Oman Flour Mills (MUS:OFMI) Days Payable: 17.90 (As of Dec. 2023)


MUS:OFMI Oman Flour Mills MUS:OFMI
72 GF Score
Price ر.ع0.56
View Full Analysis

What is Oman Flour Mills Days Payable?

Oman Flour Mills MUS:OFMI 72 Days Payable is 17.90 as of Dec. 2023. GuruFocus rates MUS:OFMI with a GF Score™ of 72/100.

Oman Flour Mills's average Accounts Payable for the six months ended in Dec. 2023 was ر.ع5.2 Mil. Oman Flour Mills's Cost of Goods Sold for the six months ended in Dec. 2023 was ر.ع105.8 Mil. Hence, Oman Flour Mills's Days Payable for the six months ended in Dec. 2023 was 8.95.

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

MUS:OFMI's Days Payable is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 44.15
* Ranked among companies with meaningful Days Payable only.

Oman Flour Mills's Days Payable declined from Dec. 2021 (40.50) to Dec. 2023 (17.90). It may suggest that Oman Flour Mills accelerated paying its suppliers.

Oman Flour Mills Days Payable Historical Data

* Premium members only.

The historical data trend for Oman Flour Mills'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.

Oman Flour Mills Days Payable Chart

Oman Flour Mills Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.80 25.20 40.50 31.94 17.90

Oman Flour Mills Semi-Annual Data
Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Dec21 Dec22 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.80 25.20 40.50 31.94 17.90

MUS:OFMI vs JBS, KHC, K: Days Payable Comparison

For the Packaged Foods subindustry, Oman Flour Mills'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.

Oman Flour Mills Days Payable vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Oman Flour Mills's Days Payable falls into.


MUS:OFMI
72GF Score
Oman Flour Mills MUS:OFMI
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oman Flour Mills 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.

Oman Flour Mills'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
=( (4.617 + 5.76) / 2 ) / 105.823*365
=5.1885 / 105.823*365
=17.90

Oman Flour Mills's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2022 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (4.617 + 5.76) / 2 ) / 105.823*365 / 2
=5.1885 / 105.823*365 / 2
=8.95

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 17.90 mean?
Oman Flour Mills (MUS:OFMI) has a Days Payable of 17.90 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Oman Flour Mills and its competitors.
Is Oman Flour Mills' Days Payable too high?
Oman Flour Mills' current Days Payable is 17.90. The Consumer Packaged Goods industry median Days Payable is 44.15. Oman Flour Mills' value of 17.90 is 59.5% below this industry median. Overall, Oman Flour Mills has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Oman Flour Mills' Days Payable compare to JBS and KHC?
Oman Flour Mills' Days Payable of 17.90 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Payable is 44.15. Oman Flour Mills' value of 17.90 is 59.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.15, based on 1,883 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Oman Flour Mills's current Days Payable of 17.90 is 59.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Oman Flour Mills and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oman Flour Mills's current Days Payable is 17.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oman Flour Mills stock overvalued right now?
Oman Flour Mills (MUS:OFMI) has a current Days Payable of 17.90. The current Days Payable is 17.90 and 59.5% below the Consumer Packaged Goods industry median of 44.15. Oman Flour Mills' overall GF Score™ is 72/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Oman Flour Mills (MUS:OFMI), the current Days Payable is 17.90 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Oman Flour Mills Business Description

Address P.O. Box 566, Ruwi, OMN, 112
Oman Flour Mills is an Oman-based company engaged in the milling of wheat and other cereals and sale of flour, and the processing and sale of animal feed. In addition, the company through its subsidiaries is also involved in the production and sale of eggs, and selling and distribution of franchise frozen bakery products. The group generates the majority of the revenue from the sale of Feed and related products. The company markets its flour mill products through Dahabi brand and feed mill products through Barakat brand.
72GF Score

Get the complete analysis for MUS:OFMI

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ر.ع0.56
Price