Fufeng Group (Fufeng Group) Days Payable : 20.83 (As of Dec. 2023)

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What is Fufeng Group Days Payable?

Fufeng Group's average Accounts Payable for the six months ended in Dec. 2023 was $178 Mil. Fufeng Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,560 Mil. Hence, Fufeng Group's Days Payable for the six months ended in Dec. 2023 was 20.83.

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

FFNGY' s Days Payable Range Over the Past 10 Years
Min: 22.6 Med: 43.01 Max: 141.21
Current: 22.6

During the past 13 years, Fufeng Group's highest Days Payable was 141.21. The lowest was 22.60. And the median was 43.01.

FFNGY's Days Payable is ranked worse than
87.97% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs FFNGY: 22.60

Fufeng Group's Days Payable declined from Dec. 2022 (26.24) to Dec. 2023 (20.83). It may suggest that Fufeng Group accelerated paying its suppliers.

Fufeng Group Days Payable Historical Data

The historical data trend for Fufeng Group'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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Fufeng Group Days Payable Chart

Fufeng Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.62

33.65

28.59

28.43

24.42

Fufeng Group 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	Get a 7-Day Free Trial															28.37	31.54	26.24	22.67	20.83

Competitive Comparison of Fufeng Group's Days Payable

For the Specialty Chemicals subindustry, Fufeng Group'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.

Fufeng Group's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Fufeng Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Fufeng Group's Days Payable falls into.

Fufeng Group 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.

Fufeng Group'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
=	( (210.078	+	197.657)	/	2 )	/	3047.463	*	365
=	203.8675					/	3047.463	*	365
=	24.42

Fufeng Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (158.419	+	197.657)	/	2 )	/	1559.642	*	365 / 2
=	178.038					/	1559.642	*	365 / 2
=	20.83

Fufeng Group Days Payable Related Terms

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Fufeng Group (Fufeng Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fufeng Group Ltd (OTCPK:FFNGY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00546:Hong Kong FFO1:Germany

Address

12/F, Tower 3,33 Canton Road, Suite 1204B–7A China, Tsim Sha Tsui, Kowloon, Hong Kong City, HKG

Website

http://www.fufeng-group.com

Fufeng Group Ltd manufactures and sells a variety of chemicals primarily used by the food and agricultural industries. The company's operating segments include Food additives; Animal nutrition; High-end amino acid; Colloid and others. It generates maximum revenue from the Food additives segment. The Food additives segment is engaged in the manufacturing and sale of food additives products, including monosodium glutamate (MSG), starch sweeteners, glutamic acid, compound seasoning and corn oil. The majority of revenue comes from China.

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