Ribo Fashion Group Co (SHSE:603196) Days Payable : 112.94 (As of Mar. 2024)

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What is Ribo Fashion Group Co Days Payable?

Ribo Fashion Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥94.8 Mil. Ribo Fashion Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥76.6 Mil. Hence, Ribo Fashion Group Co's Days Payable for the three months ended in Mar. 2024 was 112.94.

The historical rank and industry rank for Ribo Fashion Group Co's Days Payable or its related term are showing as below:

SHSE:603196' s Days Payable Range Over the Past 10 Years
Min: 69.45 Med: 101.96 Max: 135.08
Current: 78.6

During the past 12 years, Ribo Fashion Group Co's highest Days Payable was 135.08. The lowest was 69.45. And the median was 101.96.

SHSE:603196's Days Payable is ranked better than
66.54% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs SHSE:603196: 78.60

Ribo Fashion Group Co's Days Payable increased from Mar. 2023 (102.88) to Mar. 2024 (112.94). It may suggest that Ribo Fashion Group Co delayed paying its suppliers.

Ribo Fashion Group Co Days Payable Historical Data

The historical data trend for Ribo Fashion 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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Ribo Fashion Group Co Days Payable Chart

Ribo Fashion Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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116.83

135.08

100.09

110.32

104.76

Ribo Fashion 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															102.88	74.56	82.43	69.71	112.94

Competitive Comparison of Ribo Fashion Group Co's Days Payable

For the Apparel Manufacturing subindustry, Ribo Fashion 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.

Ribo Fashion Group Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Ribo Fashion Group Co's Days Payable falls into.

Ribo Fashion 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.

Ribo Fashion 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
=	( (142.483	+	113.587)	/	2 )	/	446.11	*	365
=	128.035					/	446.11	*	365
=	104.76

Ribo Fashion 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
=	( (113.587	+	75.919)	/	2 )	/	76.557	*	365 / 4
=	94.753					/	76.557	*	365 / 4
=	112.94

Ribo Fashion Group Co Days Payable Related Terms

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Ribo Fashion Group Co (SHSE:603196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ribo Fashion Group Co Ltd (SHSE:603196) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98, Rongyang Road, Zhongshan Street, Songjiang District, Shanghai, CHN, 201600

Website

http://www.ribo.cn

Ribo Fashion Group Co Ltd is engaged in the creative design of quality clothing, process technology, research and development and production and sales, focusing on high-end fashion women's clothing field. Its main products include blouses and shirts, coats, trousers, dresses and skirts and others. The company sells its products under the Broadcast, Personal Point, TAORAY WANG, and CRZ brands.

Executives

Zhang Yun Ju	senior management
Wang Cheng Yu	Directors, senior managers
Lin Liang	Directors, senior managers
Wang Wei Dong	Director
Zheng Zheng	Director

Ribo Fashion Group Co (SHSE:603196) Headlines

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