Horizon Foods Co (SAU:9564) Days Payable : 26.80 (As of Dec. 2023)

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What is Horizon Foods Co Days Payable?

Horizon Foods Co's average Accounts Payable for the six months ended in Dec. 2023 was ﷼2.97 Mil. Horizon Foods Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼20.19 Mil. Hence, Horizon Foods Co's Days Payable for the six months ended in Dec. 2023 was 26.80.

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

SAU:9564' s Days Payable Range Over the Past 10 Years
Min: 15.21 Med: 21 Max: 26.79
Current: 24.88

During the past 2 years, Horizon Foods Co's highest Days Payable was 26.79. The lowest was 15.21. And the median was 21.00.

SAU:9564's Days Payable is ranked worse than
79.7% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs SAU:9564: 24.88

Horizon Foods Co's Days Payable increased from Dec. 2022 (17.74) to Dec. 2023 (26.80). It may suggest that Horizon Foods Co delayed paying its suppliers.

Horizon Foods Co Days Payable Historical Data

The historical data trend for Horizon Foods Co'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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Horizon Foods Co Days Payable Chart

Horizon Foods Co Annual Data

Trend

Dec22

Dec23

Days Payable

15.21

26.79

Horizon Foods Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Days Payable	-	17.74	20.79	26.80

Competitive Comparison of Horizon Foods Co's Days Payable

For the Packaged Foods subindustry, Horizon Foods Co'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.

Horizon Foods Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Horizon Foods Co's Days Payable falls into.

Horizon Foods Co 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.

Horizon Foods Co'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
=	( (1.973	+	3.699)	/	2 )	/	38.641	*	365
=	2.836					/	38.641	*	365
=	26.79

Horizon Foods Co'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
=	( (2.231	+	3.699)	/	2 )	/	20.192	*	365 / 2
=	2.965					/	20.192	*	365 / 2
=	26.80

Horizon Foods Co Days Payable Related Terms

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Horizon Foods Co (SAU:9564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Horizon Foods Co (SAU:9564) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Third Industrial Area Zone G, Dammam, SAU

Website

https://www.horizonfood.sa

Horizon Foods Co engages in the production, manufacturing, processing, cutting, packaging, and shaping of meat and poultry, and its main activity is in the manufacture of shawarma molds. Its product offerings comprise meat shawarma, Doner Kabab, and Chicken Shawarma.

Horizon Foods Co (SAU:9564) Headlines

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