Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) Days Payable : 24.09 (As of Dec. 2023)

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What is Xiamen Yan Palace Birds Nest Industry Co Days Payable?

Xiamen Yan Palace Birds Nest Industry Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$70 Mil. Xiamen Yan Palace Birds Nest Industry Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,060 Mil. Hence, Xiamen Yan Palace Birds Nest Industry Co's Days Payable for the six months ended in Dec. 2023 was 12.05.

The historical rank and industry rank for Xiamen Yan Palace Birds Nest Industry Co's Days Payable or its related term are showing as below:

HKSE:01497' s Days Payable Range Over the Past 10 Years
Min: 21.66 Med: 24.36 Max: 28.41
Current: 24.09

During the past 4 years, Xiamen Yan Palace Birds Nest Industry Co's highest Days Payable was 28.41. The lowest was 21.66. And the median was 24.36.

HKSE:01497's Days Payable is ranked worse than
79.91% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs HKSE:01497: 24.09

Xiamen Yan Palace Birds Nest Industry Co's Days Payable declined from Dec. 2021 (24.63) to Dec. 2023 (24.09). It may suggest that Xiamen Yan Palace Birds Nest Industry Co accelerated paying its suppliers.

Xiamen Yan Palace Birds Nest Industry Co Days Payable Historical Data

The historical data trend for Xiamen Yan Palace Birds Nest Industry 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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Xiamen Yan Palace Birds Nest Industry Co Days Payable Chart

Xiamen Yan Palace Birds Nest Industry Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

21.66

24.63

28.41

24.09

Xiamen Yan Palace Birds Nest Industry Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Days Payable	21.66	24.63	28.41	24.09

Competitive Comparison of Xiamen Yan Palace Birds Nest Industry Co's Days Payable

For the Packaged Foods subindustry, Xiamen Yan Palace Birds Nest Industry 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.

Xiamen Yan Palace Birds Nest Industry Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Xiamen Yan Palace Birds Nest Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xiamen Yan Palace Birds Nest Industry Co's Days Payable falls into.

Xiamen Yan Palace Birds Nest Industry 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.

Xiamen Yan Palace Birds Nest Industry 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
=	( (71.567	+	68.389)	/	2 )	/	1060.223	*	365
=	69.978					/	1060.223	*	365
=	24.09

Xiamen Yan Palace Birds Nest Industry Co'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (71.567	+	68.389)	/	2 )	/	1060.223	*	365 / 2
=	69.978					/	1060.223	*	365 / 2
=	12.05

Xiamen Yan Palace Birds Nest Industry Co Days Payable Related Terms

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Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xiamen Yan Palace Birds Nest Industry Co Ltd (HKSE:01497) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianpu Road, 22/F, Caizihui No. 188, Siming District, Fujian Province, Xiamen City, CHN

Website

http://www.yanzhiwu.com

Xiamen Yan Palace Birds Nest Industry Co Ltd is engaged in the development, production, and marketing of Edible bird's nest (EBN) products. It is a natural health delicacy product with various perceived health benefits and nutritional value. Its product includes One Nest, Freshly Stewed Bird's Nest, Crystal Sugar Bird's Nest, and Dried EBN.

Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) Headlines

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