Kuaijishan Shaoxing Rice Wine Co (SHSE:601579) Days Payable : 182.78 (As of Mar. 2024)

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What is Kuaijishan Shaoxing Rice Wine Co Days Payable?

Kuaijishan Shaoxing Rice Wine Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥406 Mil. Kuaijishan Shaoxing Rice Wine Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥203 Mil. Hence, Kuaijishan Shaoxing Rice Wine Co's Days Payable for the three months ended in Mar. 2024 was 182.78.

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

SHSE:601579' s Days Payable Range Over the Past 10 Years
Min: 160.86 Med: 197.23 Max: 302.98
Current: 160.86

During the past 13 years, Kuaijishan Shaoxing Rice Wine Co's highest Days Payable was 302.98. The lowest was 160.86. And the median was 197.23.

SHSE:601579's Days Payable is ranked better than
77.45% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 80.985 vs SHSE:601579: 160.86

Kuaijishan Shaoxing Rice Wine Co's Days Payable increased from Mar. 2023 (171.99) to Mar. 2024 (182.78). It may suggest that Kuaijishan Shaoxing Rice Wine Co delayed paying its suppliers.

Kuaijishan Shaoxing Rice Wine Co Days Payable Historical Data

The historical data trend for Kuaijishan Shaoxing Rice Wine 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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Kuaijishan Shaoxing Rice Wine Co Days Payable Chart

Kuaijishan Shaoxing Rice Wine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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302.98

258.04

174.22

184.91

203.45

Kuaijishan Shaoxing Rice Wine 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															171.99	175.46	134.28	148.02	182.78

Competitive Comparison of Kuaijishan Shaoxing Rice Wine Co's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Kuaijishan Shaoxing Rice Wine 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.

Kuaijishan Shaoxing Rice Wine Co's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Kuaijishan Shaoxing Rice Wine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Kuaijishan Shaoxing Rice Wine Co's Days Payable falls into.

Kuaijishan Shaoxing Rice Wine 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.

Kuaijishan Shaoxing Rice Wine 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
=	( (389.486	+	445.403)	/	2 )	/	748.928	*	365
=	417.4445					/	748.928	*	365
=	203.45

Kuaijishan Shaoxing Rice Wine 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
=	( (445.403	+	367.174)	/	2 )	/	202.831	*	365 / 4
=	406.2885					/	202.831	*	365 / 4
=	182.78

Kuaijishan Shaoxing Rice Wine Co Days Payable Related Terms

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Kuaijishan Shaoxing Rice Wine Co (SHSE:601579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Kuaijishan Shaoxing Rice Wine Co Ltd (SHSE:601579) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1053, Jianhu Road, Keqiao District, Zhejiang, Shaoxing, CHN

Website

http://www.kuaijishanwine.com/

Kuaijishan Shaoxing Rice Wine Co Ltd produces and sells rice wine in China. The company provides its products under the brand name of Huijishan. It distributes its products within domestic market and to overseas markets, including Japan, Singapore, Hong Kong, Macau, and others.

Executives

Gao Jian

Director

Kuaijishan Shaoxing Rice Wine Co (SHSE:601579) Headlines

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