Beijing Shunxin Agriculture Co (SZSE:000860) Days Payable : 30.70 (As of Mar. 2024)

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What is Beijing Shunxin Agriculture Co Days Payable?

Beijing Shunxin Agriculture Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥858 Mil. Beijing Shunxin Agriculture Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,550 Mil. Hence, Beijing Shunxin Agriculture Co's Days Payable for the three months ended in Mar. 2024 was 30.70.

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

SZSE:000860' s Days Payable Range Over the Past 10 Years
Min: 9.07 Med: 26.66 Max: 65.69
Current: 50.96

During the past 13 years, Beijing Shunxin Agriculture Co's highest Days Payable was 65.69. The lowest was 9.07. And the median was 26.66.

SZSE:000860's Days Payable is ranked worse than
69.12% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 79.59 vs SZSE:000860: 50.96

Beijing Shunxin Agriculture Co's Days Payable declined from Mar. 2023 (53.16) to Mar. 2024 (30.70). It may suggest that Beijing Shunxin Agriculture Co accelerated paying its suppliers.

Beijing Shunxin Agriculture Co Days Payable Historical Data

The historical data trend for Beijing Shunxin Agriculture 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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Beijing Shunxin Agriculture Co Days Payable Chart

Beijing Shunxin Agriculture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

10.12

9.07

25.81

65.69

64.29

Beijing Shunxin Agriculture 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															53.16	66.59	45.53	81.78	30.70

Competitive Comparison of Beijing Shunxin Agriculture Co's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Beijing Shunxin Agriculture 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.

Beijing Shunxin Agriculture Co's Days Payable Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where Beijing Shunxin Agriculture Co's Days Payable falls into.

Beijing Shunxin Agriculture 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.

Beijing Shunxin Agriculture 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
=	( (1637.213	+	907.441)	/	2 )	/	7223.962	*	365
=	1272.327					/	7223.962	*	365
=	64.29

Beijing Shunxin Agriculture 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
=	( (907.441	+	808.27)	/	2 )	/	2549.673	*	365 / 4
=	857.8555					/	2549.673	*	365 / 4
=	30.70

Beijing Shunxin Agriculture Co Days Payable Related Terms

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Beijing Shunxin Agriculture Co (SZSE:000860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Beijing Shunxin Agriculture Co Ltd (SZSE:000860) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Zhan Qian Street (South), Shunyi District, Beijing, Beijing, CHN, 101300

Website

http://www.000860.com

Beijing Shunxin Agriculture Co Ltd is mainly engaged in bio brewing, meat processing, agricultural products, real estate, environment protection, water conservancy and ecological construction. Geographically the business activities are functioned through China.

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