Cofco Sugar Holding Co (SHSE:600737) Days Payable : 14.04 (As of Mar. 2024)

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What is Cofco Sugar Holding Co Days Payable?

Cofco Sugar Holding Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,088 Mil. Cofco Sugar Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥7,069 Mil. Hence, Cofco Sugar Holding Co's Days Payable for the three months ended in Mar. 2024 was 14.04.

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

SHSE:600737' s Days Payable Range Over the Past 10 Years
Min: 17.77 Med: 31.99 Max: 46.73
Current: 19.07

During the past 13 years, Cofco Sugar Holding Co's highest Days Payable was 46.73. The lowest was 17.77. And the median was 31.99.

SHSE:600737's Days Payable is ranked worse than
87.63% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 46.25 vs SHSE:600737: 19.07

Cofco Sugar Holding Co's Days Payable declined from Mar. 2023 (40.18) to Mar. 2024 (14.04). It may suggest that Cofco Sugar Holding Co accelerated paying its suppliers.

Cofco Sugar Holding Co Days Payable Historical Data

The historical data trend for Cofco Sugar Holding 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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Cofco Sugar Holding Co Days Payable Chart

Cofco Sugar Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.92

46.73

37.64

34.44

22.14

Cofco Sugar Holding 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															40.18	20.76	21.00	25.06	14.04

Competitive Comparison of Cofco Sugar Holding Co's Days Payable

For the Packaged Foods subindustry, Cofco Sugar Holding 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.

Cofco Sugar Holding Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Cofco Sugar Holding Co's Days Payable falls into.

Cofco Sugar Holding 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.

Cofco Sugar Holding 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
=	( (2320.043	+	1130.876)	/	2 )	/	28441.75	*	365
=	1725.4595					/	28441.75	*	365
=	22.14

Cofco Sugar Holding 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
=	( (1130.876	+	1044.721)	/	2 )	/	7068.583	*	365 / 4
=	1087.7985					/	7068.583	*	365 / 4
=	14.04

Cofco Sugar Holding Co Days Payable Related Terms

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Cofco Sugar Holding Co (SHSE:600737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cofco Sugar Holding Co Ltd (SHSE:600737) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Xinjiang Uygur Autonomous Region, W101, 1st Floor, Building 54, Yutang Village, Daxiqu Town District, Changji Prefecture, Changji, CHN, 830000

Website

http://www.cofcotunhe.com

Cofco Sugar Holding Co Ltd is engaged in sugar business and tomato processing business. The company also takes care of sugar imports, port sugar refining, and sugar storage and logistics. Some of the company's products are raw sugar, white sugar, organic white granulated sugar, refined sugar, brown sugar, molasses, beet ordinary granules, and plus honey granules.

Executives

Li Feng Chun	senior management
Yu Tian Chi	senior management
Yang Hong	senior management

Cofco Sugar Holding Co (SHSE:600737) Headlines

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