ACI Formulations (DHA:ACIFORMULA) Days Payable : 13.32 (As of Dec. 2023)

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What is ACI Formulations Days Payable?

ACI Formulations's average Accounts Payable for the three months ended in Dec. 2023 was BDT142 Mil. ACI Formulations's Cost of Goods Sold for the three months ended in Dec. 2023 was BDT970 Mil. Hence, ACI Formulations's Days Payable for the three months ended in Dec. 2023 was 13.32.

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

DHA:ACIFORMULA' s Days Payable Range Over the Past 10 Years
Min: 9.36 Med: 12.58 Max: 17.04
Current: 16.37

During the past 13 years, ACI Formulations's highest Days Payable was 17.04. The lowest was 9.36. And the median was 12.58.

DHA:ACIFORMULA's Days Payable is ranked worse than
91.49% of 235 companies
in the Agriculture industry
Industry Median: 78.87 vs DHA:ACIFORMULA: 16.37

ACI Formulations's Days Payable declined from Dec. 2022 (23.33) to Dec. 2023 (13.32). It may suggest that ACI Formulations accelerated paying its suppliers.

ACI Formulations Days Payable Historical Data

The historical data trend for ACI Formulations'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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ACI Formulations Days Payable Chart

ACI Formulations Annual Data

Trend

Dec13

Dec14

Dec15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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17.04

ACI Formulations 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															23.33	18.09	15.34	12.00	13.32

Competitive Comparison of ACI Formulations's Days Payable

For the Agricultural Inputs subindustry, ACI Formulations'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.

ACI Formulations's Days Payable Distribution in the Agriculture Industry

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

* The bar in red indicates where ACI Formulations's Days Payable falls into.

ACI Formulations 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.

ACI Formulations'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
=	( (0	+	0)	/	1 )	/	3642.873	*	365
=	0					/	3642.873	*	365
=	0.00

ACI Formulations'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
=	( (138.668	+	144.466)	/	2 )	/	969.878	*	365 / 4
=	141.567					/	969.878	*	365 / 4
=	13.32

ACI Formulations Days Payable Related Terms

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ACI Formulations (DHA:ACIFORMULA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » ACI Formulations Ltd (DHA:ACIFORMULA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

ACI Centre, 245, Tejgaon Industrial Area, Dhaka, BGD, 1208

Website

https://www.aci-bd.com

ACI Formulations Ltd is an agricultural chemicals manufacturer. The principal activities of the company are manufacturing and marketing a number of agrochemical and consumer products. The company has structured its operations into the following business segments - Crop Care and Public Health segment, which manufactures and sell crop care and public health products; Mosquito Coil segment is engaged in the manufacturing and selling of mosquito coil products; the Aerosol segment is engaged in the manufacturing and selling aerosol and air freshener products; and Paint segment which manufactures and sells paint products. It derives key revenue from the Crop Care and Public Health segment.

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