OGAA (Organic Agricultural Co) Days Payable: 9.64 (As of Dec. 2023)


What is Organic Agricultural Co Days Payable?

Organic Agricultural Co OGAA Days Payable is 9.64 as of Dec. 2023.

Organic Agricultural Co's average Accounts Payable for the three months ended in Dec. 2023 was $0.02 Mil. Organic Agricultural Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.21 Mil. Hence, Organic Agricultural Co's Days Payable for the three months ended in Dec. 2023 was 9.64.

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

OGAA's Days Payable is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 43.885
* Ranked among companies with meaningful Days Payable only.

Organic Agricultural Co's Days Payable declined from Dec. 2022 (32.59) to Dec. 2023 (9.64). It may suggest that Organic Agricultural Co accelerated paying its suppliers.

Organic Agricultural Co Days Payable Historical Data

* Premium members only.

The historical data trend for Organic Agricultural 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.

Organic Agricultural Co Days Payable Chart

Organic Agricultural Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable
Get a 7-Day Free Trial 26.04 124.30 279.97 108.33 123.98

Organic Agricultural Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.59 105.66 56.10 9.90 9.64

OGAA vs ADM, TSN, BG: Days Payable Comparison

For the Farm Products subindustry, Organic Agricultural 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.

Organic Agricultural Co Days Payable vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Organic Agricultural Co's Days Payable falls into.


Organic Agricultural 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.

Organic Agricultural Co'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
=( (0.064 + 0.061) / 2 ) / 0.184*365
=0.0625 / 0.184*365
=123.98

Organic Agricultural Co'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: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.029 + 0.016) / 2 ) / 0.213*365 / 4
=0.0225 / 0.213*365 / 4
=9.64

* 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 9.64 mean?
Organic Agricultural Co (OGAA) has a Days Payable of 9.64 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 Organic Agricultural Co and its competitors.
Is Organic Agricultural Co's Days Payable too high?
Organic Agricultural Co's current Days Payable is 9.64. The Consumer Packaged Goods industry median Days Payable is 43.89. Organic Agricultural Co's value of 9.64 is 78% below this industry median.
How does Organic Agricultural Co's Days Payable compare to ADM and TSN?
Organic Agricultural Co's Days Payable of 9.64 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Payable is 43.89. Organic Agricultural Co's value of 9.64 is 78% 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 43.89, based on 1,884 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. Organic Agricultural Co's current Days Payable of 9.64 is 78% 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 Organic Agricultural Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 43.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Organic Agricultural Co's current Days Payable is 9.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Organic Agricultural Co stock overvalued right now?
Organic Agricultural Co (OGAA) has a current Days Payable of 9.64. The current Days Payable is 9.64 and 78% below the Consumer Packaged Goods industry median of 43.89. 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 Organic Agricultural Co (OGAA), the current Days Payable is 9.64 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.

Organic Agricultural Co Business Description

Address High and New Technology Industrial Development District, Room G504 G506 G509 G510, Building No. 3, Kejichuangxincheng Chuangxinchuangye Plaza, Heilongjiang Province, Harbin, CHN, 150090
Organic Agricultural Co Ltd is engaged in manufacturing of agricultural products, rice, coarse cereals, and other related products. The Company sells paddy and selenium-enriched paddy products, rice and other agricultural products.