COFCO Capital Holdings Co (SZSE:002423) Days Payable : 30.10 (As of Mar. 2024)

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What is COFCO Capital Holdings Co Days Payable?

COFCO Capital Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥504 Mil. COFCO Capital Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,529 Mil. Hence, COFCO Capital Holdings Co's Days Payable for the three months ended in Mar. 2024 was 30.10.

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

SZSE:002423' s Days Payable Range Over the Past 10 Years
Min: 13.79 Med: 48.09 Max: 396.93
Current: 23.84

During the past 13 years, COFCO Capital Holdings Co's highest Days Payable was 396.93. The lowest was 13.79. And the median was 48.09.

SZSE:002423's Days Payable is ranked worse than
70% of 50 companies
in the Insurance industry
Industry Median: 58.24 vs SZSE:002423: 23.84

COFCO Capital Holdings Co's Days Payable increased from Mar. 2023 (20.98) to Mar. 2024 (30.10). It may suggest that COFCO Capital Holdings Co delayed paying its suppliers.

COFCO Capital Holdings Co Days Payable Historical Data

The historical data trend for COFCO Capital Holdings 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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COFCO Capital Holdings Co Days Payable Chart

COFCO Capital Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.10

24.10

13.79

17.78

21.62

COFCO Capital Holdings 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															20.98	20.82	20.60	24.14	30.10

Competitive Comparison of COFCO Capital Holdings Co's Days Payable

For the Insurance - Life subindustry, COFCO Capital Holdings 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.

COFCO Capital Holdings Co's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, COFCO Capital Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where COFCO Capital Holdings Co's Days Payable falls into.

COFCO Capital Holdings 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.

COFCO Capital Holdings 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
=	( (420.502	+	467.687)	/	2 )	/	7498.979	*	365
=	444.0945					/	7498.979	*	365
=	21.62

COFCO Capital Holdings 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
=	( (467.687	+	541.256)	/	2 )	/	1529.458	*	365 / 4
=	504.4715					/	1529.458	*	365 / 4
=	30.10

COFCO Capital Holdings Co Days Payable Related Terms

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COFCO Capital Holdings Co (SZSE:002423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » COFCO Capital Holdings Co Ltd (SZSE:002423) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1105, 11th floor, COFCO Fulinmen Building, Chaoyang District, Beijing, CHN, 100020

Website

http://www.zssw.com

COFCO Capital Holdings Co Ltd is a provider of financial services. The company's services include trust, insurance, futures, banking and other financial services. It provides investment and asset management; corporate management; investment planning and consulting services.

COFCO Capital Holdings Co (SZSE:002423) Headlines

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