Adama (SZSE:000553) Days Payable : 85.13 (As of Mar. 2024)

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What is Adama Days Payable?

Adama's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,307 Mil. Adama's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,688 Mil. Hence, Adama's Days Payable for the three months ended in Mar. 2024 was 85.13.

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

SZSE:000553' s Days Payable Range Over the Past 10 Years
Min: 35.62 Med: 92.56 Max: 100.62
Current: 84.62

During the past 13 years, Adama's highest Days Payable was 100.62. The lowest was 35.62. And the median was 92.56.

SZSE:000553's Days Payable is ranked better than
52.99% of 234 companies
in the Agriculture industry
Industry Median: 78.955 vs SZSE:000553: 84.62

Adama's Days Payable declined from Mar. 2023 (109.45) to Mar. 2024 (85.13). It may suggest that Adama accelerated paying its suppliers.

Adama Days Payable Historical Data

The historical data trend for Adama'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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Adama Days Payable Chart

Adama Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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93.80

85.97

91.31

100.62

97.66

Adama 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															109.45	88.88	87.39	72.88	85.13

Competitive Comparison of Adama's Days Payable

For the Agricultural Inputs subindustry, Adama'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.

Adama's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Adama's Days Payable distribution charts can be found below:

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

Adama 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.

Adama'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
=	( (8642.044	+	5263.24)	/	2 )	/	25984.108	*	365
=	6952.642					/	25984.108	*	365
=	97.66

Adama'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
=	( (5263.24	+	5350.348)	/	2 )	/	5688.352	*	365 / 4
=	5306.794					/	5688.352	*	365 / 4
=	85.13

Adama Days Payable Related Terms

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Adama (SZSE:000553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Adama Ltd (SZSE:000553) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

200553:China

Address

No. 93, East Beijing Road, Hubei, Jingzhou, CHN, 434001

Website

https://www.adama.com

Adama Ltd produces farm chemicals for crop protection. It operates in two segments: Crop Protection and Intermediates & ingredients. The Crop Protection segment includes the manufacture and marketing of conventional agrochemical products and operations in the seeds sector. The intermediates & ingredients segment includes a large number of sub-fields, including Lycopan (an oxidization retardant), aromatic products, and other chemicals. The firm generates the vast majority of its revenue from the Crop Protection segment. Its geographical segments are Europe; Latin America; North America; Africa, Middle East, and India; and the Asia Pacific.

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