Fan Milk (XGHA:FML) Days Payable: 113.75 (As of Dec. 2022)


XGHA:FML Fan Milk PLC XGHA:FML
13 GF Score
Price GHS13.34
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What is Fan Milk Days Payable?

Fan Milk XGHA:FML -1.19% 13 Days Payable is 113.75 as of Dec. 2022. GuruFocus rates XGHA:FML with a GF Score™ of 13/100.

Fan Milk's average Accounts Payable for the three months ended in Dec. 2022 was GHS176.8 Mil. Fan Milk's Cost of Goods Sold for the three months ended in Dec. 2022 was GHS141.9 Mil. Hence, Fan Milk's Days Payable for the three months ended in Dec. 2022 was 113.75.

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

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

Fan Milk's Days Payable increased from Dec. 2021 (86.04) to Dec. 2022 (113.75). It may suggest that Fan Milk delayed paying its suppliers.

Fan Milk Days Payable Historical Data

* Premium members only.

The historical data trend for Fan Milk'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.

Fan Milk Days Payable Chart

Fan Milk Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.48 13.30 12.06 9.09 30.48

Fan Milk Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Dec16 Mar17 Dec17 Dec18 Sep19 Dec19 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 86.04 132.33 232.17 286.86 113.75

XGHA:FML vs KHC, GIS, HRL: Days Payable Comparison

For the Packaged Foods subindustry, Fan Milk'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.

Fan Milk Days Payable vs Consumer Packaged Goods Industry

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

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


XGHA:FML
13GF Score
Fan Milk PLC XGHA:FML
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Fan Milk 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.

Fan Milk's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (8.569 + 61.757) / 2 ) / 421.066*365
=35.163 / 421.066*365
=30.48

Fan Milk's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

Days Payable (Q: Dec. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2022 ) + Accounts Payable (Q: Dec. 2022 )) / count ) / Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=( (291.926 + 61.757) / 2 ) / 141.862*365 / 4
=176.8415 / 141.862*365 / 4
=113.75

* 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 113.75 mean?
Fan Milk (XGHA:FML) has a Days Payable of 113.75 as of Dec. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Fan Milk and its competitors.
Is Fan Milk's Days Payable too high?
Fan Milk's current Days Payable is 113.75. The Consumer Packaged Goods industry median Days Payable is 44.15. Fan Milk's value of 113.75 is 157.6% above this industry median. Overall, Fan Milk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Fan Milk's Days Payable compare to KHC and GIS?
Fan Milk's Days Payable of 113.75 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Payable is 44.15. Fan Milk's value of 113.75 is 157.6% above 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. Fan Milk's current Days Payable of 113.75 is 157.6% above 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 Fan Milk 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. Fan Milk's current Days Payable is 113.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fan Milk stock overvalued right now?
Fan Milk (XGHA:FML) has a current Days Payable of 113.75. The current Days Payable is 113.75 and 157.6% above the Consumer Packaged Goods industry median of 44.15. Fan Milk's overall GF Score™ is 13/100. 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 Fan Milk (XGHA:FML), the current Days Payable is 113.75 as of Dec. 2022. 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.

Fan Milk Business Description

Address Airport Commercial Centre, 2nd Floor, Grand Oyeman Building, Accra, GHA
Fan Milk PLC engages in the manufacturing and distribution of dairy products and fruit drinks. The company's milk-based products consist of frozen ice creams, chocolate, and yoghurt that includes FanYogo (yoghurt), FanChoco (chocolate), and FanIce (ice cream). Its fruit-based products include FanDango (fruit drink) and FanPop. It distributes its products through independent distributors and agents. The majority of the revenue is derived from the manufacturing and distribution of dairy products and fruit drinks.
13GF Score

Get the complete analysis for XGHA:FML

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

GHS13.34
Price