Angel Yeast Co (SHSE:600298) Days Payable : 63.38 (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Angel Yeast Co Days Payable?

Angel Yeast Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,822 Mil. Angel Yeast Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,624 Mil. Hence, Angel Yeast Co's Days Payable for the three months ended in Mar. 2024 was 63.38.

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

SHSE:600298' s Days Payable Range Over the Past 10 Years
Min: 62.58 Med: 70.9 Max: 90.44
Current: 63.16

During the past 13 years, Angel Yeast Co's highest Days Payable was 90.44. The lowest was 62.58. And the median was 70.90.

SHSE:600298's Days Payable is ranked better than
67.15% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs SHSE:600298: 63.16

Angel Yeast Co's Days Payable declined from Mar. 2023 (68.29) to Mar. 2024 (63.38). It may suggest that Angel Yeast Co accelerated paying its suppliers.

Angel Yeast Co Days Payable Historical Data

The historical data trend for Angel Yeast 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.

* Premium members only.

Angel Yeast Co Days Payable Chart

Angel Yeast Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

85.51

73.89

62.58

64.26

67.64

Angel Yeast Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															68.29	66.23	71.82	53.67	63.38

Competitive Comparison of Angel Yeast Co's Days Payable

For the Packaged Foods subindustry, Angel Yeast 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.

Angel Yeast Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Angel Yeast Co's Days Payable falls into.

Angel Yeast 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.

Angel Yeast 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
=	( (1922.898	+	1893.105)	/	2 )	/	10295.751	*	365
=	1908.0015					/	10295.751	*	365
=	67.64

Angel Yeast Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1893.105	+	1751.734)	/	2 )	/	2623.681	*	365 / 4
=	1822.4195					/	2623.681	*	365 / 4
=	63.38

Angel Yeast Co Days Payable Related Terms

Thank you for viewing the detailed overview of Angel Yeast Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Angel Yeast Co (SHSE:600298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Angel Yeast Co Ltd (SHSE:600298) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 168 Chengdong Avenue, Hubei Province, Yichang, CHN, 443003

Website

http://en.angelyeast.com

Angel Yeast Co Ltd is a China-based yeast producing company. It specializes in producing yeast and yeast derivatives in China. The company provides yeast used in baking, beverages, health products, YE-fermentation, fuel ethanol, and animal nutrition products. Its product covers plant nutrition products, baker's yeast and ingredients, Chinese dimsum and seasoning, human health, animal nutrition, enzymes, and others.

Angel Yeast Co (SHSE:600298) Headlines

No Headlines