Apetit Oyj (OHEL:APETIT) Days Payable : 38.51 (As of Dec. 2023)

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What is Apetit Oyj Days Payable?

Apetit Oyj's average Accounts Payable for the six months ended in Dec. 2023 was €11.1 Mil. Apetit Oyj's Cost of Goods Sold for the six months ended in Dec. 2023 was €52.6 Mil. Hence, Apetit Oyj's Days Payable for the six months ended in Dec. 2023 was 38.51.

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

OHEL:APETIT' s Days Payable Range Over the Past 10 Years
Min: 25.11 Med: 37.35 Max: 69.2
Current: 30.87

During the past 13 years, Apetit Oyj's highest Days Payable was 69.20. The lowest was 25.11. And the median was 37.35.

OHEL:APETIT's Days Payable is ranked worse than
70.19% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs OHEL:APETIT: 30.87

Apetit Oyj's Days Payable increased from Dec. 2022 (33.49) to Dec. 2023 (38.51). It may suggest that Apetit Oyj delayed paying its suppliers.

Apetit Oyj Days Payable Historical Data

The historical data trend for Apetit Oyj'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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Apetit Oyj Days Payable Chart

Apetit Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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37.09

34.18

69.20

40.54

25.11

Apetit Oyj 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															68.73	47.34	33.49	30.11	38.51

Competitive Comparison of Apetit Oyj's Days Payable

For the Packaged Foods subindustry, Apetit Oyj'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.

Apetit Oyj's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Apetit Oyj 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.

Apetit Oyj'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
=	( (8.6	+	8.1)	/	2 )	/	121.4	*	365
=	8.35					/	121.4	*	365
=	25.11

Apetit Oyj'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
=	( (14.1	+	8.1)	/	2 )	/	52.6	*	365 / 2
=	11.1					/	52.6	*	365 / 2
=	38.51

Apetit Oyj Days Payable Related Terms

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Apetit Oyj (OHEL:APETIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Apetit Oyj (OHEL:APETIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sornaistenkatu 1A, Helsinki, FIN, 00580

Website

https://www.apetit.fi

Apetit Oyj is a food company. The company's operating segment includes Food Solutions and Oilseeds Products. It generates maximum revenue from the Oilseeds Products segment. The Oilseed Products segment sells vegetable oils and expellers. Geographically, it derives a majority of its revenue from Finland and also has a presence in Norway; Germany; Sweden and Other countries.

Apetit Oyj (OHEL:APETIT) Headlines

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