Axelum Resources (PHS:AXLM) Days Payable : 5.58 (As of Dec. 2023)

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What is Axelum Resources Days Payable?

Axelum Resources's average Accounts Payable for the three months ended in Dec. 2023 was ₱71 Mil. Axelum Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was ₱1,170 Mil. Hence, Axelum Resources's Days Payable for the three months ended in Dec. 2023 was 5.58.

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

PHS:AXLM' s Days Payable Range Over the Past 10 Years
Min: 4.71 Med: 17.12 Max: 22.65
Current: 6.28

During the past 9 years, Axelum Resources's highest Days Payable was 22.65. The lowest was 4.71. And the median was 17.12.

PHS:AXLM's Days Payable is ranked worse than
97.71% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs PHS:AXLM: 6.28

Axelum Resources's Days Payable declined from Dec. 2022 (16.63) to Dec. 2023 (5.58). It may suggest that Axelum Resources accelerated paying its suppliers.

Axelum Resources Days Payable Historical Data

The historical data trend for Axelum Resources'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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Axelum Resources Days Payable Chart

Axelum Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.44

21.82

17.12

13.92

12.72

Axelum Resources 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															16.63	9.42	2.39	1.72	5.58

Competitive Comparison of Axelum Resources's Days Payable

For the Packaged Foods subindustry, Axelum Resources'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.

Axelum Resources's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Axelum Resources 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.

Axelum Resources'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
=	( (198.956	+	129.334)	/	2 )	/	4708.674	*	365
=	164.145					/	4708.674	*	365
=	12.72

Axelum Resources'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
=	( (13.63	+	129.334)	/	2 )	/	1169.732	*	365 / 4
=	71.482					/	1169.732	*	365 / 4
=	5.58

Axelum Resources Days Payable Related Terms

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Axelum Resources (PHS:AXLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Axelum Resources Corp (PHS:AXLM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tiano-Montalvan Streets, ICS Building, Cagayan de Oro, MSR, PHL, 9000

Website

https://www.axelum.ph

Axelum Resources Corp is engaged in the manufacturing and distributing of high-quality coconut products which are mostly distributed to domestic and international food and beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service industries, and nutritional and personal care brands. The company's product segments are divided into coconut water, white meat (Desiccated coconut, Coconut milk powder, Coconut cream/milk, sweetened coconut), and by-products. Geographically, it derives a majority of its revenue from the Philippines and also has a presence in the United States of America and Australia.