Apple Flavor & Fragrance Group Co (SHSE:603020) Days Payable : 26.40 (As of Mar. 2024)

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What is Apple Flavor & Fragrance Group Co Days Payable?

Apple Flavor & Fragrance Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥181 Mil. Apple Flavor & Fragrance Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥625 Mil. Hence, Apple Flavor & Fragrance Group Co's Days Payable for the three months ended in Mar. 2024 was 26.40.

The historical rank and industry rank for Apple Flavor & Fragrance Group Co's Days Payable or its related term are showing as below:

SHSE:603020' s Days Payable Range Over the Past 10 Years
Min: 23.99 Med: 30.09 Max: 47.35
Current: 29.41

During the past 13 years, Apple Flavor & Fragrance Group Co's highest Days Payable was 47.35. The lowest was 23.99. And the median was 30.09.

SHSE:603020's Days Payable is ranked worse than
81.71% of 1498 companies
in the Chemicals industry
Industry Median: 60.475 vs SHSE:603020: 29.41

Apple Flavor & Fragrance Group Co's Days Payable declined from Mar. 2023 (36.99) to Mar. 2024 (26.40). It may suggest that Apple Flavor & Fragrance Group Co accelerated paying its suppliers.

Apple Flavor & Fragrance Group Co Days Payable Historical Data

The historical data trend for Apple Flavor & Fragrance 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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Apple Flavor & Fragrance Group Co Days Payable Chart

Apple Flavor & Fragrance Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

29.50

28.67

30.67

38.64

36.51

Apple Flavor & Fragrance 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															36.99	30.19	33.28	28.63	26.40

Competitive Comparison of Apple Flavor & Fragrance Group Co's Days Payable

For the Specialty Chemicals subindustry, Apple Flavor & Fragrance 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.

Apple Flavor & Fragrance Group Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Apple Flavor & Fragrance Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Apple Flavor & Fragrance Group Co's Days Payable falls into.

Apple Flavor & Fragrance 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.

Apple Flavor & Fragrance 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
=	( (287.556	+	186.718)	/	2 )	/	2370.804	*	365
=	237.137					/	2370.804	*	365
=	36.51

Apple Flavor & Fragrance 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
=	( (186.718	+	174.886)	/	2 )	/	624.956	*	365 / 4
=	180.802					/	624.956	*	365 / 4
=	26.40

Apple Flavor & Fragrance Group Co Days Payable Related Terms

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Apple Flavor & Fragrance Group Co (SHSE:603020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Apple Flavor & Fragrance Group Co Ltd (SHSE:603020) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

733 Gaoping Road, Jing'an District, Shanghai, CHN, 200436

Website

http://www.cnaff.com

Apple Flavor & Fragrance Group Co Ltd is engaged in the development, manufacture, and sale of spices, flavors, and food ingredients. Its main products include spices which include synthetic and natural flavors, flavors (including food flavors and daily flavors) and industrial Cree which mainly include chocolate for frozen drinks and chocolate for baking, widely used in food, beverages, cigarettes, daily chemicals. It also engaged in the distribution of internationally renowned brands of butter, cheese, whipped cream, chocolate, cocoa, fruit products and other food ingredients.

Executives

Xu Yao Zhong	Director
Wei Zhong Hao	Director
Mei Guo You	Director
Fei Wen Yao	Director
Wang Sheng Wen	senior management
Hu Yong Cheng	Director
Zhang Li Hua	Supervisors
Du Yi	Supervisors

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