Shanghainmao Enterprise (Group) Co (SHSE:600689) Days Payable : 43.25 (As of Mar. 2024)

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What is Shanghainmao Enterprise (Group) Co Days Payable?

Shanghainmao Enterprise (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥110 Mil. Shanghainmao Enterprise (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥231 Mil. Hence, Shanghainmao Enterprise (Group) Co's Days Payable for the three months ended in Mar. 2024 was 43.25.

The historical rank and industry rank for Shanghainmao Enterprise (Group) Co's Days Payable or its related term are showing as below:

SHSE:600689' s Days Payable Range Over the Past 10 Years
Min: 5.57 Med: 14.17 Max: 41.15
Current: 26.76

During the past 13 years, Shanghainmao Enterprise (Group) Co's highest Days Payable was 41.15. The lowest was 5.57. And the median was 14.17.

SHSE:600689's Days Payable is ranked worse than
78.73% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.16 vs SHSE:600689: 26.76

Shanghainmao Enterprise (Group) Co's Days Payable increased from Mar. 2023 (23.29) to Mar. 2024 (43.25). It may suggest that Shanghainmao Enterprise (Group) Co delayed paying its suppliers.

Shanghainmao Enterprise (Group) Co Days Payable Historical Data

The historical data trend for Shanghainmao Enterprise (Group) 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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Shanghainmao Enterprise (Group) Co Days Payable Chart

Shanghainmao Enterprise (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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5.57

15.02

36.07

37.97

41.15

Shanghainmao Enterprise (Group) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															23.29	18.13	17.24	31.58	43.25

Competitive Comparison of Shanghainmao Enterprise (Group) Co's Days Payable

For the Textile Manufacturing subindustry, Shanghainmao Enterprise (Group) 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.

Shanghainmao Enterprise (Group) Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shanghainmao Enterprise (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghainmao Enterprise (Group) Co's Days Payable falls into.

Shanghainmao Enterprise (Group) 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.

Shanghainmao Enterprise (Group) 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
=	( (92.886	+	136.536)	/	2 )	/	1017.455	*	365
=	114.711					/	1017.455	*	365
=	41.15

Shanghainmao Enterprise (Group) Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (136.536	+	82.74)	/	2 )	/	231.32	*	365 / 4
=	109.638					/	231.32	*	365 / 4
=	43.25

Shanghainmao Enterprise (Group) Co Days Payable Related Terms

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Shanghainmao Enterprise (Group) Co (SHSE:600689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanghai Sanmao Enterprise (Group) Co Ltd (SHSE:600689) » Definitions » Days Payable

Traded in Other Exchanges

900922:China

Address

No. 51, Lane 200, Xiasha New Street, Pudong New Area, Hangtou Town, Shanghai, CHN

Website

http://www.600689.com

Shanghai Sanmao Enterprise (Group) Co Ltd is in the businesses of importing and exporting of woolen textile products. Further, it is also involved real estate investment, modern estate management, development and management of real estate, sale of wool textile and related products and services. Geographically the activities are carried out through China.

Executives

Zhang Li Fang	senior management
Wang Jian Hua	Director
Zhang Ping	Director

Shanghainmao Enterprise (Group) Co (SHSE:600689) Headlines

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