RFG Holdings (JSE:RFG) Days Payable : 51.13 (As of Sep. 2023)

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What is RFG Holdings Days Payable?

RFG Holdings's average Accounts Payable for the six months ended in Sep. 2023 was R858 Mil. RFG Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was R3,064 Mil. Hence, RFG Holdings's Days Payable for the six months ended in Sep. 2023 was 51.13.

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

JSE:RFG' s Days Payable Range Over the Past 10 Years
Min: 38.28 Med: 45.21 Max: 67.92
Current: 46.92

During the past 9 years, RFG Holdings's highest Days Payable was 67.92. The lowest was 38.28. And the median was 45.21.

JSE:RFG's Days Payable is ranked better than
51.29% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs JSE:RFG: 46.92

RFG Holdings's Days Payable declined from Sep. 2022 (51.60) to Sep. 2023 (51.13). It may suggest that RFG Holdings accelerated paying its suppliers.

RFG Holdings Days Payable Historical Data

The historical data trend for RFG Holdings'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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RFG Holdings Days Payable Chart

RFG Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Days Payable

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43.58

44.17

41.81

45.21

38.28

RFG Holdings 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															60.88	58.60	51.60	52.69	51.13

Competitive Comparison of RFG Holdings's Days Payable

For the Packaged Foods subindustry, RFG Holdings'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.

RFG Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where RFG Holdings's Days Payable falls into.

RFG Holdings 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.

RFG Holdings's Days Payable for the fiscal year that ended in Sep. 2022 is calculated as

	Days Payable (A: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2021 )	+	Accounts Payable (A: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2022 )	*	Days in Period
=	( (615.992	+	561.767)	/	2 )	/	5614.361	*	365
=	588.8795					/	5614.361	*	365
=	38.28

RFG Holdings'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
=	( (1080.932	+	635.818)	/	2 )	/	3063.739	*	365 / 2
=	858.375					/	3063.739	*	365 / 2
=	51.13

RFG Holdings Days Payable Related Terms

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RFG Holdings (JSE:RFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » RFG Holdings Ltd (JSE:RFG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pniel Road, Groot Drakenstein, Cape Town, WC, ZAF, 7680

Website

https://www.rfg.com

RFG Holdings Ltd is a South Africa based company engaged in supplying fresh, frozen, and convenience meal solutions. The product range offered by the company includes canned fruit, jam, vegetable and meat products, bottled salads, fruit juices and purees, fresh ready meals, pies, pastries, bakery, and dairy products. The business operates under two divisions namely, Long life foods and Fresh products. Long life foods division, which includes canned fruits and vegetables, jams, bottled salads, fruit juice, fruit purees, baby food, and canned meat, contributes majorly to the group's revenue. The company's reportable segments include, Regional which is the key revenue generating segment, and International.