Jiugui Liquor Co (SZSE:000799) Days Payable : 222.09 (As of Mar. 2024)

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What is Jiugui Liquor Co Days Payable?

Jiugui Liquor Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥348 Mil. Jiugui Liquor Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥143 Mil. Hence, Jiugui Liquor Co's Days Payable for the three months ended in Mar. 2024 was 222.09.

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

SZSE:000799' s Days Payable Range Over the Past 10 Years
Min: 105.26 Med: 135.49 Max: 242
Current: 196.26

During the past 13 years, Jiugui Liquor Co's highest Days Payable was 242.00. The lowest was 105.26. And the median was 135.49.

SZSE:000799's Days Payable is ranked better than
85.37% of 205 companies
in the Beverages - Alcoholic industry
Industry Median: 80.27 vs SZSE:000799: 196.26

Jiugui Liquor Co's Days Payable increased from Mar. 2023 (191.91) to Mar. 2024 (222.09). It may suggest that Jiugui Liquor Co delayed paying its suppliers.

Jiugui Liquor Co Days Payable Historical Data

The historical data trend for Jiugui 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.

Jiugui Liquor Co Days Payable Chart

Jiugui Liquor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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113.44

131.50

121.51

163.79

242.00

Jiugui 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															191.91	208.92	171.91	182.26	222.09

Competitive Comparison of Jiugui Liquor Co's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Jiugui 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.

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

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

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

Jiugui 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.

Jiugui 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
=	( (442.446	+	369.968)	/	2 )	/	612.659	*	365
=	406.207					/	612.659	*	365
=	242.00

Jiugui 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
=	( (369.968	+	325.331)	/	2 )	/	142.841	*	365 / 4
=	347.6495					/	142.841	*	365 / 4
=	222.09

Jiugui Liquor Co Days Payable Related Terms

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Jiugui Liquor Co (SZSE:000799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiugui Liquor Co Ltd (SZSE:000799) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Luohe Street, Zhenwuying Village, Hunan province, Jishou, CHN, 410015

Website

http://www.jiuguijiu000799.com

Located in western Hunan province, Jiugui Liquor is a typical "Fuyu" flavor baijiu that is characterized with its special culture in both brewing technique and product packaging. The company's product portfolio ranges from low to subpremium segments, with the key products Neican, Jiugui, and Xiangquan respectively contributing 29%, 56% and 15% of total sales revenue in 2022. China National Cereals, Oils and Foodstuffs Corporation, commonly known as Cofco, is the controlling shareholder, with a 15.5% equity stake as of December 2022.

Jiugui Liquor Co (SZSE:000799) Headlines

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