Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Days Payable : 99.23 (As of Mar. 2024)

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What is Yinchuan Xinhua Commercial (Group) Co Days Payable?

Yinchuan Xinhua Commercial (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,502 Mil. Yinchuan Xinhua Commercial (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,382 Mil. Hence, Yinchuan Xinhua Commercial (Group) Co's Days Payable for the three months ended in Mar. 2024 was 99.23.

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

SHSE:600785' s Days Payable Range Over the Past 10 Years
Min: 77.89 Med: 84.47 Max: 131.27
Current: 111.56

During the past 13 years, Yinchuan Xinhua Commercial (Group) Co's highest Days Payable was 131.27. The lowest was 77.89. And the median was 84.47.

SHSE:600785's Days Payable is ranked better than
78.91% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.41 vs SHSE:600785: 111.56

Yinchuan Xinhua Commercial (Group) Co's Days Payable declined from Mar. 2023 (102.03) to Mar. 2024 (99.23). It may suggest that Yinchuan Xinhua Commercial (Group) Co accelerated paying its suppliers.

Yinchuan Xinhua Commercial (Group) Co Days Payable Historical Data

The historical data trend for Yinchuan Xinhua Commercial (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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Yinchuan Xinhua Commercial (Group) Co Days Payable Chart

Yinchuan Xinhua Commercial (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.00

128.36

131.27

126.97

129.46

Yinchuan Xinhua Commercial (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															102.03	110.87	112.84	126.71	99.23

Competitive Comparison of Yinchuan Xinhua Commercial (Group) Co's Days Payable

For the Department Stores subindustry, Yinchuan Xinhua Commercial (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.

Yinchuan Xinhua Commercial (Group) Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Yinchuan Xinhua Commercial (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Yinchuan Xinhua Commercial (Group) Co's Days Payable falls into.

Yinchuan Xinhua Commercial (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.

Yinchuan Xinhua Commercial (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
=	( (1572.721	+	1578.489)	/	2 )	/	4442.394	*	365
=	1575.605					/	4442.394	*	365
=	129.46

Yinchuan Xinhua Commercial (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
=	( (1578.489	+	1426.482)	/	2 )	/	1381.716	*	365 / 4
=	1502.4855					/	1381.716	*	365 / 4
=	99.23

Yinchuan Xinhua Commercial (Group) Co Days Payable Related Terms

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Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Yinchuan Xinhua Commercial (Group) Co Ltd (SHSE:600785) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 97 Xinhua East Street, Xingqing District, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750001

Website

http://www.xhbh.com.cn

Yinchuan Xinhua Commercial (Group) Co Ltd is a China-based company engaged in the operation of department stores, as well as the delivery of goods, household appliances, and wholesale products.

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