Ginegar Plastic Products (XTAE:GNGR) Days Payable : 112.31 (As of Dec. 2023)

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What is Ginegar Plastic Products Days Payable?

Ginegar Plastic Products's average Accounts Payable for the three months ended in Dec. 2023 was ₪140.6 Mil. Ginegar Plastic Products's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪114.2 Mil. Hence, Ginegar Plastic Products's Days Payable for the three months ended in Dec. 2023 was 112.31.

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

XTAE:GNGR' s Days Payable Range Over the Past 10 Years
Min: 98.62 Med: 113.73 Max: 129.25
Current: 100

During the past 11 years, Ginegar Plastic Products's highest Days Payable was 129.25. The lowest was 98.62. And the median was 113.73.

XTAE:GNGR's Days Payable is ranked better than
76.69% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs XTAE:GNGR: 100.00

Ginegar Plastic Products's Days Payable increased from Dec. 2022 (101.79) to Dec. 2023 (112.31). It may suggest that Ginegar Plastic Products delayed paying its suppliers.

Ginegar Plastic Products Days Payable Historical Data

The historical data trend for Ginegar Plastic Products'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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Ginegar Plastic Products Days Payable Chart

Ginegar Plastic Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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103.28

100.78

112.75

100.68

98.62

Ginegar Plastic Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															101.79	103.45	93.12	94.94	112.31

Competitive Comparison of Ginegar Plastic Products's Days Payable

For the Textile Manufacturing subindustry, Ginegar Plastic Products'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.

Ginegar Plastic Products's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ginegar Plastic Products's Days Payable distribution charts can be found below:

* The bar in red indicates where Ginegar Plastic Products's Days Payable falls into.

Ginegar Plastic Products 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.

Ginegar Plastic Products'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
=	( (115.363	+	153.196)	/	2 )	/	496.954	*	365
=	134.2795					/	496.954	*	365
=	98.62

Ginegar Plastic Products'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
=	( (127.955	+	153.196)	/	2 )	/	114.22	*	365 / 4
=	140.5755					/	114.22	*	365 / 4
=	112.31

Ginegar Plastic Products Days Payable Related Terms

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Ginegar Plastic Products (XTAE:GNGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ginegar Plastic Products Ltd (XTAE:GNGR) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Kibbutz Ginegar, Ginegar, ISR, 30053

Website

http://www.ginegar.com

Ginegar Plastic Products Ltd is a manufacturer of smart covers solutions for agriculture and horticulture applications. It develops and produces greenhouses cover films and mulch films for open field cultivation. The company's products include Sun Selector, Mulch More, Ozgard, Superseal and five Layer Technology.

Ginegar Plastic Products (XTAE:GNGR) Headlines

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