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New Hope Liuhe Co (SZSE:000876) Days Payable : 60.63 (As of Mar. 2024)


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What is New Hope Liuhe Co Days Payable?

New Hope Liuhe Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥16,353 Mil. New Hope Liuhe Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥24,610 Mil. Hence, New Hope Liuhe Co's Days Payable for the three months ended in Mar. 2024 was 60.63.

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

SZSE:000876' s Days Payable Range Over the Past 10 Years
Min: 12.63   Med: 23.45   Max: 43.78
Current: 43.78

During the past 13 years, New Hope Liuhe Co's highest Days Payable was 43.78. The lowest was 12.63. And the median was 23.45.

SZSE:000876's Days Payable is ranked worse than
52.38% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs SZSE:000876: 43.78

New Hope Liuhe Co's Days Payable increased from Mar. 2023 (36.32) to Mar. 2024 (60.63). It may suggest that New Hope Liuhe Co delayed paying its suppliers.


New Hope Liuhe Co Days Payable Historical Data

The historical data trend for New Hope Liuhe 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.

New Hope Liuhe Co Days Payable Chart

New Hope Liuhe Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.82 29.02 28.92 32.99 40.96

New Hope Liuhe 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.32 35.81 40.65 46.38 60.63

Competitive Comparison of New Hope Liuhe Co's Days Payable

For the Farm Products subindustry, New Hope Liuhe 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.


New Hope Liuhe Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where New Hope Liuhe Co's Days Payable falls into.



New Hope Liuhe 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.

New Hope Liuhe 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
=( (14297.61 + 16631.692) / 2 ) / 137804.076*365
=15464.651 / 137804.076*365
=40.96

New Hope Liuhe 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
=( (16631.692 + 16073.379) / 2 ) / 24609.742*365 / 4
=16352.5355 / 24609.742*365 / 4
=60.63

* 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.


New Hope Liuhe Co Days Payable Related Terms

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New Hope Liuhe Co (SZSE:000876) Business Description

Traded in Other Exchanges
N/A
Address
Mianyang National High-Tech Industrial Development Area, Sichuan Province, Chengdu, CHN, 621006
New Hope Liuhe Co Ltd engaged in agriculture and animal husbandry products. The company focuses on the development of feed, breeding, meat products, and financial investment. It derives maximum revenue from China and also has a presence in Vietnam, the Philippines, Bangladesh, Indonesia, Cambodia, Sri Lanka, Singapore, and Egypt.

New Hope Liuhe Co (SZSE:000876) Headlines

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