DDC Enterprise (DDC Enterprise) Days Payable : 31.44 (As of Sep. 2023)

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What is DDC Enterprise Days Payable?

DDC Enterprise's average Accounts Payable for the three months ended in Sep. 2023 was $2.69 Mil. DDC Enterprise's Cost of Goods Sold for the three months ended in Sep. 2023 was $7.80 Mil. Hence, DDC Enterprise's Days Payable for the three months ended in Sep. 2023 was 31.44.

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

DDC' s Days Payable Range Over the Past 10 Years
Min: 35.73 Med: 38.53 Max: 50.18
Current: 39.62

During the past 3 years, DDC Enterprise's highest Days Payable was 50.18. The lowest was 35.73. And the median was 38.53.

DDC's Days Payable is ranked worse than
57.64% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs DDC: 39.62

DDC Enterprise's Days Payable increased from Sep. 2022 (0.00) to Sep. 2023 (31.44). It may suggest that DDC Enterprise delayed paying its suppliers.

DDC Enterprise Days Payable Historical Data

The historical data trend for DDC Enterprise'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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DDC Enterprise Days Payable Chart

DDC Enterprise Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

38.53

35.73

50.18

DDC Enterprise Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial				-	48.26	43.23	44.94	31.44

Competitive Comparison of DDC Enterprise's Days Payable

For the Packaged Foods subindustry, DDC Enterprise'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.

DDC Enterprise's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where DDC Enterprise's Days Payable falls into.

DDC Enterprise 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.

DDC Enterprise's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.905	+	2.445)	/	2 )	/	19.458	*	365
=	2.675					/	19.458	*	365
=	50.18

DDC Enterprise's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2.689	+	0)	/	1 )	/	7.804	*	365 / 4
=	2.689					/	7.804	*	365 / 4
=	31.44

DDC Enterprise Days Payable Related Terms

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DDC Enterprise (DDC Enterprise) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DDC Enterprise Ltd (AMEX:DDC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

233 Hollywood Road, Room 1601-1602, 16th Floor, Hollywood Centre, Sheung Wan, HKG

Website

https://www.daydaycook.com.cn

DDC Enterprise Ltd is a content driven consumer brand offering easy, convenient ready-to-heat , ready-to-cook and plant-based meal products i.e. meal products consisting largely or solely of vegetables, fruits, grains and other foods derived from plant-based protein, rather than animal protein) while promoting healthier lifestyle choices to Millennial and Generation Z customer-base. It is also engaged in the provision of advertising services and the operation of experience stores to offer cooking classes.