Beihai Gofar Chuanshan Biological Co (SHSE:600538) Days Payable : 106.16 (As of Mar. 2024)

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What is Beihai Gofar Chuanshan Biological Co Days Payable?

Beihai Gofar Chuanshan Biological Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥79.7 Mil. Beihai Gofar Chuanshan Biological Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥68.5 Mil. Hence, Beihai Gofar Chuanshan Biological Co's Days Payable for the three months ended in Mar. 2024 was 106.16.

The historical rank and industry rank for Beihai Gofar Chuanshan Biological Co's Days Payable or its related term are showing as below:

SHSE:600538' s Days Payable Range Over the Past 10 Years
Min: 64.4 Med: 118.3 Max: 155.81
Current: 109.85

During the past 13 years, Beihai Gofar Chuanshan Biological Co's highest Days Payable was 155.81. The lowest was 64.40. And the median was 118.30.

SHSE:600538's Days Payable is ranked better than
63.4% of 235 companies
in the Agriculture industry
Industry Median: 78.42 vs SHSE:600538: 109.85

Beihai Gofar Chuanshan Biological Co's Days Payable increased from Mar. 2023 (89.92) to Mar. 2024 (106.16). It may suggest that Beihai Gofar Chuanshan Biological Co delayed paying its suppliers.

Beihai Gofar Chuanshan Biological Co Days Payable Historical Data

The historical data trend for Beihai Gofar Chuanshan Biological 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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Beihai Gofar Chuanshan Biological Co Days Payable Chart

Beihai Gofar Chuanshan Biological Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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109.94

98.40

64.40

70.17

93.39

Beihai Gofar Chuanshan Biological Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															89.92	106.67	111.70	112.82	106.16

Competitive Comparison of Beihai Gofar Chuanshan Biological Co's Days Payable

For the Agricultural Inputs subindustry, Beihai Gofar Chuanshan Biological 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.

Beihai Gofar Chuanshan Biological Co's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Beihai Gofar Chuanshan Biological Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Beihai Gofar Chuanshan Biological Co's Days Payable falls into.

Beihai Gofar Chuanshan Biological 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.

Beihai Gofar Chuanshan Biological 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
=	( (67.467	+	74.512)	/	2 )	/	277.458	*	365
=	70.9895					/	277.458	*	365
=	93.39

Beihai Gofar Chuanshan Biological Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (74.512	+	84.938)	/	2 )	/	68.53	*	365 / 4
=	79.725					/	68.53	*	365 / 4
=	106.16

Beihai Gofar Chuanshan Biological Co Days Payable Related Terms

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Beihai Gofar Chuanshan Biological Co (SHSE:600538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Beihai Gofar Chuanshan Biological Co Ltd (SHSE:600538) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Beibuwan Middle Road, Guangxi Zhuang Autonomous Region, Beihai, Guangxi, CHN, 536000

Website

http://www.gofar.com.cn

Beihai Gofar Chuanshan Biological Co Ltd formerly Beihai Gofar Marine Biological Industry Co Ltd is a marine biotechnology company principally engaged in the manufacture, development and sale of cassava, sea pearl oyster (Hepu Nanzhu), algae, crustaceans and other marine biological resources.

Executives

Pan Li Bin

Directors, senior managers

Beihai Gofar Chuanshan Biological Co (SHSE:600538) Headlines

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