Verde AgriTech (TSX:NPK) Days Payable : 57.98 (As of Dec. 2023)

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What is Verde AgriTech Days Payable?

Verde AgriTech's average Accounts Payable for the three months ended in Dec. 2023 was C$3.49 Mil. Verde AgriTech's Cost of Goods Sold for the three months ended in Dec. 2023 was C$5.49 Mil. Hence, Verde AgriTech's Days Payable for the three months ended in Dec. 2023 was 57.98.

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

TSX:NPK' s Days Payable Range Over the Past 10 Years
Min: 22.9 Med: 55.08 Max: 129.06
Current: 129.06

During the past 13 years, Verde AgriTech's highest Days Payable was 129.06. The lowest was 22.90. And the median was 55.08.

TSX:NPK's Days Payable is ranked better than
71.06% of 235 companies
in the Agriculture industry
Industry Median: 79.24 vs TSX:NPK: 129.06

Verde AgriTech's Days Payable declined from Dec. 2022 (264.96) to Dec. 2023 (57.98). It may suggest that Verde AgriTech accelerated paying its suppliers.

Verde AgriTech Days Payable Historical Data

The historical data trend for Verde AgriTech'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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Verde AgriTech Days Payable Chart

Verde AgriTech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.86

22.90

72.17

57.13

59.77

Verde AgriTech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															264.96	160.57	264.62	188.10	57.98

Competitive Comparison of Verde AgriTech's Days Payable

For the Agricultural Inputs subindustry, Verde AgriTech'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.

Verde AgriTech's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Verde AgriTech's Days Payable distribution charts can be found below:

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

Verde AgriTech 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.

Verde AgriTech'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
=	( (3.084	+	1.228)	/	2 )	/	13.166	*	365
=	2.156					/	13.166	*	365
=	59.77

Verde AgriTech'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.743	+	1.228)	/	2 )	/	5.486	*	365 / 4
=	3.4855					/	5.486	*	365 / 4
=	57.98

Verde AgriTech Days Payable Related Terms

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Verde AgriTech (TSX:NPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Verde AgriTech Ltd (TSX:NPK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VNPKF:USA T48:Germany

Address

105 Cecil Street, No. 15-02, The Octagon, Singapore, SGP, 069534

Website

https://investor.verde.ag

Verde AgriTech Ltd promotes sustainable and profitable agriculture through the development of its Cerrado Verde Project, from which the company produces solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. The multi-nutrient potassium fertilizer marketed in Brazil under the brand K Forte and internationally as Super Greensand is one of Verde's sustainable products from which the nature-driven technology company helps to improve the soil microbiome.

Executives

Cristiano Botelho Veloso

Director, Senior Officer