Chaoda Modern Agriculture (Holdings) (Chaoda Modern Agriculture (Holdings)) Days Payable : 13.10 (As of Dec. 2023)

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What is Chaoda Modern Agriculture (Holdings) Days Payable?

Chaoda Modern Agriculture (Holdings)'s average Accounts Payable for the six months ended in Dec. 2023 was $0.27 Mil. Chaoda Modern Agriculture (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was $3.79 Mil. Hence, Chaoda Modern Agriculture (Holdings)'s Days Payable for the six months ended in Dec. 2023 was 13.10.

The historical rank and industry rank for Chaoda Modern Agriculture (Holdings)'s Days Payable or its related term are showing as below:

CMGHF' s Days Payable Range Over the Past 10 Years
Min: 2.47 Med: 10.36 Max: 15.97
Current: 14.02

During the past 13 years, Chaoda Modern Agriculture (Holdings)'s highest Days Payable was 15.97. The lowest was 2.47. And the median was 10.36.

CMGHF's Days Payable is ranked worse than
92.29% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs CMGHF: 14.02

Chaoda Modern Agriculture (Holdings)'s Days Payable declined from Dec. 2022 (15.40) to Dec. 2023 (13.10). It may suggest that Chaoda Modern Agriculture (Holdings) accelerated paying its suppliers.

Chaoda Modern Agriculture (Holdings) Days Payable Historical Data

The historical data trend for Chaoda Modern Agriculture (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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Chaoda Modern Agriculture (Holdings) Days Payable Chart

Chaoda Modern Agriculture (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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13.88

15.72

15.79

16.04

14.99

Chaoda Modern Agriculture (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															14.65	17.08	15.40	14.52	13.10

Competitive Comparison of Chaoda Modern Agriculture (Holdings)'s Days Payable

For the Farm Products subindustry, Chaoda Modern Agriculture (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.

Chaoda Modern Agriculture (Holdings)'s Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chaoda Modern Agriculture (Holdings)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Chaoda Modern Agriculture (Holdings)'s Days Payable falls into.

Chaoda Modern Agriculture (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.

Chaoda Modern Agriculture (Holdings)'s Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.425	+	0.285)	/	2 )	/	8.642	*	365
=	0.355					/	8.642	*	365
=	14.99

Chaoda Modern Agriculture (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
=	( (0.285	+	0.259)	/	2 )	/	3.789	*	365 / 2
=	0.272					/	3.789	*	365 / 2
=	13.10

Chaoda Modern Agriculture (Holdings) Days Payable Related Terms

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Chaoda Modern Agriculture (Holdings) (Chaoda Modern Agriculture (Holdings)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chaoda Modern Agriculture (Holdings) Ltd (OTCPK:CMGHF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CMGHY:USA 00682:Hong Kong CHA:Germany

Address

133 Wan Chai Road, Room B, 21st Floor, Times Media Centre, Wanchai, Hong Kong, HKG

Website

http://www.chaoda.hk.cn

Chaoda Modern Agriculture (Holdings) Ltd operates as an investment holding company, which engages in the production and sale of agricultural products. The company's main businesses include the growing and sales of crops, as well as the breeding and sales of livestock. The firm earns a majority of its revenue from the sales of crops in Hong Kong.

Chaoda Modern Agriculture (Holdings) (Chaoda Modern Agriculture (Holdings)) Headlines

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