Eastroc Beverage (Group) Co (SHSE:605499) Days Payable : 38.14 (As of Mar. 2024)

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What is Eastroc Beverage (Group) Co Days Payable?

Eastroc Beverage (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥833 Mil. Eastroc Beverage (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,993 Mil. Hence, Eastroc Beverage (Group) Co's Days Payable for the three months ended in Mar. 2024 was 38.14.

The historical rank and industry rank for Eastroc Beverage (Group) Co's Days Payable or its related term are showing as below:

SHSE:605499' s Days Payable Range Over the Past 10 Years
Min: 38.36 Med: 43.25 Max: 44.85
Current: 38.36

During the past 7 years, Eastroc Beverage (Group) Co's highest Days Payable was 44.85. The lowest was 38.36. And the median was 43.25.

SHSE:605499's Days Payable is ranked worse than
82.76% of 203 companies
in the Beverages - Alcoholic industry
Industry Median: 80.66 vs SHSE:605499: 38.36

Eastroc Beverage (Group) Co's Days Payable declined from Mar. 2023 (41.92) to Mar. 2024 (38.14). It may suggest that Eastroc Beverage (Group) Co accelerated paying its suppliers.

Eastroc Beverage (Group) Co Days Payable Historical Data

The historical data trend for Eastroc Beverage (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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Eastroc Beverage (Group) Co Days Payable Chart

Eastroc Beverage (Group) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

43.11

40.47

40.08

44.85

44.59

Eastroc Beverage (Group) Co Quarterly Data
	Dec17	Dec18	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															41.92	37.06	33.59	48.81	38.14

Competitive Comparison of Eastroc Beverage (Group) Co's Days Payable

For the Beverages - Brewers subindustry, Eastroc Beverage (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.

Eastroc Beverage (Group) Co's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Eastroc Beverage (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Eastroc Beverage (Group) Co's Days Payable falls into.

Eastroc Beverage (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.

Eastroc Beverage (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
=	( (651.196	+	915.36)	/	2 )	/	6411.654	*	365
=	783.278					/	6411.654	*	365
=	44.59

Eastroc Beverage (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
=	( (915.36	+	750.535)	/	2 )	/	1992.82	*	365 / 4
=	832.9475					/	1992.82	*	365 / 4
=	38.14

Eastroc Beverage (Group) Co Days Payable Related Terms

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Eastroc Beverage (Group) Co (SHSE:605499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Eastroc Beverage (Group) Co Ltd (SHSE:605499) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 142, Zhuguang North Road, Taoyuan Street, 1st Floor, Building 3, Zhongguan Honghualing Industrial West Zone, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.szeastroc.com

Eastroc Beverage (Group) Co Ltd is engaged in the research and development, production and sales of beverages.

Eastroc Beverage (Group) Co (SHSE:605499) Headlines

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