Lancy Co (SZSE:002612) Days Payable : 41.17 (As of Mar. 2024)

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What is Lancy Co Days Payable?

Lancy Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥256 Mil. Lancy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥566 Mil. Hence, Lancy Co's Days Payable for the three months ended in Mar. 2024 was 41.17.

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

SZSE:002612' s Days Payable Range Over the Past 10 Years
Min: 38.74 Med: 46.8 Max: 69.85
Current: 38.74

During the past 13 years, Lancy Co's highest Days Payable was 69.85. The lowest was 38.74. And the median was 46.80.

SZSE:002612's Days Payable is ranked worse than
66.47% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs SZSE:002612: 38.74

Lancy Co's Days Payable increased from Mar. 2023 (39.28) to Mar. 2024 (41.17). It may suggest that Lancy Co delayed paying its suppliers.

Lancy Co Days Payable Historical Data

The historical data trend for Lancy 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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Lancy Co Days Payable Chart

Lancy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.60

46.64

46.96

52.24

42.81

Lancy 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															39.28	45.87	32.49	38.24	41.17

Competitive Comparison of Lancy Co's Days Payable

For the Apparel Manufacturing subindustry, Lancy 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.

Lancy Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lancy Co's Days Payable distribution charts can be found below:

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

Lancy 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.

Lancy 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
=	( (251.016	+	262.698)	/	2 )	/	2189.765	*	365
=	256.857					/	2189.765	*	365
=	42.81

Lancy 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
=	( (262.698	+	248.312)	/	2 )	/	566.358	*	365 / 4
=	255.505					/	566.358	*	365 / 4
=	41.17

Lancy Co Days Payable Related Terms

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Lancy Co (SZSE:002612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lancy Co Ltd (SZSE:002612) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Da Jiaoting South Street, No.27 West Dawang Road, 8th Floor, Lancy Building, No.1, 3rd Yard, Chaoyang District, Beijing, CHN, 100022

Website

http://www.lancygroup.com

Lancy Co Ltd. is a China-based company operating in the fashion industry. It is principally engaged in the design, manufacture and distribution of women's apparel. It also offers infants' and kids' wear, medical cosmetology and cosmetics. Some of the company's brands are LANCY FROM25, MOJO.S.PHINE, LIME FLARE, JIGOTT, liaalancy, FABIANA, FILIPPI and DeWL.

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