Dalian Friendship (Group) Co (SZSE:000679) Days Payable : 148.64 (As of Mar. 2024)

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What is Dalian Friendship (Group) Co Days Payable?

Dalian Friendship (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥48.5 Mil. Dalian Friendship (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥29.8 Mil. Hence, Dalian Friendship (Group) Co's Days Payable for the three months ended in Mar. 2024 was 148.64.

The historical rank and industry rank for Dalian Friendship (Group) Co's Days Payable or its related term are showing as below:

SZSE:000679' s Days Payable Range Over the Past 10 Years
Min: 92.25 Med: 151.61 Max: 430.48
Current: 158.27

During the past 13 years, Dalian Friendship (Group) Co's highest Days Payable was 430.48. The lowest was 92.25. And the median was 151.61.

SZSE:000679's Days Payable is ranked better than
87.79% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs SZSE:000679: 158.27

Dalian Friendship (Group) Co's Days Payable increased from Mar. 2023 (138.56) to Mar. 2024 (148.64). It may suggest that Dalian Friendship (Group) Co delayed paying its suppliers.

Dalian Friendship (Group) Co Days Payable Historical Data

The historical data trend for Dalian Friendship (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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Dalian Friendship (Group) Co Days Payable Chart

Dalian Friendship (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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150.85

430.48

182.94

188.10

152.36

Dalian Friendship (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															138.56	156.60	167.94	173.60	148.64

Competitive Comparison of Dalian Friendship (Group) Co's Days Payable

For the Department Stores subindustry, Dalian Friendship (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.

Dalian Friendship (Group) Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dalian Friendship (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Dalian Friendship (Group) Co's Days Payable falls into.

Dalian Friendship (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.

Dalian Friendship (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
=	( (46.861	+	52.921)	/	2 )	/	119.524	*	365
=	49.891					/	119.524	*	365
=	152.36

Dalian Friendship (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
=	( (52.921	+	44.159)	/	2 )	/	29.799	*	365 / 4
=	48.54					/	29.799	*	365 / 4
=	148.64

Dalian Friendship (Group) Co Days Payable Related Terms

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Dalian Friendship (Group) Co (SZSE:000679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dalian Friendship (Group) Co Ltd (SZSE:000679) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1 Qiyi Street, Zhongshan District, Liaoning, Dalian, CHN, 116001

Website

http://www.dlyy.com.cn

Dalian Friendship (Group) Co Ltd is a large-scale comprehensive trading enterprise group that is mainly engaged in retail department stores, hotel management and real estate development.

Executives

Ding Zheng Yi	Executives
Dong Rui Guo	Supervisors

Dalian Friendship (Group) Co (SZSE:000679) Headlines

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