Oceana Group (JSE:OCE) Days Payable : 72.36 (As of Sep. 2023)

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What is Oceana Group Days Payable?

Oceana Group's average Accounts Payable for the six months ended in Sep. 2023 was R1,528 Mil. Oceana Group's Cost of Goods Sold for the six months ended in Sep. 2023 was R3,854 Mil. Hence, Oceana Group's Days Payable for the six months ended in Sep. 2023 was 72.36.

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

JSE:OCE' s Days Payable Range Over the Past 10 Years
Min: 51.18 Med: 80.76 Max: 100.95
Current: 79.53

During the past 13 years, Oceana Group's highest Days Payable was 100.95. The lowest was 51.18. And the median was 80.76.

JSE:OCE's Days Payable is ranked better than
74.73% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 46.12 vs JSE:OCE: 79.53

Oceana Group's Days Payable declined from Sep. 2022 (74.21) to Sep. 2023 (72.36). It may suggest that Oceana Group accelerated paying its suppliers.

Oceana Group Days Payable Historical Data

The historical data trend for Oceana 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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Oceana Group Days Payable Chart

Oceana Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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73.70

99.16

88.19

82.00

79.51

Oceana Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															78.81	86.76	74.21	87.99	72.36

Competitive Comparison of Oceana Group's Days Payable

For the Packaged Foods subindustry, Oceana 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.

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

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

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

Oceana 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.

Oceana Group'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
=	( (1607	+	1501)	/	2 )	/	7134	*	365
=	1554					/	7134	*	365
=	79.51

Oceana Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1555.526	+	1501)	/	2 )	/	3854.286	*	365 / 2
=	1528.263					/	3854.286	*	365 / 2
=	72.36

Oceana Group Days Payable Related Terms

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Oceana Group (JSE:OCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oceana Group Ltd (JSE:OCE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OCGPF:USA OCG:Namibia O1F:Germany

Address

25 Jan Smuts Street, 9th Floor, Oceana House, Foreshore, Cape Town, WC, ZAF, 8001

Website

https://www.oceana.co.za

Oceana Group Ltd is an African fishing company focused on catching, procuring, processing, marketing, and distributing canned fish, fishmeal, fish oil, lobster, horse mackerel, squid, and hake. Oceana Group also provides refrigerated warehouse facilities and logistical support services. The company's principal market is the lower-end consumer who prefers canned fish and horse mackerel. The majority of Oceana Group's revenue is derived from South Africa and Nambia. The company operates through four segments: Canned Fish and Fishmeal (Africa), which contributes the majority portion of revenue; Fishmeal and Fish Oil (USA); Horse Mackerel, Hake, Lobster, and Squid; and Commercial Cold Storage Logistics.

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