Shenzhen Cereals Holdings Co (SZSE:000019) Days Payable : 30.44 (As of Mar. 2024)

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What is Shenzhen Cereals Holdings Co Days Payable?

Shenzhen Cereals Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥290 Mil. Shenzhen Cereals Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥868 Mil. Hence, Shenzhen Cereals Holdings Co's Days Payable for the three months ended in Mar. 2024 was 30.44.

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

SZSE:000019' s Days Payable Range Over the Past 10 Years
Min: 10.64 Med: 20.1 Max: 40.75
Current: 23.44

During the past 13 years, Shenzhen Cereals Holdings Co's highest Days Payable was 40.75. The lowest was 10.64. And the median was 20.10.

SZSE:000019's Days Payable is ranked worse than
81.14% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs SZSE:000019: 23.44

Shenzhen Cereals Holdings Co's Days Payable declined from Mar. 2023 (31.67) to Mar. 2024 (30.44). It may suggest that Shenzhen Cereals Holdings Co accelerated paying its suppliers.

Shenzhen Cereals Holdings Co Days Payable Historical Data

The historical data trend for Shenzhen Cereals Holdings 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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Shenzhen Cereals Holdings Co Days Payable Chart

Shenzhen Cereals Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.54

12.71

18.70

20.79

25.35

Shenzhen Cereals Holdings 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															31.67	24.41	22.03	20.85	30.44

Competitive Comparison of Shenzhen Cereals Holdings Co's Days Payable

For the Packaged Foods subindustry, Shenzhen Cereals Holdings 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.

Shenzhen Cereals Holdings Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shenzhen Cereals Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Cereals Holdings Co's Days Payable falls into.

Shenzhen Cereals Holdings 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.

Shenzhen Cereals Holdings 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
=	( (390.149	+	336.165)	/	2 )	/	5228.845	*	365
=	363.157					/	5228.845	*	365
=	25.35

Shenzhen Cereals Holdings 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
=	( (336.165	+	243.15)	/	2 )	/	868.329	*	365 / 4
=	289.6575					/	868.329	*	365 / 4
=	30.44

Shenzhen Cereals Holdings Co Days Payable Related Terms

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Shenzhen Cereals Holdings Co (SZSE:000019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shenzhen Cereals Holdings Co Ltd (SZSE:000019) » Definitions » Days Payable

Traded in Other Exchanges

200019:China

Address

No. 9 Fuhong Road, 13th Floor, Tower A, World Trade Plaza, Futian District, Shenzhen, CHN, 518033

Website

http://www.slkg1949.com

Shenzhen Cereals Holdings Co Ltd is in the business of tea refining and tea sales, tea e-commerce, food and beverage, research and development. Its products include instant tea powder, juice, oyster sauce, chicken and seafood sauce, lemon tea, herbal tea, and other drinks. The company sells its products under the brand names of Golden eagle, Jufangyong, Gutan, Fuhai tong, Mitsui, Shenbao and others. It focuses on tea industry development, established industrial chain involving tea cultivation, purified tea, tea extract, tea cultural experience, e-commerce, tea trading platform, and finance. The company is also engaged in grain and oil processing and sale of flour, rice, cooking oil and other products.

Shenzhen Cereals Holdings Co (SZSE:000019) Headlines

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