Lafang China Co (SHSE:603630) Days Payable : 68.68 (As of Mar. 2024)

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What is Lafang China Co Days Payable?

Lafang China Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥91.9 Mil. Lafang China Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥122.1 Mil. Hence, Lafang China Co's Days Payable for the three months ended in Mar. 2024 was 68.68.

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

SHSE:603630' s Days Payable Range Over the Past 10 Years
Min: 58.1 Med: 72.05 Max: 104.92
Current: 71.91

During the past 12 years, Lafang China Co's highest Days Payable was 104.92. The lowest was 58.10. And the median was 72.05.

SHSE:603630's Days Payable is ranked better than
71.64% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs SHSE:603630: 71.91

Lafang China Co's Days Payable declined from Mar. 2023 (76.77) to Mar. 2024 (68.68). It may suggest that Lafang China Co accelerated paying its suppliers.

Lafang China Co Days Payable Historical Data

The historical data trend for Lafang China 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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Lafang China Co Days Payable Chart

Lafang China Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.15

63.72

67.09

75.25

73.94

Lafang China 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															76.77	81.44	65.65	70.34	68.68

Competitive Comparison of Lafang China Co's Days Payable

For the Household & Personal Products subindustry, Lafang China 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.

Lafang China Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Lafang China Co's Days Payable falls into.

Lafang China 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.

Lafang China 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
=	( (97.398	+	84.331)	/	2 )	/	448.542	*	365
=	90.8645					/	448.542	*	365
=	73.94

Lafang China 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
=	( (84.331	+	99.449)	/	2 )	/	122.084	*	365 / 4
=	91.89					/	122.084	*	365 / 4
=	68.68

Lafang China Co Days Payable Related Terms

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Lafang China Co (SHSE:603630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lafang China Co Ltd (SHSE:603630) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinqing Road, National Highway 324, Lafang Industrial City, Guangdong Province, Chaonan District, Shantou, CHN, 515146

Website

http://www.laf.cn

Lafang China Co Ltd is a China based company operating in the domestic personal care industry. It offers various products in the areas of shampoo and hair care, cleansing and bathing, skin care and oral care. Some of the company's brands are Lafang, Meduosi, Yujie and Shengfeng.

Executives

Wu Gui Qian	Director
Lin Chan Zhen	Supervisors

Lafang China Co (SHSE:603630) Headlines

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