Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Days Payable : 39.82 (As of Sep. 2023)

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What is Zhengzhou Qianweiyangchu Food Co Days Payable?

Zhengzhou Qianweiyangchu Food Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥162 Mil. Zhengzhou Qianweiyangchu Food Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥370 Mil. Hence, Zhengzhou Qianweiyangchu Food Co's Days Payable for the three months ended in Sep. 2023 was 39.82.

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

SZSE:001215' s Days Payable Range Over the Past 10 Years
Min: 43.7 Med: 59.07 Max: 66.57
Current: 43.7

During the past 6 years, Zhengzhou Qianweiyangchu Food Co's highest Days Payable was 66.57. The lowest was 43.70. And the median was 59.07.

SZSE:001215's Days Payable is ranked worse than
52.54% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs SZSE:001215: 43.70

Zhengzhou Qianweiyangchu Food Co's Days Payable declined from Sep. 2022 (40.89) to Sep. 2023 (39.82). It may suggest that Zhengzhou Qianweiyangchu Food Co accelerated paying its suppliers.

Zhengzhou Qianweiyangchu Food Co Days Payable Historical Data

The historical data trend for Zhengzhou Qianweiyangchu Food 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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Zhengzhou Qianweiyangchu Food Co Days Payable Chart

Zhengzhou Qianweiyangchu Food Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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58.31

59.83

66.57

52.69

53.64

Zhengzhou Qianweiyangchu Food Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial												40.89	45.20	48.40	42.50	39.82

Competitive Comparison of Zhengzhou Qianweiyangchu Food Co's Days Payable

For the Packaged Foods subindustry, Zhengzhou Qianweiyangchu Food 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.

Zhengzhou Qianweiyangchu Food Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhengzhou Qianweiyangchu Food Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhengzhou Qianweiyangchu Food Co's Days Payable falls into.

Zhengzhou Qianweiyangchu Food 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.

Zhengzhou Qianweiyangchu Food 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
=	( (143.744	+	191.34)	/	2 )	/	1140.102	*	365
=	167.542					/	1140.102	*	365
=	53.64

Zhengzhou Qianweiyangchu Food Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (149.737	+	173.479)	/	2 )	/	370.315	*	365 / 4
=	161.608					/	370.315	*	365 / 4
=	39.82

Zhengzhou Qianweiyangchu Food Co Days Payable Related Terms

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Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengzhou Qianweiyangchu Food Co Ltd (SZSE:001215) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Zhengzhou High-tech Zone, No. 2, Hongfengli, Henan Province, Zhengzhou, CHN, 450001

Website

https://www.qianweiyangchu.com

Zhengzhou Qianwei Central Kitchen Food Co Ltd is engaged in production and sales of quick-frozen noodle products for catering companies.

Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Headlines

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