Forafric Global (Forafric Global) Days Payable : 71.44 (As of Dec. 2023)

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What is Forafric Global Days Payable?

Forafric Global's average Accounts Payable for the six months ended in Dec. 2023 was $55.9 Mil. Forafric Global's Cost of Goods Sold for the six months ended in Dec. 2023 was $142.9 Mil. Hence, Forafric Global's Days Payable for the six months ended in Dec. 2023 was 71.44.

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

AFRI' s Days Payable Range Over the Past 10 Years
Min: 30.01 Med: 34.99 Max: 61.6
Current: 61.6

During the past 5 years, Forafric Global's highest Days Payable was 61.60. The lowest was 30.01. And the median was 34.99.

AFRI's Days Payable is ranked better than
66.05% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs AFRI: 61.60

Forafric Global's Days Payable increased from Dec. 2022 (47.86) to Dec. 2023 (71.44). It may suggest that Forafric Global delayed paying its suppliers.

Forafric Global Days Payable Historical Data

The historical data trend for Forafric Global'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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Forafric Global Days Payable Chart

Forafric Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

30.01

32.48

37.49

48.97

Forafric Global Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			41.77	40.52	47.86	64.11	71.44

Competitive Comparison of Forafric Global's Days Payable

For the Farm Products subindustry, Forafric Global'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.

Forafric Global's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Forafric Global 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.

Forafric Global'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
=	( (27.295	+	46.461)	/	2 )	/	274.878	*	365
=	36.878					/	274.878	*	365
=	48.97

Forafric Global'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (65.426	+	46.461)	/	2 )	/	142.909	*	365 / 2
=	55.9435					/	142.909	*	365 / 2
=	71.44

Forafric Global Days Payable Related Terms

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Forafric Global (Forafric Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forafric Global PLC (NAS:AFRI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustapha Jamaleddine, Unit 5.3, Madison Building, Midtown, Queensway, GIB, GX11 1AA

Website

https://www.forafric.com

Forafric Global PLC is engaged in production and sale of a variety of wheat flours, Semolina and Pasta and Couscous in Morocco and in more than 45 countries. The two main brands in Morocco are MAYMOUNA and TRIA. The company derives majority of its revenue from Soft wheat.

Executives

Paul Packer	director, 10 percent owner, officer: CEO; CFO; Secretary	C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Michael Ferguson	director	525 EXECUTIVE BOULEVARD, ELMSFORD NY 10523
John M Horne	director	P.O. BOX 547, JOHNSON AR 72741
Claude Benitah	director	NITSANA, 9, TEL-AVIV-YAFO L3 6811709
Globis Spac Llc	10 percent owner	805 3RD AVENUE, 15TH FLOOR, NEW YORK NY 10022

Forafric Global (Forafric Global) Headlines

From GuruFocus

Forafric Provides Business Update

By Business Wire • 12-13-2023

Forafric Achieves Record High Crushing Volume During First Half of 2022

By Business Wire Business Wire • 08-04-2022

Forafric Acquires SIMS mill in Marrakesh Increasing Crushing Capacity to More Than 300 Tons per Day

By Business Wire • 07-31-2023

Forafric, a Leading African Agribusiness, Teams with Alapala to Nearly Double Wheat and Durum Processing Capacity

By Business Wire Business Wire • 06-14-2022