Yuan Longping High-tech Agriculture Co (SZSE:000998) Days Payable : 102.97 (As of Mar. 2024)

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What is Yuan Longping High-tech Agriculture Co Days Payable?

Yuan Longping High-tech Agriculture Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,431 Mil. Yuan Longping High-tech Agriculture Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,268 Mil. Hence, Yuan Longping High-tech Agriculture Co's Days Payable for the three months ended in Mar. 2024 was 102.97.

The historical rank and industry rank for Yuan Longping High-tech Agriculture Co's Days Payable or its related term are showing as below:

SZSE:000998' s Days Payable Range Over the Past 10 Years
Min: 47.89 Med: 92.49 Max: 132.37
Current: 47.89

During the past 13 years, Yuan Longping High-tech Agriculture Co's highest Days Payable was 132.37. The lowest was 47.89. And the median was 92.49.

SZSE:000998's Days Payable is ranked better than
52.46% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs SZSE:000998: 47.89

Yuan Longping High-tech Agriculture Co's Days Payable increased from Mar. 2023 (76.71) to Mar. 2024 (102.97). It may suggest that Yuan Longping High-tech Agriculture Co delayed paying its suppliers.

Yuan Longping High-tech Agriculture Co Days Payable Historical Data

The historical data trend for Yuan Longping High-tech 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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Yuan Longping High-tech Agriculture Co Days Payable Chart

Yuan Longping High-tech Agriculture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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114.80

89.24

71.55

76.38

95.73

Yuan Longping High-tech 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															76.71	3,891.20	166.00	19.18	102.97

Competitive Comparison of Yuan Longping High-tech Agriculture Co's Days Payable

For the Farm Products subindustry, Yuan Longping High-tech 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.

Yuan Longping High-tech Agriculture Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Yuan Longping High-tech Agriculture Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Yuan Longping High-tech Agriculture Co's Days Payable falls into.

Yuan Longping High-tech 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.

Yuan Longping High-tech 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
=	( (1437.034	+	1477.296)	/	2 )	/	5555.72	*	365
=	1457.165					/	5555.72	*	365
=	95.73

Yuan Longping High-tech 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
=	( (1477.296	+	1385.137)	/	2 )	/	1268.268	*	365 / 4
=	1431.2165					/	1268.268	*	365 / 4
=	102.97

Yuan Longping High-tech Agriculture Co Days Payable Related Terms

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Yuan Longping High-tech Agriculture Co (SZSE:000998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yuan Longping High-tech Agriculture Co Ltd (SZSE:000998) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.459 Chezhan(N)Road, Securities Building, Hunan Province, Changsha, CHN, 410001

Website

http://www.lpht.com.cn

Yuan Longping High-tech Agriculture Co Ltd is a China-based company engaged in the research, production, and sale of seeds, hybrid rice, pepper, corn, cotton, and vegetables. In addition, the company also provides agricultural services like precision planting technology, new professional peasant training, quality grain trading platform, cultivated land rehabilitation and development, brand agriculture and agricultural finance. The company creates an agricultural integrated service platform by including peasants, dealers and other means of agricultural production, finance, and other partners into the integrated service ecological circle.

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