HKFoods (OHEL:HKFOODS) Days Payable : 32.43 (As of Mar. 2024)

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What is HKFoods Days Payable?

HKFoods's average Accounts Payable for the three months ended in Mar. 2024 was €76.4 Mil. HKFoods's Cost of Goods Sold for the three months ended in Mar. 2024 was €215.0 Mil. Hence, HKFoods's Days Payable for the three months ended in Mar. 2024 was 32.43.

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

OHEL:HKFOODS' s Days Payable Range Over the Past 10 Years
Min: 29.2 Med: 41.12 Max: 67.49
Current: 67.42

During the past 13 years, HKFoods's highest Days Payable was 67.49. The lowest was 29.20. And the median was 41.12.

OHEL:HKFOODS's Days Payable is ranked better than
69.24% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 46.07 vs OHEL:HKFOODS: 67.42

HKFoods's Days Payable declined from Mar. 2023 (61.53) to Mar. 2024 (32.43). It may suggest that HKFoods accelerated paying its suppliers.

HKFoods Days Payable Historical Data

The historical data trend for HKFoods'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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HKFoods Days Payable Chart

HKFoods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.92

36.89

42.32

67.49

48.95

HKFoods 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															61.53	-	-	-	32.43

Competitive Comparison of HKFoods's Days Payable

For the Packaged Foods subindustry, HKFoods'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.

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

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

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

HKFoods 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.

HKFoods'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
=	( (138.3	+	76.4)	/	2 )	/	800.4	*	365
=	107.35					/	800.4	*	365
=	48.95

HKFoods'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
=	( (76.4	+	0)	/	1 )	/	215	*	365 / 4
=	76.4					/	215	*	365 / 4
=	32.43

HKFoods Days Payable Related Terms

Thank you for viewing the detailed overview of HKFoods's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

HKFoods (OHEL:HKFOODS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HKFoods PLC (OHEL:HKFOODS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lemminkaisenkatu 48, P.O. Box 50, Turku, FIN, FI-20520

Website

https://www.hkscan.com

HKScan Oyj is a Nordic food company. It sells, markets, and pork, beef, poultry, lamb products, processed meats, and convenient foods. Geographically, the company has its presence in Finland, Sweden, Baltics and Denmark. It generates the majority of its sales from Finland. The company's brands include HK, Kariniemen, Via, Scan, Parsons and Rose.

HKFoods (OHEL:HKFOODS) Headlines

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