Kweichow Moutai Co (SHSE:600519) Days Payable : 71.66 (As of Dec. 2023)

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What is Kweichow Moutai Co Days Payable?

Kweichow Moutai Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥2,623 Mil. Kweichow Moutai Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥3,340 Mil. Hence, Kweichow Moutai Co's Days Payable for the three months ended in Dec. 2023 was 71.66.

The historical rank and industry rank for Kweichow Moutai Co's Days Payable or its related term are showing as below:

SHSE:600519' s Days Payable Range Over the Past 10 Years
Min: 59.48 Med: 71.16 Max: 110.97
Current: 74.8

During the past 13 years, Kweichow Moutai Co's highest Days Payable was 110.97. The lowest was 59.48. And the median was 71.16.

SHSE:600519's Days Payable is ranked worse than
54.46% of 202 companies
in the Beverages - Alcoholic industry
Industry Median: 81.54 vs SHSE:600519: 74.80

Kweichow Moutai Co's Days Payable increased from Dec. 2022 (58.80) to Dec. 2023 (71.66). It may suggest that Kweichow Moutai Co delayed paying its suppliers.

Kweichow Moutai Co Days Payable Historical Data

The historical data trend for Kweichow Moutai 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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Kweichow Moutai Co Days Payable Chart

Kweichow Moutai Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.85

63.06

66.80

79.06

83.80

Kweichow Moutai Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															58.80	79.87	73.32	65.49	71.66

Competitive Comparison of Kweichow Moutai Co's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Kweichow Moutai 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.

Kweichow Moutai Co's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Kweichow Moutai Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Kweichow Moutai Co's Days Payable falls into.

Kweichow Moutai 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.

Kweichow Moutai 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
=	( (2408.371	+	3093.091)	/	2 )	/	11980.842	*	365
=	2750.731					/	11980.842	*	365
=	83.80

Kweichow Moutai Co'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2152.492	+	3093.091)	/	2 )	/	3339.666	*	365 / 4
=	2622.7915					/	3339.666	*	365 / 4
=	71.66

Kweichow Moutai Co Days Payable Related Terms

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Kweichow Moutai Co (SHSE:600519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Kweichow Moutai Co Ltd (SHSE:600519) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guizhou Province, Maotai Town, Renhuai, CHN, 564501

Website

http://www.moutaichina.com

Kweichow Moutai is one of China's leading liquor producers. The company was established in 1951 and its headquarters is located in Moutai Town, Guizhou province, southwest China. Its core product, 53-degree Feitian Moutai, is known as China's national drink and has been consumed during many high-profile historical and political events. Given its remarkable pricing power, premium product quality, and unparalleled brand strength, the company achieves the industry's highest retail prices and profit margins.

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