Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) Days Payable : 119.85 (As of Mar. 2025)

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What is Zhejiang Guyuelongshan Shaoxing Wine Co Days Payable?

Zhejiang Guyuelongshan Shaoxing Wine Co's average Accounts Payable for the three months ended in Mar. 2025 was ¥445 Mil. Zhejiang Guyuelongshan Shaoxing Wine Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥339 Mil. Hence, Zhejiang Guyuelongshan Shaoxing Wine Co's Days Payable for the three months ended in Mar. 2025 was 119.85.

The historical rank and industry rank for Zhejiang Guyuelongshan Shaoxing Wine Co's Days Payable or its related term are showing as below:

SHSE:600059' s Days Payable Range Over the Past 10 Years
Min: 106.47 Med: 136.31 Max: 170.36
Current: 106.47

During the past 13 years, Zhejiang Guyuelongshan Shaoxing Wine Co's highest Days Payable was 170.36. The lowest was 106.47. And the median was 136.31.

SHSE:600059's Days Payable is ranked better than
56.28% of 199 companies
in the Beverages - Alcoholic industry
Industry Median: 79.67 vs SHSE:600059: 106.47

Zhejiang Guyuelongshan Shaoxing Wine Co's Days Payable increased from Mar. 2024 (95.56) to Mar. 2025 (119.85). It may suggest that Zhejiang Guyuelongshan Shaoxing Wine Co delayed paying its suppliers.

Zhejiang Guyuelongshan Shaoxing Wine Co Days Payable Historical Data

The historical data trend for Zhejiang Guyuelongshan Shaoxing Wine 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.

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Zhejiang Guyuelongshan Shaoxing Wine Co Days Payable Chart

Zhejiang Guyuelongshan Shaoxing Wine Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

Get a 7-Day Free Trial

170.36

134.36

126.79

127.48

140.71

Zhejiang Guyuelongshan Shaoxing Wine Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															95.56	136.98	92.24	88.04	119.85

Competitive Comparison of Zhejiang Guyuelongshan Shaoxing Wine Co's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Zhejiang Guyuelongshan Shaoxing Wine 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.

Zhejiang Guyuelongshan Shaoxing Wine Co's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Zhejiang Guyuelongshan Shaoxing Wine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Guyuelongshan Shaoxing Wine Co's Days Payable falls into.

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Zhejiang Guyuelongshan Shaoxing Wine 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.

Zhejiang Guyuelongshan Shaoxing Wine Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (419.735	+	518.394)	/	2 )	/	1216.77	*	365
=	469.0645					/	1216.77	*	365
=	140.71

Zhejiang Guyuelongshan Shaoxing Wine Co's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (518.394	+	372.095)	/	2 )	/	338.996	*	365 / 4
=	445.2445					/	338.996	*	365 / 4
=	119.85

Zhejiang Guyuelongshan Shaoxing Wine Co Days Payable Related Terms

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Zhejiang Guyuelongshan Shaoxing Wine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Zhejiang Guyuelongshan Shaoxing Wine Co Ltd (SHSE:600059) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Beihai Bridge, Shaoxing, Zhejiang, CHN, 312000

Website

http://www.shaoxingwine.com.cn

Zhejiang Guyuelongshan Shaoxing Wine Co Ltd is a China-based company engaged in the production and distribution of Chinese rice wine. Its main products consist of raw Chinese rice wine, bottled Chinese rice wine and a relatively small amount of fruit wine and distilled spirit. The company owns a range of brands including Gu Yue Long Shan, Nv Er Hong, Champion Red, Shen Yonghe as well as Jian Hu, among others.

Executives

Yang Wen Long	Supervisors
Hu Zhi Ming	senior management
Liu Jian	senior management
Wan Long	senior management
Liu Hong Lin	Supervisors
Wang Ling Ling	Director
Xu Dong Liang	Director
Meng Zhong Fa	Supervisors
Fu Bao Wei	Director
Dong Yong Jiu	Director
Sun Yong Gen	Supervisors
He Feng	Director

Zhejiang Guyuelongshan Shaoxing Wine Co Headlines

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