China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Days Payable

: 339.77 (As of Jun. 2023)

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China Resources Beer (Holdings) Co's average Accounts Payable for the six months ended in Jun. 2023 was $3,348 Mil. China Resources Beer (Holdings) Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,799 Mil. Hence, China Resources Beer (Holdings) Co's Days Payable for the six months ended in Jun. 2023 was 339.77.

The historical rank and industry rank for China Resources Beer (Holdings) Co's Days Payable or its related term are showing as below:

CRHKF' s Days Payable Range Over the Past 10 Years
Min: 28.85 Med: 47.13 Max: 817.66
Current: 383.91

During the past 13 years, China Resources Beer (Holdings) Co's highest Days Payable was 817.66. The lowest was 28.85. And the median was 47.13.

CRHKF's Days Payable is ranked better than
93.63% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 80.665 vs CRHKF: 383.91

China Resources Beer (Holdings) Co's Days Payable increased from Jun. 2022 (190.49) to Jun. 2023 (339.77). It may suggest that China Resources Beer (Holdings) Co delayed paying its suppliers.

China Resources Beer (Holdings) Co Days Payable Historical Data

The historical data trend for China Resources Beer (Holdings) 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.

* Premium members only.

China Resources Beer (Holdings) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

35.57

44.37

45.84

48.37

222.04

China Resources Beer (Holdings) Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable																190.86	247.04	190.49	438.54	339.77

Competitive Comparison

For the Beverages - Brewers subindustry, China Resources Beer (Holdings) 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.

China Resources Beer (Holdings) Co Days Payable Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Resources Beer (Holdings) Co's Days Payable falls into.

China Resources Beer (Holdings) 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.

China Resources Beer (Holdings) Co'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
=	( (487.966	+	3299.339)	/	2 )	/	3112.87	*	365
=	1893.6525					/	3112.87	*	365
=	222.04

China Resources Beer (Holdings) Co'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
=	( (3299.339	+	3397.52)	/	2 )	/	1798.531	*	365 / 2
=	3348.4295					/	1798.531	*	365 / 2
=	339.77

China Resources Beer (Holdings) Co Days Payable Related Terms

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China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Resources Beer (Holdings) Co Ltd (OTCPK:CRHKF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CRHKY:USA 00291:Hong Kong CHK:Germany

Address

No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crbeer.com.hk

China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.

China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Headlines

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