Astral Foods (JSE:ARL) Days Payable : 46.29 (As of Mar. 2024)

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What is Astral Foods Days Payable?

Astral Foods's average Accounts Payable for the six months ended in Mar. 2024 was R2,099 Mil. Astral Foods's Cost of Goods Sold for the six months ended in Mar. 2024 was R8,275 Mil. Hence, Astral Foods's Days Payable for the six months ended in Mar. 2024 was 46.29.

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

JSE:ARL' s Days Payable Range Over the Past 10 Years
Min: 36.8 Med: 39.02 Max: 49
Current: 46.42

During the past 13 years, Astral Foods's highest Days Payable was 49.00. The lowest was 36.80. And the median was 39.02.

JSE:ARL's Days Payable is ranked better than
50.39% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs JSE:ARL: 46.42

Astral Foods's Days Payable increased from Mar. 2023 (42.54) to Mar. 2024 (46.29). It may suggest that Astral Foods delayed paying its suppliers.

Astral Foods Days Payable Historical Data

The historical data trend for Astral Foods'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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Astral Foods Days Payable Chart

Astral Foods Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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37.64

39.23

38.65

37.72

36.80

Astral Foods Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															44.99	43.60	42.54	42.95	46.29

Competitive Comparison of Astral Foods's Days Payable

For the Farm Products subindustry, Astral Foods'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.

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

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

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

Astral Foods 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.

Astral Foods's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (1679.404	+	1826.043)	/	2 )	/	17385.151	*	365
=	1752.7235					/	17385.151	*	365
=	36.80

Astral Foods'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1826.043	+	2372.275)	/	2 )	/	8275.373	*	365 / 2
=	2099.159					/	8275.373	*	365 / 2
=	46.29

Astral Foods Days Payable Related Terms

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Astral Foods (JSE:ARL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Astral Foods Ltd (JSE:ARL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

A9U:Germany

Address

13 Thunderbolt Lane,, Lanseria Corporate Estate, Lanseria Ext 26, Lanseria, GT, ZAF, 1748

Website

https://www.astralfoods.com

Astral Foods Ltd is an integrated poultry producer operating under several brands. It supplies different poultry needs in Africa. The activities are divided into two operating segments. The poultry segment comprises the sale of poultry-related products for human consumption as well as day-old broilers, hatching eggs and day-old parent stock. The Feed segment comprises the sale of a wide range of specialized feed products for commercially farmed animal species. The majority of revenue is generated from the poultry segment. The company has multiple processing facilities to get the poultry to ready-to-eat form and manufacture vitamin and mineral feed additives.