Jiangsu Yanghe Brewery JSC (SZSE:002304) Days Payable : 35.41 (As of Mar. 2024)

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What is Jiangsu Yanghe Brewery JSC Days Payable?

Jiangsu Yanghe Brewery JSC's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,512 Mil. Jiangsu Yanghe Brewery JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,895 Mil. Hence, Jiangsu Yanghe Brewery JSC's Days Payable for the three months ended in Mar. 2024 was 35.41.

The historical rank and industry rank for Jiangsu Yanghe Brewery JSC's Days Payable or its related term are showing as below:

SZSE:002304' s Days Payable Range Over the Past 10 Years
Min: 56.43 Med: 77.02 Max: 167.59
Current: 56.43

During the past 13 years, Jiangsu Yanghe Brewery JSC's highest Days Payable was 167.59. The lowest was 56.43. And the median was 77.02.

SZSE:002304's Days Payable is ranked worse than
67% of 203 companies
in the Beverages - Alcoholic industry
Industry Median: 80.27 vs SZSE:002304: 56.43

Jiangsu Yanghe Brewery JSC's Days Payable increased from Mar. 2023 (34.79) to Mar. 2024 (35.41). It may suggest that Jiangsu Yanghe Brewery JSC delayed paying its suppliers.

Jiangsu Yanghe Brewery JSC Days Payable Historical Data

The historical data trend for Jiangsu Yanghe Brewery JSC'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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Jiangsu Yanghe Brewery JSC Days Payable Chart

Jiangsu Yanghe Brewery JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.39

77.42

76.61

68.04

62.36

Jiangsu Yanghe Brewery JSC 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															34.79	66.55	49.54	134.61	35.41

Competitive Comparison of Jiangsu Yanghe Brewery JSC's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Jiangsu Yanghe Brewery JSC'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.

Jiangsu Yanghe Brewery JSC's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Jiangsu Yanghe Brewery JSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Yanghe Brewery JSC's Days Payable falls into.

Jiangsu Yanghe Brewery JSC 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.

Jiangsu Yanghe Brewery JSC'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
=	( (1376.21	+	1425.874)	/	2 )	/	8200.246	*	365
=	1401.042					/	8200.246	*	365
=	62.36

Jiangsu Yanghe Brewery JSC'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
=	( (1425.874	+	1597.761)	/	2 )	/	3895.498	*	365 / 4
=	1511.8175					/	3895.498	*	365 / 4
=	35.41

Jiangsu Yanghe Brewery JSC Days Payable Related Terms

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Jiangsu Yanghe Brewery JSC (SZSE:002304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiangsu Yanghe Brewery JSC Ltd (SZSE:002304) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 118 Middle Avenue, Yanghe Town, Jiangsu Province, Suqian, CHN, 223800

Website

https://www.chinayanghe.com

Jiangsu Yanghe Brewery, founded in 2002, manufactures and markets baijiu (a distilled Chinese liquor) under the Yanghe, Shuanggou, and Sujiu brands. Yanghe's key products include the Blue Classic series, which accounted for about 80% of total sales, such as premium Dream Blue, mid- to high-end Sky Blue, and mass-market Ocean Blue. The company achieved revenue of CNY 30 billion in 2022, with half of sales from the non-Jiangsu market, leveraging its more than 8,000 distributors across China.

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