Shanghai Ziyan Foods Co (SHSE:603057) Days Payable : 18.32 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Shanghai Ziyan Foods Co Days Payable?

Shanghai Ziyan Foods Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥110 Mil. Shanghai Ziyan Foods Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥550 Mil. Hence, Shanghai Ziyan Foods Co's Days Payable for the three months ended in Mar. 2024 was 18.32.

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

SHSE:603057' s Days Payable Range Over the Past 10 Years
Min: 16.2 Med: 21.65 Max: 24.09
Current: 22.21

During the past 6 years, Shanghai Ziyan Foods Co's highest Days Payable was 24.09. The lowest was 16.20. And the median was 21.65.

SHSE:603057's Days Payable is ranked worse than
80.29% of 340 companies
in the Restaurants industry
Industry Median: 38.19 vs SHSE:603057: 22.21

Shanghai Ziyan Foods Co's Days Payable declined from Mar. 2023 (24.60) to Mar. 2024 (18.32). It may suggest that Shanghai Ziyan Foods Co accelerated paying its suppliers.

Shanghai Ziyan Foods Co Days Payable Historical Data

The historical data trend for Shanghai Ziyan 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.

* Premium members only.

Shanghai Ziyan Foods Co Days Payable Chart

Shanghai Ziyan Foods Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

22.98

23.73

20.31

18.50

16.20

Shanghai Ziyan Foods Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										24.60	21.31	25.49	24.20	18.32

Competitive Comparison of Shanghai Ziyan Foods Co's Days Payable

For the Restaurants subindustry, Shanghai Ziyan 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.

Shanghai Ziyan Foods Co's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Shanghai Ziyan Foods Co's Days Payable distribution charts can be found below:

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

Shanghai Ziyan 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.

Shanghai Ziyan 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
=	( (158.397	+	86.015)	/	2 )	/	2752.708	*	365
=	122.206					/	2752.708	*	365
=	16.20

Shanghai Ziyan 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
=	( (86.015	+	134.691)	/	2 )	/	549.518	*	365 / 4
=	110.353					/	549.518	*	365 / 4
=	18.32

Shanghai Ziyan Foods Co Days Payable Related Terms

Thank you for viewing the detailed overview of Shanghai Ziyan Foods Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Ziyan Foods Co (SHSE:603057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Shanghai Ziyan Foods Co Ltd (SHSE:603057) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 215, Shennan Road, Minhang District, Shanghai, CHN, 201108

Website

https://www.ziyanfoods.com

Shanghai Ziyan Foods Co Ltd is engaged in the research and development, production and sales of braised food.

Shanghai Ziyan Foods Co (SHSE:603057) Headlines

No Headlines