Seeka (NZSE:SEK) Days Payable : 62.79 (As of Dec. 2023)

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What is Seeka Days Payable?

Seeka's average Accounts Payable for the six months ended in Dec. 2023 was NZ$30.3 Mil. Seeka's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$88.0 Mil. Hence, Seeka's Days Payable for the six months ended in Dec. 2023 was 62.79.

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

NZSE:SEK' s Days Payable Range Over the Past 10 Years
Min: 8.41 Med: 11.2 Max: 45.01
Current: 45.01

During the past 13 years, Seeka's highest Days Payable was 45.01. The lowest was 8.41. And the median was 11.20.

NZSE:SEK's Days Payable is ranked worse than
51.68% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 46.08 vs NZSE:SEK: 45.01

Seeka's Days Payable declined from Dec. 2022 (81.89) to Dec. 2023 (62.79). It may suggest that Seeka accelerated paying its suppliers.

Seeka Days Payable Historical Data

The historical data trend for Seeka'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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Seeka Days Payable Chart

Seeka Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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11.43

11.79

9.32

25.38

42.01

Seeka Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															86.06	28.73	81.89	37.79	62.79

Competitive Comparison of Seeka's Days Payable

For the Farm Products subindustry, Seeka'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.

Seeka's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Seeka 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.

Seeka'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
=	( (32.778	+	25.278)	/	2 )	/	252.194	*	365
=	29.028					/	252.194	*	365
=	42.01

Seeka'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (35.243	+	25.278)	/	2 )	/	87.95	*	365 / 2
=	30.2605					/	87.95	*	365 / 2
=	62.79

Seeka Days Payable Related Terms

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Seeka (NZSE:SEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seeka Ltd (NZSE:SEK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Young Road, PO Box 47, RD9, Paengaroa, Te Puke, BOP, NZL, 3153

Website

https://www.seeka.co.nz

Seeka Ltd is engaged in providing orcharding, post-harvest and retail services to New Zealand's produce industries. It handles products including avocados and kiwi berries, kiwifruit pollen, imported tropical fruits and local seasonal fruits and vegetables. The group has five operating segments: Orchard operations, Post-harvest operations, Retail service operations, All other segments and Australian operations. It generates maximum revenue from the Post harvest operations segment.

Seeka (NZSE:SEK) Headlines

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