Rare Foods Australia (ASX:RFA) Days Payable : 38.17 (As of Dec. 2023)

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What is Rare Foods Australia Days Payable?

Rare Foods Australia's average Accounts Payable for the six months ended in Dec. 2023 was A$0.60 Mil. Rare Foods Australia's Cost of Goods Sold for the six months ended in Dec. 2023 was A$2.85 Mil. Hence, Rare Foods Australia's Days Payable for the six months ended in Dec. 2023 was 38.17.

The historical rank and industry rank for Rare Foods Australia's Days Payable or its related term are showing as below:

ASX:RFA' s Days Payable Range Over the Past 10 Years
Min: 19.07 Med: 91.67 Max: 1153.52
Current: 69.71

During the past 6 years, Rare Foods Australia's highest Days Payable was 1153.52. The lowest was 19.07. And the median was 91.67.

ASX:RFA's Days Payable is ranked better than
70.46% of 1784 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs ASX:RFA: 69.71

Rare Foods Australia's Days Payable declined from Dec. 2022 (133.77) to Dec. 2023 (38.17). It may suggest that Rare Foods Australia accelerated paying its suppliers.

Rare Foods Australia Days Payable Historical Data

The historical data trend for Rare Foods Australia'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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Rare Foods Australia Days Payable Chart

Rare Foods Australia Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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19.07

46.44

338.26

91.67

Rare Foods Australia Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								-	100.54	133.77	142.67	38.17

Competitive Comparison of Rare Foods Australia's Days Payable

For the Farm Products subindustry, Rare Foods Australia'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.

Rare Foods Australia's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Rare Foods Australia's Days Payable falls into.

Rare Foods Australia 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.

Rare Foods Australia'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
=	( (0.473	+	0.511)	/	2 )	/	1.959	*	365
=	0.492					/	1.959	*	365
=	91.67

Rare Foods Australia'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
=	( (0.511	+	0.679)	/	2 )	/	2.845	*	365 / 2
=	0.595					/	2.845	*	365 / 2
=	38.17

Rare Foods Australia Days Payable Related Terms

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Rare Foods Australia (ASX:RFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rare Foods Australia Ltd (ASX:RFA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Leeuwin Road, Lot 331 Augusta Boat Harbour, Augusta, WA, AUS, 6290

Website

https://www.rarefoodsaustralia.com.au

Rare Foods Australia Ltd is a commercial greenlip abalone sea ranching business in the waters of Flinders Bay, West Australia. Its products include Live Greenlip Abalone, Whole in Shell, Individual Quick Frozen, Gift Packs, Canned, Natural & Polished Shells. The group operates only in Australia.

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