Chanson International Holding (Chanson International Holding) Days Payable : 68.72 (As of Dec. 2023)

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What is Chanson International Holding Days Payable?

Chanson International Holding's average Accounts Payable for the six months ended in Dec. 2023 was $1.74 Mil. Chanson International Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was $4.63 Mil. Hence, Chanson International Holding's Days Payable for the six months ended in Dec. 2023 was 68.72.

The historical rank and industry rank for Chanson International Holding's Days Payable or its related term are showing as below:

CHSN' s Days Payable Range Over the Past 10 Years
Min: 48.69 Med: 55.39 Max: 68.68
Current: 65.6

During the past 6 years, Chanson International Holding's highest Days Payable was 68.68. The lowest was 48.69. And the median was 55.39.

CHSN's Days Payable is ranked better than
76.11% of 339 companies
in the Restaurants industry
Industry Median: 38.23 vs CHSN: 65.60

Chanson International Holding's Days Payable declined from Dec. 2022 (83.71) to Dec. 2023 (68.72). It may suggest that Chanson International Holding accelerated paying its suppliers.

Chanson International Holding Days Payable Historical Data

The historical data trend for Chanson International Holding'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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Chanson International Holding Days Payable Chart

Chanson International Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.69

56.50

51.60

68.68

67.02

Chanson International Holding Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						52.11	49.62	83.71	60.93	68.72

Competitive Comparison of Chanson International Holding's Days Payable

For the Restaurants subindustry, Chanson International Holding'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.

Chanson International Holding's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Chanson International Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Chanson International Holding's Days Payable falls into.

Chanson International Holding 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.

Chanson International Holding'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
=	( (1.425	+	1.919)	/	2 )	/	9.106	*	365
=	1.672					/	9.106	*	365
=	67.02

Chanson International Holding'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.565	+	1.919)	/	2 )	/	4.626	*	365 / 2
=	1.742					/	4.626	*	365 / 2
=	68.72

Chanson International Holding Days Payable Related Terms

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Chanson International Holding (Chanson International Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Chanson International Holding (NAS:CHSN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Culture Road, Tianshan District, Urumqi, Xinjiang, CHN

Website

https://www.chanson-international.com

Chanson International Holding manufactures and sells a wide selection of bakery products, seasonal products, and beverage products; some of these stores also offer eat-in services. It focuses to make healthy, nutritious, and ready-to-eat food through advanced facilities and industry research and to create a comfortable, yet distinguishable store environment in which customers can enjoy their products.

Chanson International Holding (Chanson International Holding) Headlines

From GuruFocus

Chanson International Holding Announces Pricing of Initial Public Offering

By sperokesalga sperokesalga • 03-30-2023

Chanson International Holding Announces First Half of Fiscal Year 2023 Financial Results

By PRNewswire • 10-06-2023