Sovos Brands (Sovos Brands) Days Payable : 39.52 (As of Dec. 2023)

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What is Sovos Brands Days Payable?

Sovos Brands's average Accounts Payable for the three months ended in Dec. 2023 was $89 Mil. Sovos Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was $205 Mil. Hence, Sovos Brands's Days Payable for the three months ended in Dec. 2023 was 39.52.

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

SOVO' s Days Payable Range Over the Past 10 Years
Min: 41.02 Med: 45.13 Max: 50.55
Current: 42.32

During the past 5 years, Sovos Brands's highest Days Payable was 50.55. The lowest was 41.02. And the median was 45.13.

SOVO's Days Payable is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 45.66 vs SOVO: 42.32

Sovos Brands's Days Payable increased from Dec. 2022 (39.36) to Dec. 2023 (39.52). It may suggest that Sovos Brands delayed paying its suppliers.

Sovos Brands Days Payable Historical Data

The historical data trend for Sovos Brands'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.

* Premium members only.

Sovos Brands Days Payable Chart

Sovos Brands Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

50.55

45.13

41.95

41.02

45.35

Sovos Brands Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											39.36	41.96	48.35	37.99	39.52

Competitive Comparison of Sovos Brands's Days Payable

For the Packaged Foods subindustry, Sovos Brands'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.

Sovos Brands's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Sovos Brands 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.

Sovos Brands'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
=	( (81.601	+	96.041)	/	2 )	/	714.935	*	365
=	88.821					/	714.935	*	365
=	45.35

Sovos Brands'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
=	( (81.144	+	96.041)	/	2 )	/	204.577	*	365 / 4
=	88.5925					/	204.577	*	365 / 4
=	39.52

Sovos Brands Days Payable Related Terms

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Sovos Brands (Sovos Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sovos Brands Inc (NAS:SOVO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Centennial Parkway, Suite 200, Louisville, CO, USA, 80027

Website

https://www.sovosbrands.com

Sovos Brands Inc is a food company in the United States. Its brands are Rao's, noosa, Birch Benders, and Michael Angelo's. Its Rao's products include our Rao's Homemade pasta sauces (including tomato-based sauces, Alfredo sauces, and Pesto sauces), pizza sauces, and dry pasta; Rao's Homestyle meat-based pasta sauces; and Rao's Made for Home frozen entrees and soups.

Executives

Todd R Lachman	director, officer: President and CEO
Isobel A Jones	officer: CLO, GC and Secretary	C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111
Christopher W. Hall	officer: Chief Financial Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Katie Gvazdinskas	officer: Chief Human Resources Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Kirk A. Jensen	officer: Chief Supply Chain Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Risa Cretella	officer: Executive Vice President	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Lisa Y. O'driscoll	officer: Chief Administrative Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Yuri Hermida	officer: Chief Growth Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Advent International Gp, Llc	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent International Corp/ma	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Jefferson M Case	director	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Neha Mathur	director	C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Robert L Graves	director	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Wendy K. Behr	officer: Chief R&D Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Priscilla Tuan	officer: Chief Marketing Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027