Toly Bread Co (SHSE:603866) Days Payable : 42.56 (As of Mar. 2024)

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What is Toly Bread Co Days Payable?

Toly Bread Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥502 Mil. Toly Bread Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,077 Mil. Hence, Toly Bread Co's Days Payable for the three months ended in Mar. 2024 was 42.56.

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

SHSE:603866' s Days Payable Range Over the Past 10 Years
Min: 28.15 Med: 35.13 Max: 39.2
Current: 36.71

During the past 13 years, Toly Bread Co's highest Days Payable was 39.20. The lowest was 28.15. And the median was 35.13.

SHSE:603866's Days Payable is ranked worse than
59.42% of 308 companies
in the Retail - Defensive industry
Industry Median: 43.465 vs SHSE:603866: 36.71

Toly Bread Co's Days Payable increased from Mar. 2023 (41.08) to Mar. 2024 (42.56). It may suggest that Toly Bread Co delayed paying its suppliers.

Toly Bread Co Days Payable Historical Data

The historical data trend for Toly Bread 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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Toly Bread Co Days Payable Chart

Toly Bread Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.20

35.55

35.08

37.27

37.89

Toly Bread 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															41.08	33.29	35.87	40.05	42.56

Competitive Comparison of Toly Bread Co's Days Payable

For the Grocery Stores subindustry, Toly Bread 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.

Toly Bread Co's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Toly Bread Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Toly Bread Co's Days Payable falls into.

Toly Bread 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.

Toly Bread 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
=	( (539.482	+	543.896)	/	2 )	/	5218.511	*	365
=	541.689					/	5218.511	*	365
=	37.89

Toly Bread 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
=	( (543.896	+	460.369)	/	2 )	/	1076.568	*	365 / 4
=	502.1325					/	1076.568	*	365 / 4
=	42.56

Toly Bread Co Days Payable Related Terms

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Toly Bread Co (SHSE:603866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Toly Bread Co Ltd (SHSE:603866) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 176, Clove Street, Liaoning Province, Sujiatun District, Shenyang, CHN

Website

http://www.tolybread.cn

Toly Bread Co Ltd is a China-based company engaged in the production, processing, and sale of baked goods such as bread, cakes, moon cakes, and dumplings. Its products portfolio includes peach and plum, peach bread and peach moon cake.

Toly Bread Co (SHSE:603866) Headlines

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