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Guoquan Food (Shanghai) Co (HKSE:02517) Days Payable : 40.28 (As of Dec. 2023)


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What is Guoquan Food (Shanghai) Co Days Payable?

Guoquan Food (Shanghai) Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$573 Mil. Guoquan Food (Shanghai) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$5,188 Mil. Hence, Guoquan Food (Shanghai) Co's Days Payable for the six months ended in Dec. 2023 was 20.14.

The historical rank and industry rank for Guoquan Food (Shanghai) Co's Days Payable or its related term are showing as below:

HKSE:02517' s Days Payable Range Over the Past 10 Years
Min: 13.49   Med: 18.93   Max: 40.28
Current: 40.28

During the past 4 years, Guoquan Food (Shanghai) Co's highest Days Payable was 40.28. The lowest was 13.49. And the median was 18.93.

HKSE:02517's Days Payable is ranked worse than
57.1% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs HKSE:02517: 40.28

Guoquan Food (Shanghai) Co's Days Payable increased from Dec. 2021 (13.95) to Dec. 2023 (40.28). It may suggest that Guoquan Food (Shanghai) Co delayed paying its suppliers.

Guoquan Food (Shanghai) Co Days Payable Historical Data

The historical data trend for Guoquan Food (Shanghai) Co'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.

* Premium members only.

Guoquan Food (Shanghai) Co Days Payable Chart

Guoquan Food (Shanghai) Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Payable
13.49 13.95 23.90 40.28

Guoquan Food (Shanghai) Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Days Payable 13.49 13.95 23.90 40.28

Competitive Comparison of Guoquan Food (Shanghai) Co's Days Payable

For the Packaged Foods subindustry, Guoquan Food (Shanghai) Co'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.

Guoquan Food (Shanghai) Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guoquan Food (Shanghai) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guoquan Food (Shanghai) Co's Days Payable falls into.


Guoquan Food (Shanghai) Co 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.

Guoquan Food (Shanghai) Co'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
=( (644.882 + 500.182) / 2 ) / 5187.971*365
=572.532 / 5187.971*365
=40.28

Guoquan Food (Shanghai) Co'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: Dec. 2022 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (644.882 + 500.182) / 2 ) / 5187.971*365 / 2
=572.532 / 5187.971*365 / 2
=20.14

* 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.

Guoquan Food (Shanghai) Co Days Payable Related Terms

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Guoquan Food (Shanghai) Co (HKSE:02517) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » Days Payable
Comparable Companies
Traded in Other Exchanges
N/A
Address
Lane 187, Xinghong Road, Room 802, No. 3, Minhang, Shanghai, CHN
Website
http://www.zzgqsh.com
Guoquan Food (Shanghai) Co Ltd is the leading and rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.

Guoquan Food (Shanghai) Co (HKSE:02517) Headlines

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