Gaodi Holdings (HKSE:01676) Days Payable : 4.08 (As of Jun. 2023)

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What is Gaodi Holdings Days Payable?

Gaodi Holdings's average Accounts Payable for the six months ended in Jun. 2023 was HK$12.6 Mil. Gaodi Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$561.6 Mil. Hence, Gaodi Holdings's Days Payable for the six months ended in Jun. 2023 was 4.08.

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

HKSE:01676' s Days Payable Range Over the Past 10 Years
Min: 8.17 Med: 40.36 Max: 109.41
Current: 8.17

During the past 8 years, Gaodi Holdings's highest Days Payable was 109.41. The lowest was 8.17. And the median was 40.36.

HKSE:01676's Days Payable is ranked worse than
96.64% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.835 vs HKSE:01676: 8.17

Gaodi Holdings's Days Payable declined from Dec. 2021 (16.02) to Jun. 2023 (4.08). It may suggest that Gaodi Holdings accelerated paying its suppliers.

Gaodi Holdings Days Payable Historical Data

The historical data trend for Gaodi 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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Gaodi Holdings Days Payable Chart

Gaodi Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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37.43

37.90

24.45

33.92

43.64

Gaodi Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Days Payable	Get a 7-Day Free Trial											24.08	41.78	16.02	11.94	4.08

Competitive Comparison of Gaodi Holdings's Days Payable

For the Packaged Foods subindustry, Gaodi 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.

Gaodi Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Gaodi Holdings's Days Payable falls into.

Gaodi 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.

Gaodi Holdings's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (19.385	+	3.039)	/	2 )	/	93.779	*	365
=	11.212					/	93.779	*	365
=	43.64

Gaodi Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (15.072	+	10.069)	/	2 )	/	561.616	*	365 / 2
=	12.5705					/	561.616	*	365 / 2
=	4.08

Gaodi Holdings Days Payable Related Terms

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Gaodi Holdings (HKSE:01676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gaodi Holdings Ltd (HKSE:01676) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

5th Floor, No. 5 Factory Meixi Road, Huandong Waters Tongon District, Huli Industrial Park, Fujian Province, Xiamen, CHN

Website

http://www.chinashenghaigroup.com

China Shenghai Group Ltd is engaged in the packaging and sales of seafood products and procurement and sales of fast moving consumer goods and others to the supermarket chains and convenience stores located across China. The company's products are categorized into dried seafood, algae and fungi, seafood snack and frozen seafood products. It has also developed new business on FMCG and cosmetics in Hong Kong and China. Its operating segments include packaging and sales of marine products segment and all other segment. It derives majority of the revenue from packaging and sales of marine products segment.

Gaodi Holdings (HKSE:01676) Headlines

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