Jinhui Liquor Co (SHSE:603919) Days Payable : 32.87 (As of Mar. 2024)

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What is Jinhui Liquor Co Days Payable?

Jinhui Liquor Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥134 Mil. Jinhui Liquor Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥372 Mil. Hence, Jinhui Liquor Co's Days Payable for the three months ended in Mar. 2024 was 32.87.

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

SHSE:603919' s Days Payable Range Over the Past 10 Years
Min: 59.29 Med: 89.81 Max: 117.33
Current: 59.29

During the past 13 years, Jinhui Liquor Co's highest Days Payable was 117.33. The lowest was 59.29. And the median was 89.81.

SHSE:603919's Days Payable is ranked worse than
65.69% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 79.59 vs SHSE:603919: 59.29

Jinhui Liquor Co's Days Payable declined from Mar. 2023 (53.47) to Mar. 2024 (32.87). It may suggest that Jinhui Liquor Co accelerated paying its suppliers.

Jinhui Liquor Co Days Payable Historical Data

The historical data trend for Jinhui Liquor 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.

* Premium members only.

Jinhui Liquor Co Days Payable Chart

Jinhui Liquor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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104.12

106.40

92.60

64.49

60.97

Jinhui Liquor 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															53.47	72.73	82.50	72.98	32.87

Competitive Comparison of Jinhui Liquor Co's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Jinhui Liquor 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.

Jinhui Liquor Co's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Jinhui Liquor Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jinhui Liquor Co's Days Payable falls into.

Jinhui Liquor 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.

Jinhui Liquor 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
=	( (144.416	+	175.303)	/	2 )	/	956.963	*	365
=	159.8595					/	956.963	*	365
=	60.97

Jinhui Liquor 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
=	( (175.303	+	92.774)	/	2 )	/	372.129	*	365 / 4
=	134.0385					/	372.129	*	365 / 4
=	32.87

Jinhui Liquor Co Days Payable Related Terms

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Jinhui Liquor Co (SHSE:603919) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jinhui Liquor Co Ltd (SHSE:603919) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Huixian, Gansu Province, Longnan, CHN, 742 300

Website

http://www.jinhuijiu.com

Jinhui Liquor Co Ltd engages in manufacturing and sales of wine & liquor, as well as design, development, manufacturing, and sale of packaging materials.

Jinhui Liquor Co (SHSE:603919) Headlines

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