AB Akola Group (OVSE:AKO1L) Days Payable : 49.25 (As of Mar. 2024)

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What is AB Akola Group Days Payable?

AB Akola Group's average Accounts Payable for the three months ended in Mar. 2024 was €183 Mil. AB Akola Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €339 Mil. Hence, AB Akola Group's Days Payable for the three months ended in Mar. 2024 was 49.25.

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

OVSE:AKO1L' s Days Payable Range Over the Past 10 Years
Min: 20.25 Med: 24.04 Max: 47.78
Current: 47.78

During the past 13 years, AB Akola Group's highest Days Payable was 47.78. The lowest was 20.25. And the median was 24.04.

OVSE:AKO1L's Days Payable is ranked better than
51.7% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 46.09 vs OVSE:AKO1L: 47.78

AB Akola Group's Days Payable increased from Mar. 2023 (47.51) to Mar. 2024 (49.25). It may suggest that AB Akola Group delayed paying its suppliers.

AB Akola Group Days Payable Historical Data

The historical data trend for AB Akola Group'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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AB Akola Group Days Payable Chart

AB Akola Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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20.80

25.45

21.87

28.80

39.64

AB Akola Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															47.51	37.99	54.19	61.68	49.25

Competitive Comparison of AB Akola Group's Days Payable

For the Farm Products subindustry, AB Akola Group'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.

AB Akola Group's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where AB Akola Group's Days Payable falls into.

AB Akola Group 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.

AB Akola Group's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (205.687	+	198.631)	/	2 )	/	1861.648	*	365
=	202.159					/	1861.648	*	365
=	39.64

AB Akola Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (175.134	+	190.717)	/	2 )	/	338.956	*	365 / 4
=	182.9255					/	338.956	*	365 / 4
=	49.25

AB Akola Group Days Payable Related Terms

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AB Akola Group (OVSE:AKO1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AB Akola Group (OVSE:AKO1L) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

YG4:Germany

Address

Subacius Street 5, Vilnius, LTU, LT-01302

Website

https://www.linasagrogroup.lt

AB Akola Group formerly Linas Agro Group AB is an agribusiness company. The business activities of the group are divided into five operating segments namely Grain, oilseed and feed, Products and Services for Farming, Agricultural Production, Food products and others. Its products include grain, oilseed, raw feedstuffs, milk, poultry, and other products and services. The company earns maximum revenue from Grain, oilseed and feed segment. The company Geographically operates in Lithuani, Europe, Scandinavian countries, Africa, Asia, CIS and other.

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