China Foods (HKSE:00506) Days Payable : 29.72 (As of Dec. 2023)

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What is China Foods Days Payable?

China Foods's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,045 Mil. China Foods's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$6,415 Mil. Hence, China Foods's Days Payable for the six months ended in Dec. 2023 was 29.72.

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

HKSE:00506' s Days Payable Range Over the Past 10 Years
Min: 14.31 Med: 22.86 Max: 63.22
Current: 22.88

During the past 13 years, China Foods's highest Days Payable was 63.22. The lowest was 14.31. And the median was 22.86.

HKSE:00506's Days Payable is ranked worse than
91.74% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 61.42 vs HKSE:00506: 22.88

China Foods's Days Payable increased from Dec. 2022 (28.10) to Dec. 2023 (29.72). It may suggest that China Foods delayed paying its suppliers.

China Foods Days Payable Historical Data

The historical data trend for China Foods'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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China Foods Days Payable Chart

China Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

23.11

21.96

14.31

16.40

19.41

China Foods 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															21.18	18.84	28.10	20.89	29.72

Competitive Comparison of China Foods's Days Payable

For the Beverages - Non-Alcoholic subindustry, China Foods'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.

China Foods's Days Payable Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, China Foods's Days Payable distribution charts can be found below:

* The bar in red indicates where China Foods's Days Payable falls into.

China Foods 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.

China Foods'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
=	( (770.511	+	846.972)	/	2 )	/	15206.403	*	365
=	808.7415					/	15206.403	*	365
=	19.41

China Foods'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
=	( (1242.49	+	846.972)	/	2 )	/	6415.131	*	365 / 2
=	1044.731					/	6415.131	*	365 / 2
=	29.72

China Foods Days Payable Related Terms

Thank you for viewing the detailed overview of China Foods's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

China Foods (HKSE:00506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » China Foods Ltd (HKSE:00506) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CFH:Germany

Address

262 Gloucester Road, 33rd Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.chinafoodsltd.com

China Foods Ltd is an investment holding company that operates in the beverage business. It offers twenty-four brands of products in eleven major types of beverages, which include sparkling drink, juice, water, milk drink, energy drink, tea, coffee, functional nutrition drink, sports drink, plant-based protein drink, and alcoholic drink. Geographically, it derives the majority of revenue from Mainland China.

Executives

Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co.	2502 Approved lending agent
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you

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