China Tontine Wines Group (HKSE:00389) Days Payable : 16.73 (As of Jun. 2023)

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What is China Tontine Wines Group Days Payable?

China Tontine Wines Group's average Accounts Payable for the six months ended in Jun. 2023 was HK$5.3 Mil. China Tontine Wines Group's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$57.5 Mil. Hence, China Tontine Wines Group's Days Payable for the six months ended in Jun. 2023 was 16.73.

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

HKSE:00389' s Days Payable Range Over the Past 10 Years
Min: 12.54 Med: 15.91 Max: 36.32
Current: 14.01

During the past 13 years, China Tontine Wines Group's highest Days Payable was 36.32. The lowest was 12.54. And the median was 15.91.

HKSE:00389's Days Payable is ranked worse than
95.54% of 202 companies
in the Beverages - Alcoholic industry
Industry Median: 80.705 vs HKSE:00389: 14.01

China Tontine Wines Group's Days Payable declined from Jun. 2022 (54.26) to Jun. 2023 (16.73). It may suggest that China Tontine Wines Group accelerated paying its suppliers.

China Tontine Wines Group Days Payable Historical Data

The historical data trend for China Tontine Wines 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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China Tontine Wines Group Days Payable Chart

China Tontine Wines Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.42

16.37

29.98

36.32

12.67

China Tontine Wines Group 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															21.88	54.26	14.15	16.73	13.69

Competitive Comparison of China Tontine Wines Group's Days Payable

For the Beverages - Wineries & Distilleries subindustry, China Tontine Wines 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.

China Tontine Wines Group's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, China Tontine Wines Group's Days Payable distribution charts can be found below:

* The bar in red indicates where China Tontine Wines Group's Days Payable falls into.

China Tontine Wines 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.

China Tontine Wines Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (22.022	+	2.48)	/	2 )	/	123.111	*	365
=	12.251					/	123.111	*	365
=	36.32

China Tontine Wines Group's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (2.48	+	8.057)	/	2 )	/	57.459	*	365 / 2
=	5.2685					/	57.459	*	365 / 2
=	16.73

China Tontine Wines Group Days Payable Related Terms

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China Tontine Wines Group (HKSE:00389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Tontine Wines Group Ltd (HKSE:00389) » Definitions » Days Payable

Traded in Other Exchanges

CATWF:USA

Address

No. 2199, Tuanjie Road, Tonghua County, Jilin Province, Tonghua, CHN

Website

https://www.tontine-wines.com.hk

China Tontine Wines Group Ltd. is an investment holding company. The company and its subsidiaries are engaged in the production and sales of wine products. Its geographical segments consist of North-East Region, Northern Region, Eastern Region, South-Central Region, and South-West Region. The Group's product offerings include Sweet wines, Dry wines, Brandy, and Others.

China Tontine Wines Group (HKSE:00389) Headlines

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