COFCO Joycome Foods (HKSE:01610) Days Payable : 26.48 (As of Dec. 2023)

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What is COFCO Joycome Foods Days Payable?

COFCO Joycome Foods's average Accounts Payable for the six months ended in Dec. 2023 was HK$814 Mil. COFCO Joycome Foods's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$5,609 Mil. Hence, COFCO Joycome Foods's Days Payable for the six months ended in Dec. 2023 was 26.48.

The historical rank and industry rank for COFCO Joycome Foods's Days Payable or its related term are showing as below:

HKSE:01610' s Days Payable Range Over the Past 10 Years
Min: 9.76 Med: 24.85 Max: 32.95
Current: 26.85

During the past 11 years, COFCO Joycome Foods's highest Days Payable was 32.95. The lowest was 9.76. And the median was 24.85.

HKSE:01610's Days Payable is ranked worse than
76.62% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs HKSE:01610: 26.85

COFCO Joycome Foods's Days Payable increased from Dec. 2022 (14.38) to Dec. 2023 (26.48). It may suggest that COFCO Joycome Foods delayed paying its suppliers.

COFCO Joycome Foods Days Payable Historical Data

The historical data trend for COFCO Joycome Foods'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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COFCO Joycome Foods Days Payable Chart

COFCO Joycome Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.32

9.76

17.54

19.22

23.78

COFCO Joycome Foods Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial														24.27	16.12	14.38	30.27	26.48

Competitive Comparison of COFCO Joycome Foods's Days Payable

For the Packaged Foods subindustry, COFCO Joycome Foods'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.

COFCO Joycome Foods's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, COFCO Joycome Foods's Days Payable distribution charts can be found below:

* The bar in red indicates where COFCO Joycome Foods's Days Payable falls into.

COFCO Joycome Foods 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.

COFCO Joycome Foods'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
=	( (869.235	+	605.084)	/	2 )	/	11313.737	*	365
=	737.1595					/	11313.737	*	365
=	23.78

COFCO Joycome Foods'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
=	( (1022.846	+	605.084)	/	2 )	/	5609.416	*	365 / 2
=	813.965					/	5609.416	*	365 / 2
=	26.48

COFCO Joycome Foods Days Payable Related Terms

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COFCO Joycome Foods (HKSE:01610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » COFCO Joycome Foods Ltd (HKSE:01610) » Definitions » Days Payable

Traded in Other Exchanges

0M7:Germany

Address

No.8, Chao Yang Men South Street, COFCO Fortune Plaza, Chao Yang District, Beijing, CHN

Website

https://www.cofcojoycome.com

COFCO Joycome Foods Ltd is engaged in the feed production, hog production, slaughtering and cutting, production, distribution and sale of fresh pork and processed meat products, import and distribution of meat products (including pork, beef, poultry and mutton). Its segments include Hog production segment represents hog breeding and sales of hogs; Fresh pork segment represents slaughtering, wholesale and retail sales of fresh and frozen meats; Processed meat products segment represents manufacture, wholesale and retail sales of processed meat products; and Meat import segment represents sales of imported meat products. Geographically it derives revenue from Mainland China.

Executives

Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Cofco (hong Kong) Limited
Cofco Corporation

COFCO Joycome Foods (HKSE:01610) Headlines

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