Ceres Global Ag (Ceres Global Ag) Days Payable : 26.75 (As of Mar. 2024)

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What is Ceres Global Ag Days Payable?

Ceres Global Ag's average Accounts Payable for the three months ended in Mar. 2024 was $60.0 Mil. Ceres Global Ag's Cost of Goods Sold for the three months ended in Mar. 2024 was $204.5 Mil. Hence, Ceres Global Ag's Days Payable for the three months ended in Mar. 2024 was 26.75.

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

CERGF' s Days Payable Range Over the Past 10 Years
Min: 10.52 Med: 17.71 Max: 25.47
Current: 25.47

During the past 13 years, Ceres Global Ag's highest Days Payable was 25.47. The lowest was 10.52. And the median was 17.71.

CERGF's Days Payable is ranked worse than
81.97% of 305 companies
in the Retail - Defensive industry
Industry Median: 44.54 vs CERGF: 25.47

Ceres Global Ag's Days Payable increased from Mar. 2023 (21.96) to Mar. 2024 (26.75). It may suggest that Ceres Global Ag delayed paying its suppliers.

Ceres Global Ag Days Payable Historical Data

The historical data trend for Ceres Global Ag'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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Ceres Global Ag Days Payable Chart

Ceres Global Ag Annual Data

Trend

Mar14

Mar15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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17.47

20.44

20.08

17.19

17.63

Ceres Global Ag 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															21.96	23.13	29.23	25.39	26.75

Competitive Comparison of Ceres Global Ag's Days Payable

For the Food Distribution subindustry, Ceres Global Ag'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.

Ceres Global Ag's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ceres Global Ag's Days Payable distribution charts can be found below:

* The bar in red indicates where Ceres Global Ag's Days Payable falls into.

Ceres Global Ag 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.

Ceres Global Ag'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
=	( (53.197	+	44.743)	/	2 )	/	1013.938	*	365
=	48.97					/	1013.938	*	365
=	17.63

Ceres Global Ag'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
=	( (68.111	+	51.821)	/	2 )	/	204.549	*	365 / 4
=	59.966					/	204.549	*	365 / 4
=	26.75

Ceres Global Ag Days Payable Related Terms

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Ceres Global Ag (Ceres Global Ag) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ceres Global Ag Corp (OTCPK:CERGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CRP:Canada

Address

701 Xenia Avenue S., Suite 400, Golden Valley, MN, USA, 55416

Website

https://www.ceresglobalagcorp.com

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation's facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed and Processing segment is engaged in soybean crush, specialty crops blending, birdfeed production, and seed distribution in Western Canada.