Inner Mongolia Chevalese Dairy Group Co (BJSE:832786) Days Payable : 86.91 (As of Sep. 2024)

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What is Inner Mongolia Chevalese Dairy Group Co Days Payable?

Inner Mongolia Chevalese Dairy Group Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥196 Mil. Inner Mongolia Chevalese Dairy Group Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥206 Mil. Hence, Inner Mongolia Chevalese Dairy Group Co's Days Payable for the three months ended in Sep. 2024 was 86.91.

The historical rank and industry rank for Inner Mongolia Chevalese Dairy Group Co's Days Payable or its related term are showing as below:

BJSE:832786' s Days Payable Range Over the Past 10 Years
Min: 27.19 Med: 124.69 Max: 179.96
Current: 83.81

During the past 11 years, Inner Mongolia Chevalese Dairy Group Co's highest Days Payable was 179.96. The lowest was 27.19. And the median was 124.69.

BJSE:832786's Days Payable is ranked better than
76.26% of 1820 companies
in the Consumer Packaged Goods industry
Industry Median: 45.78 vs BJSE:832786: 83.81

Inner Mongolia Chevalese Dairy Group Co's Days Payable declined from Sep. 2023 (102.09) to Sep. 2024 (86.91). It may suggest that Inner Mongolia Chevalese Dairy Group Co accelerated paying its suppliers.

Inner Mongolia Chevalese Dairy Group Co Days Payable Historical Data

The historical data trend for Inner Mongolia Chevalese Dairy Group 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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Inner Mongolia Chevalese Dairy Group Co Days Payable Chart

Inner Mongolia Chevalese Dairy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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179.96

153.74

126.73

146.19

122.65

Inner Mongolia Chevalese Dairy Group Co Quarterly Data
	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															102.09	61.49	131.60	83.76	86.91

Competitive Comparison of Inner Mongolia Chevalese Dairy Group Co's Days Payable

For the Packaged Foods subindustry, Inner Mongolia Chevalese Dairy Group 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.

Inner Mongolia Chevalese Dairy Group Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Inner Mongolia Chevalese Dairy Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Inner Mongolia Chevalese Dairy Group Co's Days Payable falls into.

Inner Mongolia Chevalese Dairy Group 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.

Inner Mongolia Chevalese Dairy Group 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
=	( (368.699	+	315.478)	/	2 )	/	1018.051	*	365
=	342.0885					/	1018.051	*	365
=	122.65

Inner Mongolia Chevalese Dairy Group Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (175.941	+	216.242)	/	2 )	/	205.878	*	365 / 4
=	196.0915					/	205.878	*	365 / 4
=	86.91

Inner Mongolia Chevalese Dairy Group Co Days Payable Related Terms

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Inner Mongolia Chevalese Dairy Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Inner Mongolia Chevalese Dairy Group Co Ltd (BJSE:832786) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1 Jianhua South Road, Floor 22, Building B, Building 2, Tianfu Plaza, Jiuyuan, Inner Mongolia Autonomous Region, Baotou, CHN, 014060

Website

http://www.qishiruye.com

Inner Mongolia Chevalese Dairy Group Co Ltd is engaged in corn and sugar beet cultivation, intensive dairy farming and organic raw milk supply and marketing, production and sales of dairy products and milk-containing beverages, and production and sales of white sugar and its by-products.

Inner Mongolia Chevalese Dairy Group Co Headlines

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