Cheerwin Group (HKSE:06601) Days Payable : 113.00 (As of Dec. 2023)

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What is Cheerwin Group Days Payable?

Cheerwin Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$157 Mil. Cheerwin Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$254 Mil. Hence, Cheerwin Group's Days Payable for the six months ended in Dec. 2023 was 113.00.

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

HKSE:06601' s Days Payable Range Over the Past 10 Years
Min: 63.55 Med: 89.44 Max: 113.51
Current: 63.55

During the past 7 years, Cheerwin Group's highest Days Payable was 113.51. The lowest was 63.55. And the median was 89.44.

HKSE:06601's Days Payable is ranked better than
67.73% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs HKSE:06601: 63.55

Cheerwin Group's Days Payable declined from Dec. 2022 (128.20) to Dec. 2023 (113.00). It may suggest that Cheerwin Group accelerated paying its suppliers.

Cheerwin Group Days Payable Historical Data

The historical data trend for Cheerwin 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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Cheerwin Group Days Payable Chart

Cheerwin Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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110.35

72.81

79.99

89.44

71.42

Cheerwin Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						131.41	52.00	128.20	40.96	113.00

Competitive Comparison of Cheerwin Group's Days Payable

For the Household & Personal Products subindustry, Cheerwin 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.

Cheerwin Group's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Cheerwin 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.

Cheerwin 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
=	( (197.93	+	186.162)	/	2 )	/	981.478	*	365
=	192.046					/	981.478	*	365
=	71.42

Cheerwin 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
=	( (128.544	+	186.162)	/	2 )	/	254.137	*	365 / 2
=	157.353					/	254.137	*	365 / 2
=	113.00

Cheerwin Group Days Payable Related Terms

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Cheerwin Group (HKSE:06601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cheerwin Group Ltd (HKSE:06601) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Luju Road, Liwan District, Guangdong Province, Guangzhou, CHN, 510370

Website

https://www.cheerwin.com

Cheerwin Group Ltd is an investment holding company. It is mainly manufacturing and trading of household insecticides and repellents, household cleaning, air care, personal care, pet care, and other products in China. company revenue is geographically derived from PRC.

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