Zhejiang Huatong Meat Products Co (SZSE:002840) Days Payable : 27.91 (As of Mar. 2024)

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What is Zhejiang Huatong Meat Products Co Days Payable?

Zhejiang Huatong Meat Products Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥611 Mil. Zhejiang Huatong Meat Products Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,997 Mil. Hence, Zhejiang Huatong Meat Products Co's Days Payable for the three months ended in Mar. 2024 was 27.91.

The historical rank and industry rank for Zhejiang Huatong Meat Products Co's Days Payable or its related term are showing as below:

SZSE:002840' s Days Payable Range Over the Past 10 Years
Min: 6.19 Med: 10.4 Max: 23.5
Current: 22.6

During the past 13 years, Zhejiang Huatong Meat Products Co's highest Days Payable was 23.50. The lowest was 6.19. And the median was 10.40.

SZSE:002840's Days Payable is ranked worse than
82.21% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs SZSE:002840: 22.60

Zhejiang Huatong Meat Products Co's Days Payable increased from Mar. 2023 (23.21) to Mar. 2024 (27.91). It may suggest that Zhejiang Huatong Meat Products Co delayed paying its suppliers.

Zhejiang Huatong Meat Products Co Days Payable Historical Data

The historical data trend for Zhejiang Huatong Meat Products 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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Zhejiang Huatong Meat Products Co Days Payable Chart

Zhejiang Huatong Meat Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

6.19

7.89

17.91

21.75

23.50

Zhejiang Huatong Meat Products 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															23.21	20.19	21.58	20.41	27.91

Competitive Comparison of Zhejiang Huatong Meat Products Co's Days Payable

For the Packaged Foods subindustry, Zhejiang Huatong Meat Products 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.

Zhejiang Huatong Meat Products Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhejiang Huatong Meat Products Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Huatong Meat Products Co's Days Payable falls into.

Zhejiang Huatong Meat Products 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.

Zhejiang Huatong Meat Products 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
=	( (486.865	+	621.78)	/	2 )	/	8611.186	*	365
=	554.3225					/	8611.186	*	365
=	23.50

Zhejiang Huatong Meat Products 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
=	( (621.78	+	599.88)	/	2 )	/	1996.852	*	365 / 4
=	610.83					/	1996.852	*	365 / 4
=	27.91

Zhejiang Huatong Meat Products Co Days Payable Related Terms

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Zhejiang Huatong Meat Products Co (SZSE:002840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhejiang Huatong Meat Products Co Ltd (SZSE:002840) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

YitangGutang Industrial Zone, Zhejiang Province, Yiwu, CHN, 322005

Website

http://www.huatongmeat.com

Zhejiang Huatong Meat Products Co Ltd is a meat producing company. It is engaged in the businesses of feed processing, livestock and poultry breeding, poultry slaughter and processing of meat products. The products of the company include feed, fresh pork, raw poultry, Jinhua ham, sauce and halogen products.

Zhejiang Huatong Meat Products Co (SZSE:002840) Headlines

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