Zhongyin Babi Food Co (SHSE:605338) Days Payable : 47.89 (As of Mar. 2024)

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What is Zhongyin Babi Food Co Days Payable?

Zhongyin Babi Food Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥138 Mil. Zhongyin Babi Food Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥262 Mil. Hence, Zhongyin Babi Food Co's Days Payable for the three months ended in Mar. 2024 was 47.89.

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

SHSE:605338' s Days Payable Range Over the Past 10 Years
Min: 41.06 Med: 57.1 Max: 74.92
Current: 41.06

During the past 8 years, Zhongyin Babi Food Co's highest Days Payable was 74.92. The lowest was 41.06. And the median was 57.10.

SHSE:605338's Days Payable is ranked worse than
56.49% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs SHSE:605338: 41.06

Zhongyin Babi Food Co's Days Payable declined from Mar. 2023 (61.98) to Mar. 2024 (47.89). It may suggest that Zhongyin Babi Food Co accelerated paying its suppliers.

Zhongyin Babi Food Co Days Payable Historical Data

The historical data trend for Zhongyin Babi Food 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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Zhongyin Babi Food Co Days Payable Chart

Zhongyin Babi Food Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

45.94

59.83

54.37

61.00

53.09

Zhongyin Babi Food 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															61.98	40.48	39.48	40.47	47.89

Competitive Comparison of Zhongyin Babi Food Co's Days Payable

For the Packaged Foods subindustry, Zhongyin Babi Food 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.

Zhongyin Babi Food Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhongyin Babi Food Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhongyin Babi Food Co's Days Payable falls into.

Zhongyin Babi Food 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.

Zhongyin Babi Food 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
=	( (201.488	+	147.783)	/	2 )	/	1200.69	*	365
=	174.6355					/	1200.69	*	365
=	53.09

Zhongyin Babi Food 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
=	( (147.783	+	127.364)	/	2 )	/	262.112	*	365 / 4
=	137.5735					/	262.112	*	365 / 4
=	47.89

Zhongyin Babi Food Co Days Payable Related Terms

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Zhongyin Babi Food Co (SHSE:605338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhongyin Babi Food Co Ltd (SHSE:605338) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

785 Rongjiang Road, Chedun Town, Songjiang District, Shanghai, CHN, 201611

Website

http://www.babifood.com

Zhongyin Babi Food Co Ltd is engaged in research and development, production and sales of Chinese-style pastry quick-frozen food. The company's products are divided into pastry series products, filling series products and external procurement series products, including buns, steamed buns, whole grain snacks, fillings and porridge drinks, among others.

Executives

Sun Ai Guo	Directors, senior managers
Jin Wang Ming	Supervisors

Zhongyin Babi Food Co (SHSE:605338) Headlines

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