Wei Long Grape Wine Co (SHSE:603779) Days Payable : 115.36 (As of Mar. 2024)

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What is Wei Long Grape Wine Co Days Payable?

Wei Long Grape Wine Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥76.1 Mil. Wei Long Grape Wine Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥60.2 Mil. Hence, Wei Long Grape Wine Co's Days Payable for the three months ended in Mar. 2024 was 115.36.

The historical rank and industry rank for Wei Long Grape Wine Co's Days Payable or its related term are showing as below:

SHSE:603779' s Days Payable Range Over the Past 10 Years
Min: 108.11 Med: 153.99 Max: 233.09
Current: 120.43

During the past 13 years, Wei Long Grape Wine Co's highest Days Payable was 233.09. The lowest was 108.11. And the median was 153.99.

SHSE:603779's Days Payable is ranked better than
64.22% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 80.985 vs SHSE:603779: 120.43

Wei Long Grape Wine Co's Days Payable declined from Mar. 2023 (177.19) to Mar. 2024 (115.36). It may suggest that Wei Long Grape Wine Co accelerated paying its suppliers.

Wei Long Grape Wine Co Days Payable Historical Data

The historical data trend for Wei Long Grape Wine 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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Wei Long Grape Wine Co Days Payable Chart

Wei Long Grape Wine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

185.87

150.03

114.54

112.66

157.94

Wei Long Grape Wine 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															177.19	107.79	194.31	114.42	115.36

Competitive Comparison of Wei Long Grape Wine Co's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Wei Long Grape Wine 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.

Wei Long Grape Wine Co's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Wei Long Grape Wine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Wei Long Grape Wine Co's Days Payable falls into.

Wei Long Grape Wine 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.

Wei Long Grape Wine 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
=	( (77.255	+	93.773)	/	2 )	/	197.62	*	365
=	85.514					/	197.62	*	365
=	157.94

Wei Long Grape Wine 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
=	( (93.773	+	58.439)	/	2 )	/	60.198	*	365 / 4
=	76.106					/	60.198	*	365 / 4
=	115.36

Wei Long Grape Wine Co Days Payable Related Terms

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Wei Long Grape Wine Co (SHSE:603779) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Wei Long Grape Wine Co Ltd (SHSE:603779) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

276 Huan Cheng Bei Lu, Longkou Shi, Shandong Sheng, Yantai Shi, CHN, 265701

Website

http://www.weilong.com

Wei Long Grape Wine Co Ltd produces and sells wines in China. Its business scope includes wine grape cultivation, winemaking, bottling, and packaging. It offers organic, dry red, dry white, special grape, and green wines, as well as sweet wine, brandy, and sparkling wine.

Executives

Wang Zhen Hai

Director

Wei Long Grape Wine Co (SHSE:603779) Headlines

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