Ginebran Miguel (Ginebran Miguel) Days Payable : 51.58 (As of Mar. 2024)

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What is Ginebran Miguel Days Payable?

Ginebran Miguel's average Accounts Payable for the three months ended in Mar. 2024 was $109.7 Mil. Ginebran Miguel's Cost of Goods Sold for the three months ended in Mar. 2024 was $194.1 Mil. Hence, Ginebran Miguel's Days Payable for the three months ended in Mar. 2024 was 51.58.

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

GBSMF' s Days Payable Range Over the Past 10 Years
Min: 36.15 Med: 51.82 Max: 61.88
Current: 53.92

During the past 13 years, Ginebran Miguel's highest Days Payable was 61.88. The lowest was 36.15. And the median was 51.82.

GBSMF's Days Payable is ranked worse than
69.31% of 202 companies
in the Beverages - Alcoholic industry
Industry Median: 78.49 vs GBSMF: 53.92

Ginebran Miguel's Days Payable declined from Mar. 2023 (54.35) to Mar. 2024 (51.58). It may suggest that Ginebran Miguel accelerated paying its suppliers.

Ginebran Miguel Days Payable Historical Data

The historical data trend for Ginebran Miguel'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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Ginebran Miguel Days Payable Chart

Ginebran Miguel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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58.51

61.88

57.67

52.91

49.08

Ginebran Miguel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															54.35	58.25	53.07	48.70	51.58

Competitive Comparison of Ginebran Miguel's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Ginebran Miguel'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.

Ginebran Miguel's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Ginebran Miguel's Days Payable distribution charts can be found below:

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

Ginebran Miguel 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.

Ginebran Miguel'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
=	( (91.617	+	95.441)	/	2 )	/	695.609	*	365
=	93.529					/	695.609	*	365
=	49.08

Ginebran Miguel's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (95.441	+	123.985)	/	2 )	/	194.091	*	365 / 4
=	109.713					/	194.091	*	365 / 4
=	51.58

Ginebran Miguel Days Payable Related Terms

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Ginebran Miguel (Ginebran Miguel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Ginebra San Miguel Inc (OTCPK:GBSMF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GSMI:Philippines

Address

St. Francis Street, Ortigas Center, 3rd and 6th Floors, San Miguel Properties Centre, Mandaluyong, PHL, 1550

Website

https://www.ginebrasanmiguel.com

Ginebra San Miguel Inc manufactures and sells alcoholic beverages in the Philippines. It offers alcoholic beverages, under the following brand names; Ginebra San Miguel gin, GSM Blue, GSM Blue Flavors, Ginebra San Miguel Premium Gin, Antonov Vodka, Primera Light Brandy, Vino Kulafu, and Antonov vodka.