Seed Co (XZIM:SEED.ZW) Days Payable : 602.13 (As of Sep. 2023)

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What is Seed Co Days Payable?

Seed Co's average Accounts Payable for the six months ended in Sep. 2023 was ZWL69,616 Mil. Seed Co's Cost of Goods Sold for the six months ended in Sep. 2023 was ZWL21,100 Mil. Hence, Seed Co's Days Payable for the six months ended in Sep. 2023 was 602.13.

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

XZIM:SEED.ZW' s Days Payable Range Over the Past 10 Years
Min: 1.36 Med: 43 Max: 3449.11
Current: 722.14

During the past 8 years, Seed Co's highest Days Payable was 3449.11. The lowest was 1.36. And the median was 43.00.

XZIM:SEED.ZW's Days Payable is ranked better than
97.45% of 235 companies
in the Agriculture industry
Industry Median: 74.72 vs XZIM:SEED.ZW: 722.14

Seed Co's Days Payable increased from Sep. 2022 (33.80) to Sep. 2023 (602.13). It may suggest that Seed Co delayed paying its suppliers.

Seed Co Days Payable Historical Data

The historical data trend for Seed 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.

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Seed Co Days Payable Chart

Seed Co Annual Data

Trend

Mar09

Mar11

Mar12

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

3,449.11

1.36

1.58

9.73

67.29

Seed Co Semi-Annual Data
	Mar09	Mar11	Sep11	Mar12	Sep12	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial										9.91	11.48	33.80	396.58	602.13

Competitive Comparison of Seed Co's Days Payable

For the Agricultural Inputs subindustry, Seed 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.

Seed Co's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Seed Co's Days Payable distribution charts can be found below:

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

Seed 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.

Seed 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
=	( (940.165	+	8351.952)	/	2 )	/	25200.404	*	365
=	4646.0585					/	25200.404	*	365
=	67.29

Seed Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8351.952	+	130880)	/	2 )	/	21100	*	365 / 2
=	69615.976					/	21100	*	365 / 2
=	602.13

Seed Co Days Payable Related Terms

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Seed Co (XZIM:SEED.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Seed Co Ltd (XZIM:SEED.ZW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shamwari Road, Stapleford, Westgate, P.O. Box WGT 64, Harare, ZWE

Website

https://www.seedcogroup.com

Seed Co Ltd is engaged in the business of processing agricultural seeds. The company is involved in the breeding, multiplication, and distribution of mainly hybrid seed varieties for crops such as maize, wheat, soya beans, sugar beans, cowpeas, sorghum, groundnuts, and vegetables. It generates maximum revenue from the maize crop.

Seed Co (XZIM:SEED.ZW) Headlines

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