Good Flour (Good Flour) Days Payable : 250.46 (As of Mar. 2024)

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What is Good Flour Days Payable?

Good Flour's average Accounts Payable for the three months ended in Mar. 2024 was $0.91 Mil. Good Flour's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.33 Mil. Hence, Good Flour's Days Payable for the three months ended in Mar. 2024 was 250.46.

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

GFCOF' s Days Payable Range Over the Past 10 Years
Min: 175.46 Med: 342.7 Max: 509.93
Current: 196.08

During the past 2 years, Good Flour's highest Days Payable was 509.93. The lowest was 175.46. And the median was 342.70.

GFCOF's Days Payable is ranked better than
93.08% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.25 vs GFCOF: 196.08

Good Flour's Days Payable declined from Mar. 2023 (257.18) to Mar. 2024 (250.46). It may suggest that Good Flour accelerated paying its suppliers.

Good Flour Days Payable Historical Data

The historical data trend for Good Flour'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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Good Flour Days Payable Chart

Good Flour Annual Data

Trend

Jun22

Jun23

Days Payable

510.08

178.24

Good Flour Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								257.18	131.18	176.81	293.99	250.46

Competitive Comparison of Good Flour's Days Payable

For the Packaged Foods subindustry, Good Flour'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.

Good Flour's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Good Flour 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.

Good Flour's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.668	+	0.838)	/	2 )	/	1.542	*	365
=	0.753					/	1.542	*	365
=	178.24

Good Flour'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
=	( (0.87	+	0.947)	/	2 )	/	0.331	*	365 / 4
=	0.9085					/	0.331	*	365 / 4
=	250.46

Good Flour Days Payable Related Terms

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Good Flour (Good Flour) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Good Flour Corp (OTCPK:GFCOF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

3KZ:Germany GFCO:Canada

Address

5791 Sidley Street, Burnaby, BC, CAN, V5J 5E6

Website

https://www.goodflour.co

Good Flour Corp is engaged in manufacturing and selling gluten-free and plant-based food products. It currently offers Pizza Blends, Batter Premixes, Pancake and Waffle Blends, and Gluten-Free Desserts.

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