House Foods Group (House Foods Group) Days Payable : 39.96 (As of Dec. 2023)

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What is House Foods Group Days Payable?

House Foods Group's average Accounts Payable for the three months ended in Dec. 2023 was $159 Mil. House Foods Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $362 Mil. Hence, House Foods Group's Days Payable for the three months ended in Dec. 2023 was 39.96.

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

HOFJF' s Days Payable Range Over the Past 10 Years
Min: 39.95 Med: 44.64 Max: 48.74
Current: 42.02

During the past 13 years, House Foods Group's highest Days Payable was 48.74. The lowest was 39.95. And the median was 44.64.

HOFJF's Days Payable is ranked worse than
55.03% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs HOFJF: 42.02

House Foods Group's Days Payable declined from Dec. 2022 (42.63) to Dec. 2023 (39.96). It may suggest that House Foods Group accelerated paying its suppliers.

House Foods Group Days Payable Historical Data

The historical data trend for House Foods Group'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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House Foods Group Days Payable Chart

House Foods Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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45.90

43.43

42.14

42.34

43.09

House Foods Group 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															44.40	43.63	43.64	39.96	44.90

Competitive Comparison of House Foods Group's Days Payable

For the Packaged Foods subindustry, House Foods Group'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.

House Foods Group's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where House Foods Group's Days Payable falls into.

House Foods Group 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.

House Foods Group's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (153.414	+	147.058)	/	2 )	/	1272.499	*	365
=	150.236					/	1272.499	*	365
=	43.09

House Foods Group'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (151.192	+	165.924)	/	2 )	/	362.074	*	365 / 4
=	158.558					/	362.074	*	365 / 4
=	39.96

House Foods Group Days Payable Related Terms

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House Foods Group (House Foods Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » House Foods Group Inc (OTCPK:HOFJF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2810:Japan

Address

6-3 Kioicho, Chiyoda-ward, Tokyo, JPN, 102-8560

Website

https://www.housefoods.jp

House Foods Group Inc is a Japan-based company which produces and sells processed foods including curry roux, and spices. It also diversifies into snacks, instant noodles, and retort pouch products. The company's segments include Spice / Seasoning / Processed Food Business, Health Food Business, International Food Business. The Spice / Seasoning / Processed Food Business contributes to the majority of the company's revenue.

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