Inner Mongolia Yili Industrial Group Co (SHSE:600887) Days Payable : 64.48 (As of Mar. 2024)

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What is Inner Mongolia Yili Industrial Group Co Days Payable?

Inner Mongolia Yili Industrial Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥14,728 Mil. Inner Mongolia Yili Industrial Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥20,844 Mil. Hence, Inner Mongolia Yili Industrial Group Co's Days Payable for the three months ended in Mar. 2024 was 64.48.

The historical rank and industry rank for Inner Mongolia Yili Industrial Group Co's Days Payable or its related term are showing as below:

SHSE:600887' s Days Payable Range Over the Past 10 Years
Min: 54.67 Med: 62.18 Max: 68.12
Current: 65.31

During the past 13 years, Inner Mongolia Yili Industrial Group Co's highest Days Payable was 68.12. The lowest was 54.67. And the median was 62.18.

SHSE:600887's Days Payable is ranked better than
68.77% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs SHSE:600887: 65.31

Inner Mongolia Yili Industrial Group Co's Days Payable declined from Mar. 2023 (66.97) to Mar. 2024 (64.48). It may suggest that Inner Mongolia Yili Industrial Group Co accelerated paying its suppliers.

Inner Mongolia Yili Industrial Group Co Days Payable Historical Data

The historical data trend for Inner Mongolia Yili Industrial Group 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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Inner Mongolia Yili Industrial Group Co Days Payable Chart

Inner Mongolia Yili Industrial Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.46

60.70

61.37

67.78

68.12

Inner Mongolia Yili Industrial Group 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															66.97	63.05	64.42	68.95	64.48

Competitive Comparison of Inner Mongolia Yili Industrial Group Co's Days Payable

For the Packaged Foods subindustry, Inner Mongolia Yili Industrial Group 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.

Inner Mongolia Yili Industrial Group Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Inner Mongolia Yili Industrial Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Inner Mongolia Yili Industrial Group Co's Days Payable falls into.

Inner Mongolia Yili Industrial Group 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.

Inner Mongolia Yili Industrial Group 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
=	( (16806.618	+	14839.609)	/	2 )	/	84788.592	*	365
=	15823.1135					/	84788.592	*	365
=	68.12

Inner Mongolia Yili Industrial Group 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
=	( (14839.609	+	14617.148)	/	2 )	/	20843.815	*	365 / 4
=	14728.3785					/	20843.815	*	365 / 4
=	64.48

Inner Mongolia Yili Industrial Group Co Days Payable Related Terms

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Inner Mongolia Yili Industrial Group Co (SHSE:600887) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Inner Mongolia Yili Industrial Group Co Ltd (SHSE:600887) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Jinshan Street, Jinshan Development Zone, Huhehaote, Inner Mongolia, CHN, 010110

Website

http://www.yili.com

Inner Mongolia Yili Industrial Group is the largest dairy products producer in China, with the majority of revenue (70%) coming from the liquid milk segment. The company also manufactures ice cream, milk powder and beverages. Some flagship lineups include Satine, Yili Pure Milk, Ambrosial and Changqing. The company also expands its overseas presence through setting up R&D centers and acquiring foreign dairy brands such as Westland in New Zealand and Chomthana in Thailand.

Inner Mongolia Yili Industrial Group Co (SHSE:600887) Headlines

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