Cakovecki Mlinovi DD (ZAG:CKML) Days Payable : 24.92 (As of Dec. 2023)

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What is Cakovecki Mlinovi DD Days Payable?

Cakovecki Mlinovi DD's average Accounts Payable for the three months ended in Dec. 2023 was €7.0 Mil. Cakovecki Mlinovi DD's Cost of Goods Sold for the three months ended in Dec. 2023 was €25.5 Mil. Hence, Cakovecki Mlinovi DD's Days Payable for the three months ended in Dec. 2023 was 24.92.

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

ZAG:CKML' s Days Payable Range Over the Past 10 Years
Min: 23.66 Med: 43.17 Max: 49.13
Current: 23.66

During the past 13 years, Cakovecki Mlinovi DD's highest Days Payable was 49.13. The lowest was 23.66. And the median was 43.17.

ZAG:CKML's Days Payable is ranked worse than
80.94% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 46.09 vs ZAG:CKML: 23.66

Cakovecki Mlinovi DD's Days Payable declined from Dec. 2022 (54.05) to Dec. 2023 (24.92). It may suggest that Cakovecki Mlinovi DD accelerated paying its suppliers.

Cakovecki Mlinovi DD Days Payable Historical Data

The historical data trend for Cakovecki Mlinovi DD'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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Cakovecki Mlinovi DD Days Payable Chart

Cakovecki Mlinovi DD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.56

44.44

40.83

36.44

32.35

Cakovecki Mlinovi DD 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															54.05	46.95	22.20	3.60	24.92

Competitive Comparison of Cakovecki Mlinovi DD's Days Payable

For the Packaged Foods subindustry, Cakovecki Mlinovi DD'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.

Cakovecki Mlinovi DD's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Cakovecki Mlinovi DD's Days Payable falls into.

Cakovecki Mlinovi DD 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.

Cakovecki Mlinovi DD'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
=	( (12.767	+	12.103)	/	2 )	/	140.302	*	365
=	12.435					/	140.302	*	365
=	32.35

Cakovecki Mlinovi DD'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
=	( (1.81	+	12.103)	/	2 )	/	25.468	*	365 / 4
=	6.9565					/	25.468	*	365 / 4
=	24.92

Cakovecki Mlinovi DD Days Payable Related Terms

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Cakovecki Mlinovi DD (ZAG:CKML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cakovecki Mlinovi DD (ZAG:CKML) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mlinska 1, Cakovec, HRV, 40000

Website

http://www.cak-mlinovi.hr

Cakovecki Mlinovi DD is engaged in production and trade of food products. The company's activity includes milling, bakery, and pumpkin oil production. Some of its products are frozen puff pastry, tea biscuits, steamed white bread, wheat white bread, mini pizza, chocolate croissant, walnut loaf cake, cheese cornbread, and others.

Cakovecki Mlinovi DD (ZAG:CKML) Headlines

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