Bega Cheese (ASX:BGA) Days Payable : 54.72 (As of Dec. 2023)

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What is Bega Cheese Days Payable?

Bega Cheese's average Accounts Payable for the six months ended in Dec. 2023 was A$413 Mil. Bega Cheese's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1,379 Mil. Hence, Bega Cheese's Days Payable for the six months ended in Dec. 2023 was 54.72.

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

ASX:BGA' s Days Payable Range Over the Past 10 Years
Min: 38.1 Med: 48.46 Max: 59.61
Current: 59.61

During the past 12 years, Bega Cheese's highest Days Payable was 59.61. The lowest was 38.10. And the median was 48.46.

ASX:BGA's Days Payable is ranked better than
64.15% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.835 vs ASX:BGA: 59.61

Bega Cheese's Days Payable declined from Dec. 2022 (55.15) to Dec. 2023 (54.72). It may suggest that Bega Cheese accelerated paying its suppliers.

Bega Cheese Days Payable Historical Data

The historical data trend for Bega Cheese'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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Bega Cheese Days Payable Chart

Bega Cheese Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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59.41

58.82

58.71

45.81

38.10

Bega Cheese Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															58.83	53.28	55.15	54.48	54.72

Competitive Comparison of Bega Cheese's Days Payable

For the Packaged Foods subindustry, Bega Cheese'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.

Bega Cheese's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Bega Cheese 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.

Bega Cheese's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (267	+	300.7)	/	2 )	/	2719.6	*	365
=	283.85					/	2719.6	*	365
=	38.10

Bega Cheese'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
=	( (300.7	+	526.1)	/	2 )	/	1378.8	*	365 / 2
=	413.4					/	1378.8	*	365 / 2
=	54.72

Bega Cheese Days Payable Related Terms

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Bega Cheese (ASX:BGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bega Cheese Ltd (ASX:BGA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

B6G:Germany

Address

23 Ridge Street, Bega, NSW, AUS, 2550

Website

https://www.begacheese.com.au

Bega Group is an Australia-based dairy processor and food manufacturer of well-known brands including Bega Cheese and Vegemite. Bega operates two segments: the branded segment which produces consumer packaged goods primarily sold through the supermarket and foodservice channels and the bulk segment which produces commodity dairy ingredients primarily sold through the business-to-business channel.

Bega Cheese (ASX:BGA) Headlines

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