Shiyue Daotian Group Co (HKSE:09676) Days Payable : 13.44 (As of Dec. 2023)

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What is Shiyue Daotian Group Co Days Payable?

Shiyue Daotian Group Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$171 Mil. Shiyue Daotian Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,647 Mil. Hence, Shiyue Daotian Group Co's Days Payable for the six months ended in Dec. 2023 was 6.72.

The historical rank and industry rank for Shiyue Daotian Group Co's Days Payable or its related term are showing as below:

HKSE:09676' s Days Payable Range Over the Past 10 Years
Min: 13.44 Med: 15.23 Max: 28.14
Current: 13.44

During the past 4 years, Shiyue Daotian Group Co's highest Days Payable was 28.14. The lowest was 13.44. And the median was 15.23.

HKSE:09676's Days Payable is ranked worse than
92.73% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs HKSE:09676: 13.44

Shiyue Daotian Group Co's Days Payable declined from Dec. 2021 (15.71) to Dec. 2023 (13.44). It may suggest that Shiyue Daotian Group Co accelerated paying its suppliers.

Shiyue Daotian Group Co Days Payable Historical Data

The historical data trend for Shiyue Daotian 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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Shiyue Daotian Group Co Days Payable Chart

Shiyue Daotian Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

28.14

15.71

14.74

13.44

Shiyue Daotian Group Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Days Payable	28.14	15.71	14.74	13.44

Competitive Comparison of Shiyue Daotian Group Co's Days Payable

For the Packaged Foods subindustry, Shiyue Daotian 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.

Shiyue Daotian Group Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shiyue Daotian Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shiyue Daotian Group Co's Days Payable falls into.

Shiyue Daotian 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.

Shiyue Daotian 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
=	( (191.657	+	150.467)	/	2 )	/	4646.712	*	365
=	171.062					/	4646.712	*	365
=	13.44

Shiyue Daotian Group Co'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (191.657	+	150.467)	/	2 )	/	4646.712	*	365 / 2
=	171.062					/	4646.712	*	365 / 2
=	6.72

Shiyue Daotian Group Co Days Payable Related Terms

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Shiyue Daotian Group Co (HKSE:09676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shiyue Daotian Group Co Ltd (HKSE:09676) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

2nd Floor, Building A, Yisha Wenxin Plaza, Chaoyang, Beijing, CHN

Website

https://www.shiyuedaotian.com

Shiyue Daotian Group Co Ltd is one of China's leading and rapidly growing pantry staple food companies, enjoying a robust multichannel brand presence. It has been dedicated to providing its consumers with pre-packaged premium rice, whole grain, bean, and dried food products.

Shiyue Daotian Group Co (HKSE:09676) Headlines

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