First Resources (SGX:EB5) Days Payable : 22.43 (As of Dec. 2023)

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What is First Resources Days Payable?

First Resources's average Accounts Payable for the six months ended in Dec. 2023 was S$53 Mil. First Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was S$434 Mil. Hence, First Resources's Days Payable for the six months ended in Dec. 2023 was 22.43.

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

SGX:EB5' s Days Payable Range Over the Past 10 Years
Min: 19.6 Med: 24.87 Max: 35.94
Current: 21.99

During the past 13 years, First Resources's highest Days Payable was 35.94. The lowest was 19.60. And the median was 24.87.

SGX:EB5's Days Payable is ranked worse than
83.32% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs SGX:EB5: 21.99

First Resources's Days Payable increased from Dec. 2022 (18.87) to Dec. 2023 (22.43). It may suggest that First Resources delayed paying its suppliers.

First Resources Days Payable Historical Data

The historical data trend for First Resources'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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First Resources Days Payable Chart

First Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.55

21.57

19.60

21.36

21.15

First Resources 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															18.27	29.74	18.87	22.50	22.43

Competitive Comparison of First Resources's Days Payable

For the Packaged Foods subindustry, First Resources'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.

First Resources's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

First Resources 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.

First Resources'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
=	( (42.739	+	52.589)	/	2 )	/	822.637	*	365
=	47.664					/	822.637	*	365
=	21.15

First Resources'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
=	( (54.1	+	52.589)	/	2 )	/	433.953	*	365 / 2
=	53.3445					/	433.953	*	365 / 2
=	22.43

First Resources Days Payable Related Terms

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First Resources (SGX:EB5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » First Resources Ltd (SGX:EB5) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5F1:Germany

Address

7 Temasek Boulevard, No. 24-01, Suntec Tower One, Singapore, SGP, 038987

Website

https://www.first-resources.com

First Resources Ltd manages more than 200,000 hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations and Palm Oil Mills & Refineries and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.

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