (0.39). It may suggest that Farmmi accelerated paying its suppliers.

Farmmi Days Payable Historical Data

The historical data trend for Farmmi'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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Farmmi Days Payable Chart

Farmmi Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Days Payable

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2.39

0.39

0.49

2.24

3.56

Farmmi Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial														1.52	2.19	4.42	3.05	0.39

Competitive Comparison of Farmmi's Days Payable

For the Packaged Foods subindustry, Farmmi'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.

Farmmi's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

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Farmmi 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.

Farmmi's Days Payable for the fiscal year that ended in Sep. 2024 is calculated as

	Days Payable (A: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2023 )	+	Accounts Payable (A: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2024 )	*	Days in Period
=	( (1.106	+	0.07)	/	2 )	/	60.257	*	365
=	0.588					/	60.257	*	365
=	3.56

Farmmi's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.04	+	0.07)	/	2 )	/	25.963	*	365 / 2
=	0.055					/	25.963	*	365 / 2
=	0.39

Farmmi Days Payable Related Terms

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Farmmi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Farmmi Inc (NAS:FAMI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Tianning Street, Floor 1, Building No. 1, Liandu District, Zhejiang Province, Lishui, CHN, 323000

Website

http://farmmi.com

Farmmi Inc is an investment holding company. Through its subsidiaries, it acts as a supplier of agricultural products. It is an agricultural technology enterprise focused on its supply chain platform by promoting edible mushroom products and agriculture technology. Its product offerings include tapioca, corn, red dates, shiitake mushrooms, mu er fungus, other edible fungi, and other agricultural products. Geographically, the company's products are sold in China, Southeast Asia, Japan, North America, Europe, and the Middle East under the Forasen and Farmmi brands.