Ag Growth International (FRA:7AG) Days Payable : 77.53 (As of Mar. 2024)

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What is Ag Growth International Days Payable?

Ag Growth International's average Accounts Payable for the three months ended in Mar. 2024 was €123 Mil. Ag Growth International's Cost of Goods Sold for the three months ended in Mar. 2024 was €145 Mil. Hence, Ag Growth International's Days Payable for the three months ended in Mar. 2024 was 77.53.

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

FRA:7AG' s Days Payable Range Over the Past 10 Years
Min: 18.88 Med: 37.02 Max: 75.72
Current: 75.72

During the past 13 years, Ag Growth International's highest Days Payable was 75.72. The lowest was 18.88. And the median was 37.02.

FRA:7AG's Days Payable is ranked better than
52.2% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.32 vs FRA:7AG: 75.72

Ag Growth International's Days Payable increased from Mar. 2023 (64.95) to Mar. 2024 (77.53). It may suggest that Ag Growth International delayed paying its suppliers.

Ag Growth International Days Payable Historical Data

The historical data trend for Ag Growth International'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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Ag Growth International Days Payable Chart

Ag Growth International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.88

33.44

37.59

39.25

42.81

Ag Growth International 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															64.95	73.25	79.11	67.28	77.53

Competitive Comparison of Ag Growth International's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Ag Growth International'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.

Ag Growth International's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ag Growth International's Days Payable distribution charts can be found below:

* The bar in red indicates where Ag Growth International's Days Payable falls into.

Ag Growth International 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.

Ag Growth International'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
=	( (81.8	+	86.16)	/	2 )	/	716.007	*	365
=	83.98					/	716.007	*	365
=	42.81

Ag Growth International'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
=	( (86.16	+	160.401)	/	2 )	/	145.096	*	365 / 4
=	123.2805					/	145.096	*	365 / 4
=	77.53

Ag Growth International Days Payable Related Terms

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Ag Growth International (FRA:7AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ag Growth International Inc (FRA:7AG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AGGZF:USA AFN:Canada

Address

198 Commerce Drive, Winnipeg, MB, CAN, R3P 0Z6

Website

https://www.aggrowth.com

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. It has two reportable segment farm and commercial. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision. It has manufacturing facilities in Canada, the United States, Italy, Brazil, France, United Kingdom, and India. Its geographical segments are Canada, United States, and the International.

Ag Growth International (FRA:7AG) Headlines

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