Apex Frozen Foods (NSE:APEX) Days Payable : 8.10 (As of Mar. 2024)

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What is Apex Frozen Foods Days Payable?

Apex Frozen Foods's average Accounts Payable for the three months ended in Mar. 2024 was ₹103 Mil. Apex Frozen Foods's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,155 Mil. Hence, Apex Frozen Foods's Days Payable for the three months ended in Mar. 2024 was 8.10.

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

NSE:APEX' s Days Payable Range Over the Past 10 Years
Min: 8.92 Med: 13.62 Max: 21.5
Current: 9.93

During the past 11 years, Apex Frozen Foods's highest Days Payable was 21.50. The lowest was 8.92. And the median was 13.62.

NSE:APEX's Days Payable is ranked worse than
95.98% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs NSE:APEX: 9.93

Apex Frozen Foods's Days Payable declined from Mar. 2023 (9.88) to Mar. 2024 (8.10). It may suggest that Apex Frozen Foods accelerated paying its suppliers.

Apex Frozen Foods Days Payable Historical Data

The historical data trend for Apex Frozen Foods'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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Apex Frozen Foods Days Payable Chart

Apex Frozen Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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21.49

21.50

14.16

9.39

8.92

Apex Frozen Foods 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															9.88	8.67	9.95	17.38	8.10

Competitive Comparison of Apex Frozen Foods's Days Payable

For the Farm Products subindustry, Apex Frozen Foods'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.

Apex Frozen Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Apex Frozen Foods's Days Payable falls into.

Apex Frozen Foods 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.

Apex Frozen Foods's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (172.53	+	102.563)	/	2 )	/	5627.143	*	365
=	137.5465					/	5627.143	*	365
=	8.92

Apex Frozen Foods'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
=	( (0	+	102.563)	/	1 )	/	1155.238	*	365 / 4
=	102.563					/	1155.238	*	365 / 4
=	8.10

Apex Frozen Foods Days Payable Related Terms

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Apex Frozen Foods (NSE:APEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Apex Frozen Foods Ltd (NSE:APEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

540692:India

Address

3 - 160, Panasapadu, East Godavari District, Kakinada, AP, IND, 533 005

Website

https://www.apexfrozenfoods.in

Apex Frozen Foods Ltd is a producer and exporter of shelf-stable quality aquaculture products. It supplies ready-to-cook products to food companies, retail chains, restaurants, club stores, and distributors spread across the developed markets of the USA and various European countries. It produces two kinds of shrimp namely the Whiteleg shrimp (Litopenaeus Vannamei) and the Black Tiger Shrimp (Penaeus Monodon). These products are sold under the brands of Bay Fresh, Bay Harvest, and BayPremium.