Flour Mills Nigeria (NSA:FMNL) Days Payable : 49.29 (As of Mar. 2023)

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What is Flour Mills Nigeria Days Payable?

Flour Mills Nigeria's average Accounts Payable for the six months ended in Mar. 2023 was ₦183,990 Mil. Flour Mills Nigeria's Cost of Goods Sold for the six months ended in Mar. 2023 was ₦1,362,552 Mil. Hence, Flour Mills Nigeria's Days Payable for the six months ended in Mar. 2023 was 24.64.

The historical rank and industry rank for Flour Mills Nigeria's Days Payable or its related term are showing as below:

NSA:FMNL' s Days Payable Range Over the Past 10 Years
Min: 39.08 Med: 49.55 Max: 84.73
Current: 49.29

During the past 13 years, Flour Mills Nigeria's highest Days Payable was 84.73. The lowest was 39.08. And the median was 49.55.

NSA:FMNL's Days Payable is ranked better than
53.83% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 46.09 vs NSA:FMNL: 49.29

Flour Mills Nigeria's Days Payable increased from Mar. 2021 (39.26) to Mar. 2023 (49.29). It may suggest that Flour Mills Nigeria delayed paying its suppliers.

Flour Mills Nigeria Days Payable Historical Data

The historical data trend for Flour Mills Nigeria'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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Flour Mills Nigeria Days Payable Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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43.22

46.68

39.26

39.08

49.29

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Days Payable	Get a 7-Day Free Trial								43.22	46.68	39.26	39.08	49.29

Competitive Comparison of Flour Mills Nigeria's Days Payable

For the Packaged Foods subindustry, Flour Mills Nigeria'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.

Flour Mills Nigeria's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Flour Mills Nigeria's Days Payable falls into.

Flour Mills Nigeria 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.

Flour Mills Nigeria's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (147297.679	+	220681.718)	/	2 )	/	1362551.941	*	365
=	183989.6985					/	1362551.941	*	365
=	49.29

Flour Mills Nigeria's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (147297.679	+	220681.718)	/	2 )	/	1362551.941	*	365 / 2
=	183989.6985					/	1362551.941	*	365 / 2
=	24.64

Flour Mills Nigeria Days Payable Related Terms

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Flour Mills Nigeria (NSA:FMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flour Mills Nigeria PLC (NSA:FMNL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA

Website

https://www.fmnplc.com

Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

Flour Mills Nigeria (NSA:FMNL) Headlines

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