Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) Days Payable : 82.02 (As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Shanxi Xinghuacun Fen Wine Factory Co Days Payable?

Shanxi Xinghuacun Fen Wine Factory Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,107 Mil. Shanxi Xinghuacun Fen Wine Factory Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,457 Mil. Hence, Shanxi Xinghuacun Fen Wine Factory Co's Days Payable for the three months ended in Mar. 2024 was 82.02.

The historical rank and industry rank for Shanxi Xinghuacun Fen Wine Factory Co's Days Payable or its related term are showing as below:

SHSE:600809' s Days Payable Range Over the Past 10 Years
Min: 135.21 Med: 186.35 Max: 231.34
Current: 139.41

During the past 13 years, Shanxi Xinghuacun Fen Wine Factory Co's highest Days Payable was 231.34. The lowest was 135.21. And the median was 186.35.

SHSE:600809's Days Payable is ranked better than
70.79% of 202 companies
in the Beverages - Alcoholic industry
Industry Median: 80.705 vs SHSE:600809: 139.41

Shanxi Xinghuacun Fen Wine Factory Co's Days Payable declined from Mar. 2023 (86.23) to Mar. 2024 (82.02). It may suggest that Shanxi Xinghuacun Fen Wine Factory Co accelerated paying its suppliers.

Shanxi Xinghuacun Fen Wine Factory Co Days Payable Historical Data

The historical data trend for Shanxi Xinghuacun Fen Wine Factory 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.

Shanxi Xinghuacun Fen Wine Factory Co Days Payable Chart

Shanxi Xinghuacun Fen Wine Factory Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

228.18

231.34

186.62

162.74

135.21

Shanxi Xinghuacun Fen Wine Factory 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															86.23	196.81	156.35	200.11	82.02

Competitive Comparison of Shanxi Xinghuacun Fen Wine Factory Co's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Shanxi Xinghuacun Fen Wine Factory 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.

Shanxi Xinghuacun Fen Wine Factory Co's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Shanxi Xinghuacun Fen Wine Factory Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanxi Xinghuacun Fen Wine Factory Co's Days Payable falls into.

Shanxi Xinghuacun Fen Wine Factory 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.

Shanxi Xinghuacun Fen Wine Factory 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
=	( (2948.309	+	2893.144)	/	2 )	/	7884.347	*	365
=	2920.7265					/	7884.347	*	365
=	135.21

Shanxi Xinghuacun Fen Wine Factory 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
=	( (2893.144	+	3321.548)	/	2 )	/	3457.072	*	365 / 4
=	3107.346					/	3457.072	*	365 / 4
=	82.02

Shanxi Xinghuacun Fen Wine Factory Co Days Payable Related Terms

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

Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Shanxi Xinghuacun Fen Wine Factory Co Ltd (SHSE:600809) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinghua Village, Fenyang County, Shanxi, Lvliang, CHN, 032205

Website

http://www.fenjiu.com.cn

Shanxi Fen Wine, or Fen Wine, is a typical light-flavored baijiu, featuring a fresher, lighter, and purer-taste compared with jiang-flavored and rich-flavored spirits. The company offers a comprehensive product portfolio, covering sub-premium, mid- to high range, and low-end products. The Fen series contributed about 90% of the company's sales revenue in 2022, including sub-premium brand Qinghua, midrange products Panama and Laobaifen, and low-end Bofen. The State-Owned Assets Supervision and Administration Commission of Shanxi province controls 51% of Fen Wine.

Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) Headlines

No Headlines