Sinofert Holdings (Sinofert Holdings) Days Payable

: 51.11 (As of Jun. 2023)

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Sinofert Holdings's average Accounts Payable for the six months ended in Jun. 2023 was $453 Mil. Sinofert Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,617 Mil. Hence, Sinofert Holdings's Days Payable for the six months ended in Jun. 2023 was 51.11.

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

SNFRY' s Days Payable Range Over the Past 10 Years
Min: 33.24 Med: 55.21 Max: 136.44
Current: 64

During the past 13 years, Sinofert Holdings's highest Days Payable was 136.44. The lowest was 33.24. And the median was 55.21.

SNFRY's Days Payable is ranked worse than
57.51% of 233 companies
in the Agriculture industry
Industry Median: 78.87 vs SNFRY: 64.00

Sinofert Holdings's Days Payable increased from Jun. 2022 (34.70) to Jun. 2023 (51.11). It may suggest that Sinofert Holdings delayed paying its suppliers.

Sinofert Holdings Days Payable Historical Data

The historical data trend for Sinofert Holdings'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.

Sinofert Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

57.62

52.53

42.14

45.92

59.35

Sinofert Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable																47.58	34.70	73.40	51.11	88.79

Competitive Comparison

For the Agricultural Inputs subindustry, Sinofert Holdings'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.

Sinofert Holdings Days Payable Distribution

For the Agriculture industry and Basic Materials sector, Sinofert Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Sinofert Holdings's Days Payable falls into.

Sinofert Holdings 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.

Sinofert Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (378.77	+	358.471)	/	2 )	/	2929.877	*	365
=	368.6205					/	2929.877	*	365
=	45.92

Sinofert Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (358.471	+	547.062)	/	2 )	/	1616.677	*	365 / 2
=	452.7665					/	1616.677	*	365 / 2
=	51.11

Sinofert Holdings Days Payable Related Terms

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Sinofert Holdings (Sinofert Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sinofert Holdings Ltd (OTCPK:SNFRY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SNFRF:USA 00297:Hong Kong WCQ1:Germany

Address

1 Harbour Road, Units 4705, 47th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://www.sinofert.com

Sinofert Holdings Ltd is an investment holding company. The company operates in two segments: Basic Fertilizers Segment, Distribution Segment, and Production Segment. The Basic Fertilizers Segment is engaged in the sales of straight fertilizers such as nitrogen, phosphate, and potash. The Distribution segment engages in the building of distribution channels, procurement, and sales of compound fertilizers and new types of fertilizers. The Production Segment is responsible for the production and sales of fertilizers and MCP/DCP. The majority of its revenue comes from the Basic Fertilizers segment. Geographically, the company generates majority of its revenue from Mainland China.

Sinofert Holdings (Sinofert Holdings) Headlines

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