Solbar Ningbo Protein Technology Co (SHSE:603231) Days Payable : 25.83 (As of Sep. 2024)

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What is Solbar Ningbo Protein Technology Co Days Payable?

Solbar Ningbo Protein Technology Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥98 Mil. Solbar Ningbo Protein Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥346 Mil. Hence, Solbar Ningbo Protein Technology Co's Days Payable for the three months ended in Sep. 2024 was 25.83.

The historical rank and industry rank for Solbar Ningbo Protein Technology Co's Days Payable or its related term are showing as below:

SHSE:603231' s Days Payable Range Over the Past 10 Years
Min: 20.68 Med: 27.07 Max: 38.34
Current: 29.25

During the past 5 years, Solbar Ningbo Protein Technology Co's highest Days Payable was 38.34. The lowest was 20.68. And the median was 27.07.

SHSE:603231's Days Payable is ranked worse than
72.08% of 1830 companies
in the Consumer Packaged Goods industry
Industry Median: 45.895 vs SHSE:603231: 29.25

Solbar Ningbo Protein Technology Co's Days Payable declined from Sep. 2023 (29.49) to Sep. 2024 (25.83). It may suggest that Solbar Ningbo Protein Technology Co accelerated paying its suppliers.

Solbar Ningbo Protein Technology Co Days Payable Historical Data

The historical data trend for Solbar Ningbo Protein Technology 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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Solbar Ningbo Protein Technology Co Days Payable Chart

Solbar Ningbo Protein Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

26.12

20.68

27.07

38.34

36.59

Solbar Ningbo Protein Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial									29.49	29.20	30.23	29.49	25.83

Competitive Comparison of Solbar Ningbo Protein Technology Co's Days Payable

For the Packaged Foods subindustry, Solbar Ningbo Protein Technology 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.

Solbar Ningbo Protein Technology Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Solbar Ningbo Protein Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Solbar Ningbo Protein Technology Co's Days Payable falls into.

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Solbar Ningbo Protein Technology 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.

Solbar Ningbo Protein Technology 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
=	( (194.453	+	108.114)	/	2 )	/	1509.084	*	365
=	151.2835					/	1509.084	*	365
=	36.59

Solbar Ningbo Protein Technology Co'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
=	( (96.946	+	98.638)	/	2 )	/	345.521	*	365 / 4
=	97.792					/	345.521	*	365 / 4
=	25.83

Solbar Ningbo Protein Technology Co Days Payable Related Terms

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Solbar Ningbo Protein Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Solbar Ningbo Protein Technology Co Ltd (SHSE:603231) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 12, Xingye Avenue, Ningbo Free Trade Zone, Zhejiang Province, Ningbo, CHN, 315800

Website

http://www.solbar.com

Solbar Ningbo Protein Technology Co Ltd is engaged in the production and sales of soy protein series products. Its products include Functional Soy Protein Concentrates, Textured Soy Protein Concentrates, Textured Soy Protein, Textured Fibrous Vegetable Protein, Isolated Soy Protein and Defatted Soy Flour.

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