China Modern Dairy Holdings (FRA:07M) Days Payable : 135.21 (As of Jun. 2024)

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What is China Modern Dairy Holdings Days Payable?

China Modern Dairy Holdings's average Accounts Payable for the six months ended in Jun. 2024 was €450 Mil. China Modern Dairy Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was €607 Mil. Hence, China Modern Dairy Holdings's Days Payable for the six months ended in Jun. 2024 was 135.21.

The historical rank and industry rank for China Modern Dairy Holdings's Days Payable or its related term are showing as below:

FRA:07M' s Days Payable Range Over the Past 10 Years
Min: 80.65 Med: 119.39 Max: 178
Current: 109.12

During the past 13 years, China Modern Dairy Holdings's highest Days Payable was 178.00. The lowest was 80.65. And the median was 119.39.

FRA:07M's Days Payable is ranked better than
83.9% of 1820 companies
in the Consumer Packaged Goods industry
Industry Median: 45.53 vs FRA:07M: 109.12

China Modern Dairy Holdings's Days Payable increased from Jun. 2023 (75.35) to Jun. 2024 (135.21). It may suggest that China Modern Dairy Holdings delayed paying its suppliers.

China Modern Dairy Holdings Days Payable Historical Data

The historical data trend for China Modern Dairy Holdings'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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China Modern Dairy Holdings Days Payable Chart

China Modern Dairy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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139.34

103.21

95.49

78.35

119.69

China Modern Dairy Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															63.45	62.22	75.35	110.83	135.21

Competitive Comparison of China Modern Dairy Holdings's Days Payable

For the Farm Products subindustry, China Modern Dairy Holdings'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 Modern Dairy Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Modern Dairy Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where China Modern Dairy Holdings's Days Payable falls into.

China Modern Dairy Holdings 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 Modern Dairy Holdings'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
=	( (300.178	+	569.89)	/	2 )	/	1326.686	*	365
=	435.034					/	1326.686	*	365
=	119.69

China Modern Dairy Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (569.89	+	329.643)	/	2 )	/	607.077	*	365 / 2
=	449.7665					/	607.077	*	365 / 2
=	135.21

China Modern Dairy Holdings Days Payable Related Terms

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China Modern Dairy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Modern Dairy Holdings Ltd (FRA:07M) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

01117:Hong Kong 07M:Germany

Address

Economic and Technological Development Zone, Danyang Town, Bowang District, Anhui Province, Maanshan City, CHN

Website

http://www.moderndairyir.com

China Modern Dairy Holdings Ltd operates in the Chinese food industry. Its primary business includes the production of milk and its revenue mainly depends on the sale of raw milk. The company produces and sells raw milk to customers for processing into dairy products and Liquid Milk products business which relates to its sale of liquid milk products. It also engaged in new business areas such as feed business, intelligent e-commerce platforms, and forage grass planting. Its segments are Raw milk business, Offline feed business, and Digital intelligence platform business. It generates the majority of its revenue from the Raw milk business that engages in raising and breeding dairy cows to produce and sell raw milk.

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