Jiujiuwang Food International (HKSE:01927) Days Payable : 12.56 (As of Dec. 2023)

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What is Jiujiuwang Food International Days Payable?

Jiujiuwang Food International's average Accounts Payable for the six months ended in Dec. 2023 was HK$8.5 Mil. Jiujiuwang Food International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$123.2 Mil. Hence, Jiujiuwang Food International's Days Payable for the six months ended in Dec. 2023 was 12.56.

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

HKSE:01927' s Days Payable Range Over the Past 10 Years
Min: 6.89 Med: 18.37 Max: 116.59
Current: 12.86

During the past 7 years, Jiujiuwang Food International's highest Days Payable was 116.59. The lowest was 6.89. And the median was 18.37.

HKSE:01927's Days Payable is ranked worse than
93.53% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs HKSE:01927: 12.86

Jiujiuwang Food International's Days Payable increased from Dec. 2022 (10.75) to Dec. 2023 (12.56). It may suggest that Jiujiuwang Food International delayed paying its suppliers.

Jiujiuwang Food International Days Payable Historical Data

The historical data trend for Jiujiuwang Food International'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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Jiujiuwang Food International Days Payable Chart

Jiujiuwang Food International Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

36.75

18.37

6.89

11.82

12.60

Jiujiuwang Food International Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						4.45	7.26	10.75	13.34	12.56

Competitive Comparison of Jiujiuwang Food International's Days Payable

For the Confectioners subindustry, Jiujiuwang Food International'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.

Jiujiuwang Food International's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Jiujiuwang Food International's Days Payable falls into.

Jiujiuwang Food International 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.

Jiujiuwang Food International'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
=	( (12.215	+	6.834)	/	2 )	/	275.91	*	365
=	9.5245					/	275.91	*	365
=	12.60

Jiujiuwang Food International'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
=	( (10.113	+	6.834)	/	2 )	/	123.15	*	365 / 2
=	8.4735					/	123.15	*	365 / 2
=	12.56

Jiujiuwang Food International Days Payable Related Terms

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Jiujiuwang Food International (HKSE:01927) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jiujiuwang Food International Ltd (HKSE:01927) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398 Ping An East Road, Luoshan Street, Xukeng Industrial Zone, Fujian Province, Jinjiang, CHN

Website

http://www.jiujiuwang.com

Jiujiuwang Food International Ltd is a manufacturer of confectionary products. It manufactures and sells confectionary products, including gum-based candies, tablet candies, aerated candies, and hard candies.

Executives

Hong Mali
Su Li
Wu Zihong
Zheng Guodian
Zheng Guosi
Zheng Zhenzhong
Haisen International Limited
Xiejia Limited
Jianeng International Limited

Jiujiuwang Food International (HKSE:01927) Headlines

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