Agriterra (LSE:AGTA) Days Payable : 60.82 (As of Sep. 2023)

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What is Agriterra Days Payable?

Agriterra's average Accounts Payable for the six months ended in Sep. 2023 was £0.82 Mil. Agriterra's Cost of Goods Sold for the six months ended in Sep. 2023 was £2.47 Mil. Hence, Agriterra's Days Payable for the six months ended in Sep. 2023 was 60.82.

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

LSE:AGTA' s Days Payable Range Over the Past 10 Years
Min: 3.69 Med: 14.89 Max: 54.22
Current: 54.22

During the past 13 years, Agriterra's highest Days Payable was 54.22. The lowest was 3.69. And the median was 14.89.

LSE:AGTA's Days Payable is ranked better than
58.47% of 1794 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs LSE:AGTA: 54.22

Agriterra's Days Payable increased from Sep. 2022 (48.02) to Sep. 2023 (60.82). It may suggest that Agriterra delayed paying its suppliers.

Agriterra Days Payable Historical Data

The historical data trend for Agriterra'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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Agriterra Days Payable Chart

Agriterra Annual Data

Trend

May13

May14

May15

May16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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20.64

32.30

38.48

37.00

12.54

Agriterra Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															85.94	61.96	48.02	30.24	60.82

Competitive Comparison of Agriterra's Days Payable

For the Farm Products subindustry, Agriterra'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.

Agriterra's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Agriterra 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.

Agriterra's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.453	+	0.059)	/	2 )	/	7.454	*	365
=	0.256					/	7.454	*	365
=	12.54

Agriterra'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
=	( (0.059	+	1.586)	/	2 )	/	2.468	*	365 / 2
=	0.8225					/	2.468	*	365 / 2
=	60.82

Agriterra Days Payable Related Terms

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Agriterra (LSE:AGTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Agriterra Ltd (LSE:AGTA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AGTA.GB:UK

Address

Talhão AF-28 Bairro Tembwe, E.N.6, Manica Province, Chimoio, MOZ

Website

http://www.agriterra-ltd.com

Agriterra Ltd is engaged in investing, developing, and operating agricultural projects. It operates in two segments: Grain, which generates majority revenue, Snax; and Beef. The grain segment operates as maize purchasing and processing businesses. Its Beef segment is engaged in sourcing cattle from local farmers and then processes them through its feedlot, abattoir operations, and retail units. Its Snax segment sources maize grits from DECA, processing them into flavoured puffs and naks. The majority of its revenue comes from the Mozambique market.

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