Obour Land For Food Industries (CAI:OLFI) Days Payable : 26.34 (As of Dec. 2023)

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What is Obour Land For Food Industries Days Payable?

Obour Land For Food Industries's average Accounts Payable for the three months ended in Dec. 2023 was E£337 Mil. Obour Land For Food Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was E£1,168 Mil. Hence, Obour Land For Food Industries's Days Payable for the three months ended in Dec. 2023 was 26.34.

The historical rank and industry rank for Obour Land For Food Industries's Days Payable or its related term are showing as below:

CAI:OLFI' s Days Payable Range Over the Past 10 Years
Min: 6.62 Med: 14.66 Max: 68.62
Current: 35.63

During the past 9 years, Obour Land For Food Industries's highest Days Payable was 68.62. The lowest was 6.62. And the median was 14.66.

CAI:OLFI's Days Payable is ranked worse than
63.92% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 46.07 vs CAI:OLFI: 35.63

Obour Land For Food Industries's Days Payable declined from Dec. 2022 (54.80) to Dec. 2023 (26.34). It may suggest that Obour Land For Food Industries accelerated paying its suppliers.

Obour Land For Food Industries Days Payable Historical Data

The historical data trend for Obour Land For Food Industries'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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Obour Land For Food Industries Days Payable Chart

Obour Land For Food Industries Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

14.24

14.66

68.62

32.44

Obour Land For Food Industries 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															54.80	51.46	44.36	27.47	26.34

Competitive Comparison of Obour Land For Food Industries's Days Payable

For the Packaged Foods subindustry, Obour Land For Food Industries'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.

Obour Land For Food Industries's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Obour Land For Food Industries's Days Payable falls into.

Obour Land For Food Industries 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.

Obour Land For Food Industries'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
=	( (680.619	+	244.195)	/	2 )	/	5203.523	*	365
=	462.407					/	5203.523	*	365
=	32.44

Obour Land For Food Industries'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
=	( (430.23	+	244.195)	/	2 )	/	1168.037	*	365 / 4
=	337.2125					/	1168.037	*	365 / 4
=	26.34

Obour Land For Food Industries Days Payable Related Terms

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Obour Land For Food Industries (CAI:OLFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Obour Land For Food Industries (CAI:OLFI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1st Industrial Zone, Block 12/13/14/15/16, Obour City, EGY, 13012

Website

http://www.obourland.com

Obour Land For Food Industries is a food manufacturing company. It is engaged in the production, processing and packaging of dairy products including packing & pasteurization of liquid dairies, cream, natural butter and all white cheese.

Obour Land For Food Industries (CAI:OLFI) Headlines

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