Ligao Foods Co (SZSE:300973) Days Payable : 35.53 (As of Mar. 2024)

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What is Ligao Foods Co Days Payable?

Ligao Foods Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥240 Mil. Ligao Foods Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥618 Mil. Hence, Ligao Foods Co's Days Payable for the three months ended in Mar. 2024 was 35.53.

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

SZSE:300973' s Days Payable Range Over the Past 10 Years
Min: 37.45 Med: 46.94 Max: 53.78
Current: 40.68

During the past 7 years, Ligao Foods Co's highest Days Payable was 53.78. The lowest was 37.45. And the median was 46.94.

SZSE:300973's Days Payable is ranked worse than
56.69% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs SZSE:300973: 40.68

Ligao Foods Co's Days Payable declined from Mar. 2023 (54.40) to Mar. 2024 (35.53). It may suggest that Ligao Foods Co accelerated paying its suppliers.

Ligao Foods Co Days Payable Historical Data

The historical data trend for Ligao Foods 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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Ligao Foods Co Days Payable Chart

Ligao Foods Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.97

42.41

37.45

53.78

46.64

Ligao Foods Co Quarterly Data
	Dec18	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															54.40	45.08	42.87	42.47	35.53

Competitive Comparison of Ligao Foods Co's Days Payable

For the Packaged Foods subindustry, Ligao Foods 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.

Ligao Foods Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ligao Foods Co's Days Payable distribution charts can be found below:

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

Ligao Foods 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.

Ligao Foods 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
=	( (349.545	+	264.028)	/	2 )	/	2400.774	*	365
=	306.7865					/	2400.774	*	365
=	46.64

Ligao Foods 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
=	( (264.028	+	216.952)	/	2 )	/	617.598	*	365 / 4
=	240.49					/	617.598	*	365 / 4
=	35.53

Ligao Foods Co Days Payable Related Terms

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Ligao Foods Co (SZSE:300973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ligao Foods Co Ltd (SZSE:300973) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Pingling Industrial Zone, Shitan Town Industrial Park, Zengcheng, Guangdong Province, Guangzhou, CHN, 510420

Website

http://www.ligaofoods.com

Ligao Foods Co Ltd is engaged in the production and sales of bakery food raw materials. The company's product range covers baking, beverages, snack foods, frozen semi-finished products and other fields.

Ligao Foods Co (SZSE:300973) Headlines

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