African Agriculture Holdings (African Agriculture Holdings) Days Payable : 1,539.78 (As of Sep. 2023)

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What is African Agriculture Holdings Days Payable?

African Agriculture Holdings's average Accounts Payable for the three months ended in Sep. 2023 was $6.11 Mil. African Agriculture Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.36 Mil. Hence, African Agriculture Holdings's Days Payable for the three months ended in Sep. 2023 was 1,539.78.

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

AAGR' s Days Payable Range Over the Past 10 Years
Min: 1311.25 Med: 1658.64 Max: 2284.88
Current: 2284.88

During the past 3 years, African Agriculture Holdings's highest Days Payable was 2284.88. The lowest was 1311.25. And the median was 1658.64.

AAGR's Days Payable is ranked better than
99.05% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs AAGR: 2284.88

African Agriculture Holdings's Days Payable increased from Jun. 2022 (0.00) to Sep. 2023 (1,539.78). It may suggest that African Agriculture Holdings delayed paying its suppliers.

African Agriculture Holdings Days Payable Historical Data

The historical data trend for African Agriculture Holdings'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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African Agriculture Holdings Days Payable Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

1,311.25

2,006.02

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	1,618.95	1,255.97	1,539.78	-

Competitive Comparison of African Agriculture Holdings's Days Payable

For the Farm Products subindustry, African Agriculture Holdings'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.

African Agriculture Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where African Agriculture Holdings's Days Payable falls into.

African Agriculture Holdings 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.

African Agriculture Holdings'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
=	( (4.703	+	10.224)	/	2 )	/	1.358	*	365
=	7.4635					/	1.358	*	365
=	2,006.02

African Agriculture Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (5.665	+	6.552)	/	2 )	/	0.362	*	365 / 4
=	6.1085					/	0.362	*	365 / 4
=	1,539.78

African Agriculture Holdings Days Payable Related Terms

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African Agriculture Holdings (African Agriculture Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » African Agriculture Holdings Inc (NAS:AAGR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.