Rafhan Maize Product Co (KAR:RMPL) Days Payable : 68.47 (As of Mar. 2024)

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What is Rafhan Maize Product Co Days Payable?

Rafhan Maize Product Co's average Accounts Payable for the three months ended in Mar. 2024 was ₨10,422 Mil. Rafhan Maize Product Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨13,889 Mil. Hence, Rafhan Maize Product Co's Days Payable for the three months ended in Mar. 2024 was 68.47.

The historical rank and industry rank for Rafhan Maize Product Co's Days Payable or its related term are showing as below:

KAR:RMPL' s Days Payable Range Over the Past 10 Years
Min: 5.13 Med: 9.06 Max: 70.97
Current: 70.97

During the past 13 years, Rafhan Maize Product Co's highest Days Payable was 70.97. The lowest was 5.13. And the median was 9.06.

KAR:RMPL's Days Payable is ranked better than
70.79% of 1794 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs KAR:RMPL: 70.97

Rafhan Maize Product Co's Days Payable increased from Mar. 2023 (36.97) to Mar. 2024 (68.47). It may suggest that Rafhan Maize Product Co delayed paying its suppliers.

Rafhan Maize Product Co Days Payable Historical Data

The historical data trend for Rafhan Maize Product Co'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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Rafhan Maize Product Co Days Payable Chart

Rafhan Maize Product Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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5.13

10.32

13.04

14.69

49.58

Rafhan Maize Product Co 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															36.97	78.89	78.78	68.64	68.47

Competitive Comparison of Rafhan Maize Product Co's Days Payable

For the Farm Products subindustry, Rafhan Maize Product Co'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.

Rafhan Maize Product Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Rafhan Maize Product Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Rafhan Maize Product Co's Days Payable falls into.

Rafhan Maize Product Co 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.

Rafhan Maize Product Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2522.869	+	11460.949)	/	2 )	/	51475.296	*	365
=	6991.909					/	51475.296	*	365
=	49.58

Rafhan Maize Product Co'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
=	( (11460.949	+	9382.781)	/	2 )	/	13888.672	*	365 / 4
=	10421.865					/	13888.672	*	365 / 4
=	68.47

Rafhan Maize Product Co Days Payable Related Terms

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Rafhan Maize Product Co (KAR:RMPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rafhan Maize Product Co Ltd (KAR:RMPL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rakh Canal, East Road, P.O. Box 62, Faisalabad, PB, PAK, 38060

Website

https://rafhanmaize.com

Rafhan Maize Product Co Ltd is involved in the business of using maize as the basic raw material to manufacture and sell industrial products. The firm's major products are Industrial Starches, Liquid Glucose, Dextrose, Dextrin, and Gluten Meals. It supplies its products to textiles, pharmaceuticals, paper, food, baking, confectionery, and other industries. The company sells its products in Pakistan and also exports them to other countries, of which key revenue is derived within Pakistan.

Rafhan Maize Product Co (KAR:RMPL) Headlines

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