Xiangpiaopiao Food Co (SHSE:603711) Days Payable : 47.26 (As of Sep. 2024)

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What is Xiangpiaopiao Food Co Days Payable?

Xiangpiaopiao Food Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥232 Mil. Xiangpiaopiao Food Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥448 Mil. Hence, Xiangpiaopiao Food Co's Days Payable for the three months ended in Sep. 2024 was 47.26.

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

SHSE:603711' s Days Payable Range Over the Past 10 Years
Min: 48.06 Med: 89.56 Max: 126.5
Current: 48.06

During the past 12 years, Xiangpiaopiao Food Co's highest Days Payable was 126.50. The lowest was 48.06. And the median was 89.56.

SHSE:603711's Days Payable is ranked better than
52.97% of 1818 companies
in the Consumer Packaged Goods industry
Industry Median: 45.755 vs SHSE:603711: 48.06

Xiangpiaopiao Food Co's Days Payable declined from Sep. 2023 (54.54) to Sep. 2024 (47.26). It may suggest that Xiangpiaopiao Food Co accelerated paying its suppliers.

Xiangpiaopiao Food Co Days Payable Historical Data

The historical data trend for Xiangpiaopiao Food 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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Xiangpiaopiao Food Co Days Payable Chart

Xiangpiaopiao Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

91.07

88.04

57.73

73.97

73.13

Xiangpiaopiao Food Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															54.54	38.64	57.78	50.07	47.26

Competitive Comparison of Xiangpiaopiao Food Co's Days Payable

For the Packaged Foods subindustry, Xiangpiaopiao Food 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.

Xiangpiaopiao Food Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Xiangpiaopiao Food Co's Days Payable falls into.

Xiangpiaopiao Food 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.

Xiangpiaopiao Food 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
=	( (493.719	+	413.791)	/	2 )	/	2264.596	*	365
=	453.755					/	2264.596	*	365
=	73.13

Xiangpiaopiao Food Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (175.038	+	289.146)	/	2 )	/	448.143	*	365 / 4
=	232.092					/	448.143	*	365 / 4
=	47.26

Xiangpiaopiao Food Co Days Payable Related Terms

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Xiangpiaopiao Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xiangpiaopiao Food Co Ltd (SHSE:603711) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Venture Avenue 888, Economic and Technological Development Zone, Huzhou, CHN, 313000

Website

http://www.zjxpp.com

Xiangpiaopiao Food Co Ltd is a tea manufacturer. The company is engaged in research and development, production and sales of food products like tea, instant noodles, and casual peanut products. It manufactures ready to eat packed products.

Executives

Yang Dong Yun	Directors, senior managers
Zou Yong Jian	Directors, senior managers
Yang Jing	Directors, senior managers
Jiang Jian Qi	Director
Li Chao Nan	senior management
Gou Zhen Hai	Directors, senior managers
Cai Jian Feng	Director
Wang Qiu Yue	Supervisors

Xiangpiaopiao Food Co Headlines

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