China Feihe (HKSE:06186) Days Payable : 92.34 (As of Dec. 2023)

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What is China Feihe Days Payable?

China Feihe's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,933 Mil. China Feihe's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,820 Mil. Hence, China Feihe's Days Payable for the six months ended in Dec. 2023 was 92.34.

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

HKSE:06186' s Days Payable Range Over the Past 10 Years
Min: 64.19 Med: 75.35 Max: 94.69
Current: 94.69

During the past 8 years, China Feihe's highest Days Payable was 94.69. The lowest was 64.19. And the median was 75.35.

HKSE:06186's Days Payable is ranked better than
80.86% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.6 vs HKSE:06186: 94.69

China Feihe's Days Payable increased from Dec. 2022 (60.77) to Dec. 2023 (92.34). It may suggest that China Feihe delayed paying its suppliers.

China Feihe Days Payable Historical Data

The historical data trend for China Feihe'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 Feihe Days Payable Chart

China Feihe Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.99

75.35

64.19

78.89

96.96

China Feihe Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial									65.69	67.83	60.77	94.80	92.34

Competitive Comparison of China Feihe's Days Payable

For the Packaged Foods subindustry, China Feihe'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 Feihe's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where China Feihe's Days Payable falls into.

China Feihe 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 Feihe'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
=	( (1980.882	+	2010.61)	/	2 )	/	7513.003	*	365
=	1995.746					/	7513.003	*	365
=	96.96

China Feihe'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
=	( (1855.473	+	2010.61)	/	2 )	/	3820.451	*	365 / 2
=	1933.0415					/	3820.451	*	365 / 2
=	92.34

China Feihe Days Payable Related Terms

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China Feihe (HKSE:06186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Feihe Ltd (HKSE:06186) » Definitions » Days Payable

Traded in Other Exchanges

CHFLF:USA CFEIY:USA

Address

10 Jiuxianqiao Road, Block C, 16th Floor, Star City International Building, Chaoyang District, Beijing, CHN, 100016

Website

https://www.feihe.com

Feihe is the number one infant milk formula company in China, with a premium market positioning among domestic and foreign competing brands. The company utilizes the flagship Astrobaby lineup to promote its "more suitable for Chinese babies" proposition. It has a nationwide distributor network covering maternity stores, supermarkets and traditional retailers, as well as a direct sales network in e-commerce.

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