China Starch Holdings (HKSE:03838) Days Payable : 5.05 (As of Dec. 2023)

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What is China Starch Holdings Days Payable?

China Starch Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$169 Mil. China Starch Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$6,127 Mil. Hence, China Starch Holdings's Days Payable for the six months ended in Dec. 2023 was 5.05.

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

HKSE:03838' s Days Payable Range Over the Past 10 Years
Min: 5.47 Med: 9.23 Max: 17.74
Current: 5.52

During the past 13 years, China Starch Holdings's highest Days Payable was 17.74. The lowest was 5.47. And the median was 9.23.

HKSE:03838's Days Payable is ranked worse than
98.21% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs HKSE:03838: 5.52

China Starch Holdings's Days Payable declined from Dec. 2022 (6.23) to Dec. 2023 (5.05). It may suggest that China Starch Holdings accelerated paying its suppliers.

China Starch Holdings Days Payable Historical Data

The historical data trend for China Starch 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.

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China Starch Holdings Days Payable Chart

China Starch Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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7.67

7.02

6.48

6.97

5.47

China Starch 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	Get a 7-Day Free Trial															7.48	6.93	6.23	6.05	5.05

Competitive Comparison of China Starch Holdings's Days Payable

For the Packaged Foods subindustry, China Starch 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.

China Starch Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Starch Holdings's Days Payable distribution charts can be found below:

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

China Starch 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.

China Starch Holdings'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
=	( (219.438	+	149.238)	/	2 )	/	12295.127	*	365
=	184.338					/	12295.127	*	365
=	5.47

China Starch Holdings'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
=	( (189.6	+	149.238)	/	2 )	/	6127.225	*	365 / 2
=	169.419					/	6127.225	*	365 / 2
=	5.05

China Starch Holdings Days Payable Related Terms

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China Starch Holdings (HKSE:03838) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Starch Holdings Ltd (HKSE:03838) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

39 Gloucester Road, Harcourt House, Room 1101-1104, 11th Floor, Wanchai, Hong Kong, HKG

Website

http://www.chinastarch.com.hk

China Starch Holdings Ltd is an investment holding company. It is principally engaged in the manufacturing and sale of cornstarch, lysine, starch-based sweetener, modified starch and ancillary corn-based and corn-refined products. The company's segments are Upstream products which is engaged in the manufacture and sale of cornstarch and ancillary corn-refined products and Fermented and downstream products which is engaged in the manufacture and sale of lysine, starch-based sweetener, modified starch, and other products.

China Starch Holdings (HKSE:03838) Headlines

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