Jinhong Fashion Group Co (SHSE:603518) Days Payable : 103.81 (As of Mar. 2024)

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What is Jinhong Fashion Group Co Days Payable?

Jinhong Fashion Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥391 Mil. Jinhong Fashion Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥344 Mil. Hence, Jinhong Fashion Group Co's Days Payable for the three months ended in Mar. 2024 was 103.81.

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

SHSE:603518' s Days Payable Range Over the Past 10 Years
Min: 48.03 Med: 61.91 Max: 177.91
Current: 102.84

During the past 13 years, Jinhong Fashion Group Co's highest Days Payable was 177.91. The lowest was 48.03. And the median was 61.91.

SHSE:603518's Days Payable is ranked better than
77.94% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.73 vs SHSE:603518: 102.84

Jinhong Fashion Group Co's Days Payable declined from Mar. 2023 (131.49) to Mar. 2024 (103.81). It may suggest that Jinhong Fashion Group Co accelerated paying its suppliers.

Jinhong Fashion Group Co Days Payable Historical Data

The historical data trend for Jinhong Fashion 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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Jinhong Fashion Group Co Days Payable Chart

Jinhong Fashion Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.51

81.14

118.78

177.91

136.98

Jinhong Fashion 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															131.49	112.98	114.90	89.32	103.81

Competitive Comparison of Jinhong Fashion Group Co's Days Payable

For the Apparel Manufacturing subindustry, Jinhong Fashion 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.

Jinhong Fashion Group Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jinhong Fashion Group Co's Days Payable distribution charts can be found below:

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

Jinhong Fashion 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.

Jinhong Fashion 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
=	( (610.461	+	440.311)	/	2 )	/	1399.925	*	365
=	525.386					/	1399.925	*	365
=	136.98

Jinhong Fashion 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
=	( (440.311	+	341.415)	/	2 )	/	343.578	*	365 / 4
=	390.863					/	343.578	*	365 / 4
=	103.81

Jinhong Fashion Group Co Days Payable Related Terms

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Jinhong Fashion Group Co (SHSE:603518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jinhong Fashion Group Co Ltd (SHSE:603518) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 3051 Hechuan Road, Rhein Town Center Building A, Minhang District, Shanghai, CHN, 201103

Website

http://www.v-grass.com

Jinhong Fashion Group Co Ltd, formerly V-GRASS Fashion Co Ltd is engaged in the manufacture and sale of women's apparel products.

Executives

Wang Zhi Qin	Directors, senior managers
Zhang Yu Ying	Supervisors
Cao Yi Tang	Director
Bian Chun Ning	Supervisors
Wang Bao Lin	Director
Zhou Jing Ping	senior management

Jinhong Fashion Group Co (SHSE:603518) Headlines

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