TasFoods (ASX:TFL) Days Payable : 467.31 (As of Dec. 2023)

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What is TasFoods Days Payable?

TasFoods's average Accounts Payable for the six months ended in Dec. 2023 was A$10.73 Mil. TasFoods's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.19 Mil. Hence, TasFoods's Days Payable for the six months ended in Dec. 2023 was 467.31.

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

ASX:TFL' s Days Payable Range Over the Past 10 Years
Min: 78.87 Med: 83.77 Max: 621.22
Current: 152.11

During the past 13 years, TasFoods's highest Days Payable was 621.22. The lowest was 78.87. And the median was 83.77.

ASX:TFL's Days Payable is ranked better than
90.26% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs ASX:TFL: 152.11

TasFoods's Days Payable increased from Dec. 2022 (94.19) to Dec. 2023 (467.31). It may suggest that TasFoods delayed paying its suppliers.

TasFoods Days Payable Historical Data

The historical data trend for TasFoods'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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TasFoods Days Payable Chart

TasFoods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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81.99

80.24

83.77

93.48

146.84

TasFoods 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															75.62	92.87	94.19	95.98	467.31

Competitive Comparison of TasFoods's Days Payable

For the Packaged Foods subindustry, TasFoods'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.

TasFoods's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

TasFoods 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.

TasFoods'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
=	( (11.645	+	9.662)	/	2 )	/	26.481	*	365
=	10.6535					/	26.481	*	365
=	146.84

TasFoods'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
=	( (11.801	+	9.662)	/	2 )	/	4.191	*	365 / 2
=	10.7315					/	4.191	*	365 / 2
=	467.31

TasFoods Days Payable Related Terms

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TasFoods (ASX:TFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TasFoods Ltd (ASX:TFL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

52-54 Tamar Street, Launceston, TAS, AUS, 7250

Website

https://www.tasfoods.com.au

TasFoods Ltd is an Australian company that engages in the processing, manufacture, and sale of Tasmanian-made products. It operates through the following segments - The Dairy segment operates the Meander Valley Dairy, Betta milk, and Pyengana Dairy businesses; The Poultry segment focuses on the operations of Nichols Poultry Pty Ltd; The Corporate and Other segment comprises administrative support to the operational production units in the areas of financial management, human resources, sales, marketing, and food safety, and work health and safety. The firm generates maximum revenue from the Poultry segment.

TasFoods (ASX:TFL) Headlines

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