Fanhua (Fanhua) Days Payable : 85.67 (As of Dec. 2023)

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What is Fanhua Days Payable?

Fanhua's average Accounts Payable for the three months ended in Dec. 2023 was $50.4 Mil. Fanhua's Cost of Goods Sold for the three months ended in Dec. 2023 was $53.7 Mil. Hence, Fanhua's Days Payable for the three months ended in Dec. 2023 was 85.67.

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

FANH' s Days Payable Range Over the Past 10 Years
Min: 24.3 Med: 47.71 Max: 78.79
Current: 78.79

During the past 13 years, Fanhua's highest Days Payable was 78.79. The lowest was 24.30. And the median was 47.71.

FANH's Days Payable is ranked better than
61.22% of 49 companies
in the Insurance industry
Industry Median: 48.44 vs FANH: 78.79

Fanhua's Days Payable increased from Dec. 2022 (60.47) to Dec. 2023 (85.67). It may suggest that Fanhua delayed paying its suppliers.

Fanhua Days Payable Historical Data

The historical data trend for Fanhua'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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Fanhua Days Payable Chart

Fanhua Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

53.05

60.54

60.68

74.18

66.17

Fanhua 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															60.47	78.53	69.77	108.82	85.67

Competitive Comparison of Fanhua's Days Payable

For the Insurance Brokers subindustry, Fanhua'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.

Fanhua's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Fanhua's Days Payable distribution charts can be found below:

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

Fanhua 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.

Fanhua'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
=	( (51.975	+	56.974)	/	2 )	/	300.47	*	365
=	54.4745					/	300.47	*	365
=	66.17

Fanhua'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
=	( (43.852	+	56.974)	/	2 )	/	53.697	*	365 / 4
=	50.413					/	53.697	*	365 / 4
=	85.67

Fanhua Days Payable Related Terms

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Fanhua (Fanhua) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fanhua Inc (NAS:FANH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

4CIA:Germany

Address

No.15 West Zhujiang Road, 60th Floor, Pearl River Tower, Guangdong, Guangzhou, CHN, 510623

Website

https://www.fanhuaholdings.com

Fanhua Inc is an independent insurance intermediary company operating in China. The company sells insurance product offerings from various insurance companies through their online platforms Lan Zhanggui, Baowang, and eHuzhu. The company's segments include the insurance agency segment, which mainly consists of providing agency services for distributing life insurance products and P&C insurance products on behalf of insurance companies; and the claims adjusting segment, which consists of providing pre-underwriting survey services, claim adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The insurance agency segment contributes to the majority of the revenue. The company generates all of its revenues from China.