GraceKennedy (XJAM:GK) Days Payable : 58.22 (As of Sep. 2024)

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What is GraceKennedy Days Payable?

GraceKennedy's average Accounts Payable for the three months ended in Sep. 2024 was JMD25,371 Mil. GraceKennedy's Cost of Goods Sold for the three months ended in Sep. 2024 was JMD39,767 Mil. Hence, GraceKennedy's Days Payable for the three months ended in Sep. 2024 was 58.22.

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

XJAM:GK' s Days Payable Range Over the Past 10 Years
Min: 25.55 Med: 42.34 Max: 103.59
Current: 68.35

During the past 13 years, GraceKennedy's highest Days Payable was 103.59. The lowest was 25.55. And the median was 42.34.

XJAM:GK's Days Payable is ranked better than
69.2% of 1815 companies
in the Consumer Packaged Goods industry
Industry Median: 45.79 vs XJAM:GK: 68.35

GraceKennedy's Days Payable declined from Sep. 2023 (82.52) to Sep. 2024 (58.22). It may suggest that GraceKennedy accelerated paying its suppliers.

GraceKennedy Days Payable Historical Data

The historical data trend for GraceKennedy'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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GraceKennedy Days Payable Chart

GraceKennedy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.67

33.66

56.31

51.38

25.55

GraceKennedy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															82.52	263.59	37.07	58.99	58.22

Competitive Comparison of GraceKennedy's Days Payable

For the Packaged Foods subindustry, GraceKennedy'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.

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

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

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

GraceKennedy 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.

GraceKennedy'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
=	( (8005.769	+	8673.129)	/	2 )	/	119148.137	*	365
=	8339.449					/	119148.137	*	365
=	25.55

GraceKennedy's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (26990.863	+	23750.775)	/	2 )	/	39767.427	*	365 / 4
=	25370.819					/	39767.427	*	365 / 4
=	58.22

GraceKennedy Days Payable Related Terms

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GraceKennedy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GraceKennedy Ltd (XJAM:GK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GKC:Trinidad and Tobago

Address

42-56 Harbour Street, Kingston, JAM

Website

https://www.gracekennedy.com

GraceKennedy Ltd engages in the food and financial services business. The company has four reportable segments namely Food Trading, Banking and Investments, Insurance and Money Services. The food Trading segment includes the processing and distribution of food products. It generates maximum revenue from the Food Trading segment. Geographically, it derives the majority revenue from Jamaica and also has a presence in the United Kingdom, the United States of America, Canada, Other Caribbean countries, Other European countries, Africa and Other Countries.