Qianhe Condiment and Food Co (SHSE:603027) Days Payable : 31.81 (As of Mar. 2024)

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What is Qianhe Condiment and Food Co Days Payable?

Qianhe Condiment and Food Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥200 Mil. Qianhe Condiment and Food Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥573 Mil. Hence, Qianhe Condiment and Food Co's Days Payable for the three months ended in Mar. 2024 was 31.81.

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

SHSE:603027' s Days Payable Range Over the Past 10 Years
Min: 25 Med: 39.04 Max: 61.81
Current: 32.16

During the past 13 years, Qianhe Condiment and Food Co's highest Days Payable was 61.81. The lowest was 25.00. And the median was 39.04.

SHSE:603027's Days Payable is ranked worse than
68.31% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 46.12 vs SHSE:603027: 32.16

Qianhe Condiment and Food Co's Days Payable declined from Mar. 2023 (35.90) to Mar. 2024 (31.81). It may suggest that Qianhe Condiment and Food Co accelerated paying its suppliers.

Qianhe Condiment and Food Co Days Payable Historical Data

The historical data trend for Qianhe Condiment and Food 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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Qianhe Condiment and Food Co Days Payable Chart

Qianhe Condiment and Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.21

29.73

25.00

32.89

34.89

Qianhe Condiment and Food 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															35.90	35.82	28.99	29.32	31.81

Competitive Comparison of Qianhe Condiment and Food Co's Days Payable

For the Packaged Foods subindustry, Qianhe Condiment and Food 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.

Qianhe Condiment and Food Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Qianhe Condiment and Food Co's Days Payable falls into.

Qianhe Condiment and Food 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.

Qianhe Condiment and Food 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
=	( (192.971	+	192.412)	/	2 )	/	2015.592	*	365
=	192.6915					/	2015.592	*	365
=	34.89

Qianhe Condiment and Food 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
=	( (192.412	+	207.054)	/	2 )	/	572.91	*	365 / 4
=	199.733					/	572.91	*	365 / 4
=	31.81

Qianhe Condiment and Food Co Days Payable Related Terms

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Qianhe Condiment and Food Co (SHSE:603027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Qianhe Condiment and Food Co Ltd (SHSE:603027) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

South China Min Hongjiadu, Dongpo District, Sichuan, Meishan, CHN

Website

http://www.qianhefood.com

Qianhe Condiment and Food Co Ltd manufacture and sells various food additives in China. It provides soy sauce, rice vinegar and wine, onion ginger and cooking wine, and other spices.

Executives

He Tian Kui	Directors, senior managers
Lv Ke Lin	senior management
Xu Yi	Directors, senior managers
Huang Gang	Directors, senior managers
Wu Jian Yong	Director
Wu Chao Qun	Director
Liu De Hua	Director
Cao Hong	Director
Hu Gao Hong	Director
Wu Xue Ming	Director

Qianhe Condiment and Food Co (SHSE:603027) Headlines

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