China Foods Holdings (China Foods Holdings) Days Payable : 1.11 (As of Dec. 2023)

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What is China Foods Holdings Days Payable?

China Foods Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $0.00 Mil. China Foods Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.08 Mil. Hence, China Foods Holdings's Days Payable for the three months ended in Dec. 2023 was 1.11.

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

CFOO' s Days Payable Range Over the Past 10 Years
Min: 4.9 Med: 17.98 Max: 31.06
Current: 12.94

During the past 13 years, China Foods Holdings's highest Days Payable was 31.06. The lowest was 4.90. And the median was 17.98.

CFOO's Days Payable is ranked worse than
93.23% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.6 vs CFOO: 12.94

China Foods Holdings's Days Payable declined from Dec. 2022 (4.22) to Dec. 2023 (1.11). It may suggest that China Foods Holdings accelerated paying its suppliers.

China Foods Holdings Days Payable Historical Data

The historical data trend for China Foods Holdings'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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China Foods Holdings Days Payable Chart

China Foods Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

4.90

23.93

12.02

31.06

China Foods Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															4.22	81.11	45.63	91.25	1.11

Competitive Comparison of China Foods Holdings's Days Payable

For the Packaged Foods subindustry, China Foods Holdings'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.

China Foods Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where China Foods Holdings's Days Payable falls into.

China Foods Holdings 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.

China Foods Holdings'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
=	( (0.008	+	0)	/	1 )	/	0.094	*	365
=	0.008					/	0.094	*	365
=	31.06

China Foods Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.001	+	0)	/	1 )	/	0.082	*	365 / 4
=	0.001					/	0.082	*	365 / 4
=	1.11

China Foods Holdings Days Payable Related Terms

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China Foods Holdings (China Foods Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Foods Holdings Ltd (OTCPK:CFOO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 2301A, China Resources Building, Wanchai, Hong Kong, HKG

Website

China Foods Holdings Ltd is a healthcare product distributing and marketing industry, developing and distributing health related products, including supplements, across the globe with a focus on mainland China, Europe and Australia. Its health products are designed to help enhance immunity and improve general wellbeing. The company has two segments; the Healthcare segment and the Wine segment. The healthcare segment mainly provides health consulting advisory services and healthcare and wellness products, such as Nutrition Catering, Special Health Food, Health supplements, and Skincare. The wine segment involves the sale of wine products. The majority of the company's revenue is generated from the Healthcare segment.

Executives

Xiao Jun Kong	director, 10 percent owner, officer: CEO and CFO	SHUI ON CENTRE, 6-8 HARBOUR RD. UNIT 906 9/F WANCHAI K3 0000
Cheng-ni Hu	director	28 MACHANG ROAD TIANHE DISTRICT GUANGZHOU F4 510000
Yang Liu	director	EVERBRITE CENTRE SUITE 3102 108 GLOUCESTER ROAD HONG KONG K3 00000
Yunsi Liu	director, officer: President	EVERBRITE CENTRE SUITE 3102 108 GLOUCESTER ROAD HONG KONG K3 00000
Hy (hk) Financial Investments Co., Ltd.	10 percent owner	SHUI ON CENTRE, 6-8 HARBOUR RD. UNIT 906 9/F WANCHAI K3 0000
Sean Escobar	director, officer: Vice President	10344 SOUTH SILVER WILLOW DRIVE SANDY UT 84070
Anthony B Escobar	director, 10 percent owner, officer: President	PO BOX 2017 SANDY UT 84091-2017
Anthony P Coletti	director, officer: Chief Accounting Officer	3032 WEST HARPER PEAK COURT SOUTH JORDAN UT 84095

China Foods Holdings (China Foods Holdings) Headlines

From GuruFocus

China Foods Holdings (CFOO) CEO and CFO Xiao Jun Kong Bought $4.5 million of Shares

By [email protected] insider • 07-10-2020