LKNCY (Luckin Coffee) Days Payable : 11.68 (As of Sep. 2024)

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What is Luckin Coffee Days Payable?

Luckin Coffee's average Accounts Payable for the three months ended in Sep. 2024 was $113 Mil. Luckin Coffee's Cost of Goods Sold for the three months ended in Sep. 2024 was $882 Mil. Hence, Luckin Coffee's Days Payable for the three months ended in Sep. 2024 was 11.68.

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

LKNCY' s Days Payable Range Over the Past 10 Years
Min: 12.75 Med: 23.83 Max: 58.19
Current: 12.75

During the past 7 years, Luckin Coffee's highest Days Payable was 58.19. The lowest was 12.75. And the median was 23.83.

LKNCY's Days Payable is ranked worse than
94.58% of 332 companies
in the Restaurants industry
Industry Median: 37.235 vs LKNCY: 12.75

Luckin Coffee's Days Payable declined from Sep. 2023 (16.85) to Sep. 2024 (11.68). It may suggest that Luckin Coffee accelerated paying its suppliers.

Luckin Coffee Days Payable Historical Data

The historical data trend for Luckin Coffee'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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Luckin Coffee Days Payable Chart

Luckin Coffee Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.70

31.34

15.99

16.32

13.68

Luckin Coffee Quarterly Data
	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															16.85	13.56	12.69	10.65	11.68

Competitive Comparison of Luckin Coffee's Days Payable

For the Restaurants subindustry, Luckin Coffee'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.

Luckin Coffee's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Luckin Coffee's Days Payable distribution charts can be found below:

* The bar in red indicates where Luckin Coffee's Days Payable falls into.

Luckin Coffee 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.

Luckin Coffee'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
=	( (63.31	+	114.094)	/	2 )	/	2367.101	*	365
=	88.702					/	2367.101	*	365
=	13.68

Luckin Coffee's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (103.824	+	121.934)	/	2 )	/	881.9	*	365 / 4
=	112.879					/	881.9	*	365 / 4
=	11.68

Luckin Coffee Days Payable Related Terms

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Luckin Coffee Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Luckin Coffee Inc (OTCPK:LKNCY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0A6U:UK LC0A:Germany

Address

1-3 Taibei Road, 28th Floor, Building T3, Haixi Jingu Plaza, Siming District, Fujian, Xiamen, CHN, 361008

Website

https://www.lkcoffee.com

Luckin Coffee Inc is a China based company engaged in operation of coffee stores. It sources its Arabica coffee beans from various suppliers and engage World Barista Champion teams to design its coffee recipes. The company also has partnered with suppliers for other products such as juices and light meals.